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.

Demotech, Inc.

Saucon Insurance Company has earned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc.


Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech’s philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Visit www.demotech.com for more information.

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.

Brian T. Regan
Vice Chair
Susan C. Drabic
Phillip J. (Toby) Bell
Phillip J. (Toby) Bell
Bernard J. (Bernie) Story
Donna B. Goss
Richard E. Santee, Jr.

Michael G. Crofton
Martin C. Gilchrist
Stephen Bajan, CEO

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 2020 2019 2018
Cash & Invested Assets $23,028,838 $21,976,255 $19,214,726
Other Assets $49,976 $43,484 $48,074
Total Assets $23,078,814 $22,019,739 $19,262,800
Losses and LAE $45,015 $26,541 $146,300
Other Liabilities $1,631,539 $1,471,189 $905,046
Perpetual Deposits $1,624,085 $1,689,164 $1,889,442
Total Liabilities $3,300,639 $3,186,894 $2,940,788
Unassigned Surplus $19,778,175 $18,832,845 $16,322,012
Operating Results
Earned Premium ($97,396) ($95,748) ($103,726)
Incurred Losses $102,598 ($28,100) $38,066
Other UW Expenses $558,209
Investment Income $331,917 $348,174 $321,724
Other Income $99,538 $16,248 $20,006
Realized Gains $663,662 $637,215 $1,123,845
Investment Gain/(Loss) $1,095,117 $1,001,637 $1,465,575
Net Income before Taxes $336,914 $336,650 $585,213
Federal Income Taxes $18,151 $30,209 $11,575
Net Income $318,763 $306,441 $573,638