Our History

Saucon Insurance Company (SIC) was incorporated in Pennsylvania on May 3, 1832, as the Farmers Fire Insurance Company of Upper and Lower Saucon Township and began business later that year. The company name was changed to Saucon Mutual Insurance Company on January 15, 1960 and upon its demutualization on January 1, 2018, changed name to Saucon Insurance Company.

Today SIC is a highly capitalized stock insurance company with policyholders throughout the region. Our business operates on a premise of service to our policyholders and support of our community. We are approved to write the following coverage:

  • Homeowners
  • Dwelling Property

SIC maintains both term and perpetual policies for Homeowners and Dwelling Property programs.

AM Best Rating

AM Best has assigned a Financial Strength Rating of A- (Excellent) to Saucon Insurance Company. This Rating represents the AM Best opinion Saucon Insurance has an “excellent” ability to meet our ongoing insurance obligations.

This company was issued a secure rating by the A.M. Best Company, click for additional details

Best’s Credit Ratings are independent opinions regarding the creditworthiness of insurance entities, issuers, and securities. Best’s Credit ratings are based on a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength and operating performance.

Board of Directors

The board is the focal point of our corporate governance system. Pursuant to state statues (and corporate charters or articles) it is elected by shareholders and is charged generally with direction of the affairs of the corporation. The board fulfills its role by delegating managerial authority to the manager, which it hires, monitors, incents (compensation), and replaces when necessary.

The board is also charged with oversight of the company’s financial reporting and legal compliance.

Chair
Brian T. Regan
bregan@rlbaccountants.com
Vice Chair
Susan C. Drabic
drabic@moravian.com
Secretary
Phillip J. (Toby) Bell
tobybell@rcn.com
Treasurer
Phillip J. (Toby) Bell
tobybell@rcn.com
Bernard J. (Bernie) Story
bernie@lvcfoundation.org
Donna B. Goss
dbgoss@verizon.net
Richard E. Santee, Jr.
rsantee@ssk-esq.com

Michael G. Crofton
mcrofton@philadelphiatrust.com
Martin C. Gilchrist
mgilchrist@urdc.com
Officers
Stephen Bajan, CEO
steve.bajan@sauconinsurance.com

Our Staff

Stephen Bajan, CEO

Email: steve.bajan@sauconinsurance.com

Steve joined Saucon Insurance and Saucon Insurance Agency in May of 2012 bringing with him 35 years of executive management experience. He is a lifelong resident of the Lehigh Valley and is actively involved in numerous civic and economic development organizations. He is a graduate of Muhlenberg College with a degree in Economics. He resides in Nazareth, Pennsylvania with this wife, Janis.

Susan L. Bertsch, CIC, Operations Manager

Email: susan.bertsch@sauconinsurance.com

Susan Bertsch is Operations Manager for Saucon Insurance. Her responsibilities encompass underwritings, claims, customers service and HR. She has more than 25 years of insurance industry experience working as an adjuster, underwriter and insurance agent and holds the Certified Insurance Counselor (CIC) designation. She resides in Macungie, Pennsylvania with her husband and son.

Melinda Dalla Piazza, Customer Service Representative

Email: melinda.dallapiazza@sauconinsurance.com

Melinda Dalla Piazza is our receptionist. She is the friendly voice you hear on the phone when calling Saucon. In addition to answering the phones, Melinda plays a vital role in processing and rating policies and customer service for both the company and agency. Melinda is a licensed agent and has spent over 25 years in the insurance industry in a variety of positions. She resides in Bethlehem, Pennsylvania with her husband.

Key Financial Highlights

Financial Summary
Assets 2017 2016
Cash & Invested Assets $21,137,443 $19,946,149
Other Assets $130,297 $54,535
Total Assets $21,267,740 $20,000,684
Liabilities
Losses and LAE $168,000 $329,000
Other Liabilities $1,457,111 $1,024,595
Perpetual Deposits $2,176,321 $2,182,191
Total Liabilities $3,801,432 $3,535,786
Unassigned Surplus $17,466,308 $16,464,898
Operating Results
Earned Premium ($89,121) ($87,126)
Incurred Losses $34,299 $406,394
Other UW Expenses $1,041,331 $878,552
     
Investment Income $276,688 $322,034
Other Income $32,338 $31,409
Realized Gains $1,692,681 $967,390
Investment Gain/(Loss) $1,937,031 $1,320,833
Net Income before Taxes $840,878 ($51,240)
Federal Income Taxes $0 $0
Net Income $840,878 ($51,240)