MONTPELIER, Vermont (April 21, 2016)—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.
Chartered in 1828, Vermont Mutual Insurance Group® (vermontmutual.com) is one of the ten oldest mutual property/casualty insurers in the United States. They have operated continuously since that time in Montpelier, VT. Along with the wholly owned subsidiary, Northern Security Insurance Company, Inc. and the affiliated Granite Mutual Insurance Company, Vermont Mutual Insurance Group provides insurance solutions throughout the Northeast. With more than 800 independent agency office locations, the Group insures over 285,000 policyholders with a direct written premium of more than $400,000,000. Vermont Mutual is rated “A+ Superior” by A. M. Best and a Ward’s Top 50 performing property/casualty insurer for the past seven consecutive years.