Atlantic Casualty to Create 83 Jobs, Invest $11.8M in North Carolina Operations

Atlantic Casualty Insurance Co., a national provider of commercial insurance products, will create 83 jobs and invest more than $11.8 million through an expansion of its Wayne County, N.C., headquarters, according to a statement from the North Carolina Department of Commerce.

The project in Goldsboro will include a significant expansion of the company’s existing 28,850 square foot facility by constructing a new 30,000 square foot office building.

Atlantic Casualty Insurance Co., a wholly owned subsidiary of Auto-Owners Insurance Group, is a specialty provider of commercial insurance for hard-to-place risks. Headquartered in Goldsboro with offices in Glastonbury, Conn., Richmond, Va., and Scottsdale, Ariz., the company operates in 49 states and has earned an A rating from A.M. Best.

Salaries for the new jobs will vary by position, but the average annual wage will be $54,398. The Wayne County average annual wage is $35,485.

“We are excited to be expanding our home office here in Goldsboro. Our business was founded 37 years ago, and we look forward to continuing our support in this great community and in the State of North Carolina,” said Bret Strickland, president & CEO of Atlantic Casualty.

The North Carolina Department of Commerce led the state’s support for the company during its site evaluation and decision-making process.

A performance-based grant of $250,000 from the One North Carolina Fund will help facilitate Atlantic Casualty’s expansion in North Carolina. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.