Northern Neck Insurance Company and Frederick Mutual Insurance Company Announce Strategic Affiliation to Drive Growth Across the Mid-Atlantic
Irvington, VA, and Frederick, MD — September 2025 — Northern Neck Insurance Company and Frederick Mutual Insurance Company are pleased to announce their intent to affiliate, pending regulatory approval. This strategic partnership is rooted in shared mutual values and a vision to build a dynamic, customer-centric insurer. By combining regional expertise, complementary products, and a commitment to personalized service, the companies are positioning themselves to deliver sustainable, profitable growth and deepen relationships with members, agents, and communities across the Mid-Atlantic.
With a combined legacy of more than 311 years, Northern Neck Insurance Company (rated A- by AM Best) and Frederick Mutual Insurance Company (rated A by Demotech, Inc.) are aligning through shared values to build a dynamic regional carrier. This partnership brings together complementary strengths in personal and commercial lines, creating opportunities to offer tailored coverages, responsive local support, and a member-first approach that prioritizes trust, value, and sustainable growth. Together, the companies will offer a compelling growth platform to more than 450 independent agency locations serving clients across Virginia, Maryland, Pennsylvania, Delaware, District of Columbia, and North Carolina. Agents will benefit from a competitive portfolio, enhanced tools and training, and a shared commitment to long-term partnerships and profitability.
“This is a transformative moment for both companies,” said Peter Cammarata, President & CEO of Northern Neck Insurance Company. “By joining forces, we will combine our strengths to create a compelling alternative in the marketplace — a dynamic mutual insurer focused on empowering agents, enhancing coverage and service for members, and providing great career opportunities for employees.”
“This partnership will allow us to grow while staying true to our mutual values,” said Nancy Newmister, President & CEO of Frederick Mutual Insurance Company. “Together, we’re unlocking new opportunities for growth through complementary product offerings, shared support services, and an unwavering focus on our agents and policyholders. Together, we will be a stronger, more agile organization ready to meet the evolving needs of our communities.”
Leadership continuity will guide the transition. Cammarata and Newmister will remain CEOs of their respective organizations until the transaction is finalized, and both will be actively involved in the integration process to align operations and ensure a smooth transition. The companies will employ more than 90 employees and continue to operate under their existing brands. Frederick Mutual will remain headquartered in Frederick, MD, where it has served the community since 1843. Northern Neck Insurance Company will continue operations from Irvington, VA, celebrating its 130th anniversary in 2026.
To learn more about Northern Neck Insurance Company and Frederick Mutual Insurance Company, please visit nnins.com and frederickmutual.com.
General FAQs
What is happening?
Northern Neck Insurance Company and Frederick Mutual Insurance Company have agreed to affiliate, pending regulatory approval. The affiliation unites two respected mutual insurers with deep roots, complementary products, and well-aligned distribution territories. As part of the agreement, Northern Neck Insurance Company will enter into a management agreement with Frederick Mutual Insurance Company, with Peter Cammarata as President and CEO of both organizations, and Northern Neck’s Board of Directors providing unified governance. Importantly, we are approaching this as an affiliation of two companies with complementary strengths and legacies.
This strategic partnership unites Northern Neck’s personal lines strength with Frederick Mutual’s commercial lines expertise, creating a dynamic mutual insurer with a bold vision for growth.
Together, we’re expanding market presence, enhancing member value, and deepening our impact across Mid-Atlantic communities.
What are the benefits of this affiliation?
This affiliation leverages the complementary strengths of both organizations. Northern Neck offers a broad range of personal lines coverages—including homeowners, auto, renters, dwelling, umbrella, and rural estate—through a robust independent agency network in Virginia. Frederick Mutual offers a comprehensive businessowners program, aka The Frederick Mutual Secure(R) businessowners program, available to 200+ classes of eligible small businessowners in the
contracting, services, retail, wholesale and real estate (habitational included) industries, across Maryland, Virginia, Delaware, Pennsylvania, the District of Columbia, and North Carolina. This affiliation creates a strategic alignment that positions the combined companies to expand profitably across both Personal Lines (PL) and Commercial Lines (CL), while enhancing geographic reach, distribution capabilities, service quality, and financial performance. For agents and
consumers, this affiliation expands access to local, personalized insurance solutions for households and small businesses across the Mid-Atlantic region.
Will the leadership team change?
Leadership continuity will guide the transition. Cammarata and Newmister will remain CEOs of their respective organizations until the transaction is finalized, and both will be actively involved in the integration process to align operations and ensure a smooth transition. Northern Neck’s Board of Directors will provide unified governance. The management teams of both organizations will remain in place during the integration process. This structure will allow us to preserve the identities, strengths, and values of both companies, as we improve efficiency and pursue growth.
Why is this affiliation taking place?
The mid-Atlantic region presents favorable growth opportunities for P&C insurers, especially in the market segments served by Northern Neck and Frederick Mutual. Together, the combined
companies are well positioned to expand market share due to their competitive product offerings and a mutual model which aligns with the growing demand for trust, transparency, and long-term value among consumers and small business owners. The companies’ deep local roots, personalized approach, and commitment to reinvest earnings to benefit policyholders make the combined mutual company an attractive alternative to national carriers.
What is the timeline for the integration?
The integration has already begun and will continue in phases over the next 12 months. We will provide regular updates as milestones are reached.
How will regulatory approvals be handled?
The acquisition is subject to regulatory review and approval. We are working closely with regulators to ensure a smooth and compliant process.
How will the companies align their cultures and values?
Both companies share a mutual, member-focused mission. We are committed to preserving our shared values while building a unified culture.
Will the company name or branding change?
The companies will continue to operate under existing brands. Northern Neck and Frederick Mutual are respected brands within their markets and we plan to leverage the strengths of both organizations as we move forward together. As our long-term strategy evolves, we will consider branding options and share updates as decisions are made.
Where can I find updates about the acquisition?
We will post updates on our websites, through email communications, and via internal and agent portals.