San Diego-based ICW Group Insurance Cos., which represents a trio of property, auto, and workers’ compensation insurance carriers, announced Sept. 11 its net worth had surpassed $1 billion.

ICW Group represents Insurance Co. of the West and Explorer Insurance Co., both of which are based in San Diego, and Texas-based VerTerra Insurance Co.

The firm, which launched in 1972, has more than 700 employees and operates regional offices throughout the U.S. in addition to its San Diego headquarters.