Vermont Mutual Honors Employees for Years of Service
Vermont Mutual Insurance Group® recently held its 34th annual meeting of the “25 Year Club”. Every year Vermont Mutual hosts a reception and dinner to honor those employees, both active and retired, who have given at least 25 years of service to the company.
A total of seventy nine guests were on hand to celebrate and recognize members of this venerable club. Vermont Mutual’s General Counsel, Richard Bland, who celebrates 25 years at Vermont Mutual, is the newest member of the club. Also acknowledged for 30 years of service were Reneè Bilodeau, Sharon Chadwick, Christine Lewis and Laurie Stone. Celebrating 35 years at the company were Debi Graves, Shirley Metcalf and Julie Smith. Celebrating 40 years at Vermont Mutual was Mary Davis, who started at the company back in 1976. Though the evening was one of celebration, all in attendance joined in a somber and reflective moment of silence for one of its esteemed members, former VP of Claims, Donald W. Bean, who sadly passed away on June 16, 2016.
During the evening, Daniel C. Bridge, Vermont Mutual’s President and CEO, stated: “It is indeed a remarkable achievement to be admitted into this exclusive club and Vermont Mutual is pleased to acknowledge these outstanding employees. We are grateful for their dedication and decades of service and look forward to working alongside these distinguished insurance professionals for many years to come.”
The “25 Year Club” is proud to have 66 members in its ranks, 44 of whom are active and current Vermont Mutual employees.
Vermont Mutual Recognized by Ward Group as a Top 50 Insurer for Eighth Consecutive Year
Ward Group, an Aon Hewitt company, has once again recognized Vermont Mutual Insurance Group® as one of the top 50 Property and Casualty insurers in the United States. This is the eighth consecutive year Ward Group has affirmed Vermont Mutual as a “Ward’s 50®” insurer.
Every year, Ward Group identifies the industry’s top insurance companies through a comprehensive financial analysis of approximately 3,000 U.S. property and casualty insurers. The “Ward’s 50” recognizes insurers for their consistency, safety and superior financial performance.
Daniel C. Bridge, President & CEO of Vermont Mutual, stated “it’s deeply gratifying to once again be recognized as a top performing insurance company by Ward Group. This noteworthy recognition is confirmation of our commitment to managing a financially secure insurance operation for our policyholders, our independent agency partners and our employees. Through uncertain economic times and periods of historic weather-related losses, Vermont Mutual continues to achieve the superior financial performance that allows us to meet and exceed the needs of our customers.” Bridge continued “we are honored to share this with our employees and business partners, whose combined efforts have allowed us to earn this recognition now for 8 consecutive years.”
Every company recognized by Ward Group has passed all safety and consistency screens and achieved superior performance over a five year period. This is the 26th year Ward Group has conducted the analysis. As a recipient of the Ward’s 50 designation for eight consecutive years, Vermont Mutual has once again affirmed its position as a leading provider of automobile, homeowner and business insurance in the Northeast, and ranks their performance in the top tier of all companies nationwide since 2009.
Bridge Elected Chairman at 189th Annual Meeting of Vermont Mutual Insurance Group
MONTPELIER, Vermont (May 1, 2016)—The 189th annual meeting of Vermont Mutual Insurance Group® was held on April 20, 2016, where current President & CEO, Daniel C. Bridge, was also elected Chairman of the Board of Directors.
“Since joining Vermont Mutual in 2009, Dan has played an integral role in guiding the direction of this well-respected group of companies” said Thomas J. Tierney, Vermont Mutual’s former Chairman, President and CEO. “The Board is more than pleased to have Dan accept the responsibilities of Chairman and we have every confidence in his ability to continue to lead the organization into the future.”
“I am truly honored to accept the position of Chairman” said Mr. Bridge. “As we move forward we are blending a rich and successful history with modernization efforts that will allow us to remain a stable, predictable and competent partner for our agents and a financially secure insurance solution for our policyholders.”
In commenting on 2015 results, Bridge stated, “In spite of the historic snowfall and resulting losses in parts of our territory in 2015, we were pleased to remain profitable and achieve our growth goals for the year. We also executed several key strategic initiatives that will benefit our company, agency partners and customers for years to come.
Bridge added, “We are also very pleased to be recognized by Ward Group, with our seventh consecutive Top 50 Company award, and the affirmation of our A+ (Superior) rating by A.M. Best.”
During 2015 Vermont Mutual Insurance Group increased its direct written premium to an unprecedented $401,019,601. Additionally, policyholders’ surplus increased to an all-time high of $380,880,769.
The full list of officers elected at this year’s annual meeting are as follows:
Daniel C. Bridge, Chairman, President & Chief Executive Officer
Mark J. McDonnell, Executive Vice President and Chief Operating Officer
Richard N. Bland, Vice President, General Counsel and Secretary
Susan L. Chicoine, Vice President Human Resources
Joanne M. Currier, Vice President Information Technology
David N. DeLuca, Vice President Claims
Brian C. Eagan, Vice President, Chief Financial Officer and Treasurer
Shaun P.T. Farley, Vice President Marketing
Terry J. Moore, Vice President Underwriting
Habitat for Humanity Groundbreaking Ceremony
East Montpelier, Vermont, June 7, 2016: Central Vermont Habitat for Humanity had its Groundbreaking Ceremony yesterday for a new passive home being built in East Montpelier, Vermont.
Aside from financial and volunteer assistance from Vermont Mutual Insurance Group, others involved with this project include: Montpelier Construction, the Norwich University School of Architect and Art, Stonorov Workshop, VHCB, ReSOURCE YouthBuild, Jan Ruta Electric.
The celebration began with a speech from Debbie Goodwin, Executive Director of Central Vermont Habitat for Humanity, along with a Collaboration Acknowledgment from Building Chair, Bruce Landry. Dan Bridge, President and CEO of Vermont Mutual, thanked Central Vermont Habitat for Humanity for the great work they do and how pleased Vermont Mutual is to be able to provide financial and volunteer assistance to such a worthy cause.
The celebration continued with a Shovel Presentation by Debbie Goodwin to the Partner Family: Stephanie Boucher, Nick Dentico and daughter, Amelie. A blessing was given by Rev. Elissa Johnk Pastor, followed by the ribbon cutting and refreshments.
Pictured above, left to right: Mark J. McDonnell, (Executive VP & COO, Vermont Mutual Insurance Group), Daniel C. Bridge (President & CEO, Vermont Mutual Insurance Group), Partner Family members: Stephanie Boucher, Daughter Amelie, Nick Dentico; David N. Deluca (VP, Claims, Vermont Mutual Insurance Group), Susan L. Chicoine (VP, Human Resources, Vermont Mutual Insurance Group), and Donald Rung (Property Risk Control Manager, Vermont Mutual Insurance Group.)
Mark J. McDonnell Named Executive Vice President and Chief Operating Officer of Vermont Mutual
Vermont Mutual Insurance Group® announced that Mark J. McDonnell has been promoted to Executive Vice President and Chief Operating Officer of the Group. Mr. McDonnell is an industry veteran with 30 years of property casualty experience, having held a variety of management positions of increasing responsibility with both regional and national carriers prior to joining Vermont Mutual as Senior Vice President in 2014.
In his new role, McDonnell will assume responsibility for Claims, while retaining his existing responsibilities for Marketing, Underwriting, Product Development, R&D/Pricing, Loss Control, Compliance and Communications.
“Since joining Vermont Mutual, Mark has been instrumental in directing a number of strategic initiatives, as well as providing day to day leadership support within our organization. His leadership and wealth of experience will help to ensure the long-term growth and success of Vermont Mutual Insurance Group and I look forward to partnering with Mark as we move the organization forward” said President and Chief Executive Officer, Daniel C. Bridge.
Mr. McDonnell said “I’m very grateful for the support and confidence shown in me by Dan and our Board of Directors, and look forward to continuing to work with the great team at Vermont Mutual, and our Agency Partners that represent us so well in their markets.”
McDonnell’s insurance designations include CPCU, CIC, AIT, AAM and AIM. He received his Bachelors of Science in Business and Biology from Albright College and his Masters of Business Administration from Eastern University. He currently serves on the Ethics Committee of the National CPCU Society and IIABA’s Council for Best Practices and has served on the boards of several community organizations and industry panels during his career.