Vermont Mutual Honors Employees for Years of Service
Vermont Mutual Insurance Group® recently held its 33rd 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 eighty-one guests were on hand to celebrate and recognize several Vermont Mutual employee milestones. First welcomed to the Club was new member, Jennifer Rouse, who celebrates 25 years at Vermont Mutual. Also acknowledged were Mary Gray and Rose Thompson for 30 years of service and Lisa Edson and Lisa Seaver for 35 years of contributions. In addition, two more employees, Alice Bard and Diane Couture, were both honored for their 40 years at Vermont Mutual.
During the evening’s festivities, Arnold Lawson (Vermont Mutual employee from 1963 - 1999), announced that he will be stepping down from his role as Club President, a position he has held for 27 years. The newly elected Club President, Kevin Croteau, has been with Vermont Mutual for 27 years. Renee Bilodeau (29 years with the Company) will maintain her role as the Club’s Vice President and Secretary.
Speaking at the event, Dan Bridge, Vermont Mutual’s President and CEO remarked: “It is a privilege to work with these fine insurance professionals. This event makes it clear that people can enjoy a rewarding career and offer positive lifelong contributions if they find the right home.” The “25 Year Club” is proud to have 66 members in its ranks, 43 of whom are active and current Vermont Mutual employees.
Vermont Mutual Recognized by Ward Group as a Top 50 Insurer for Seventh Consecutive Year
MONTPELIER, Vermont (July 30, 2015)—For the seventh consecutive year, Vermont Mutual Insurance Group® has been recognized as one of the top 50 Property and Casualty insurers in the United States by Ward Group, one of the industry’s most respected benchmarking organizations.
Ward Group, an Aon Hewitt company, is the leading provider of operational and compensation benchmarking and best practices services for insurance companies. Every year Ward Group identifies the industry’s top insurance companies through a comprehensive financial analysis of over 3,000 property and casualty insurers situated in the United States. The Ward’s 50® recognizes safety, consistency and superior financial performance.
Vermont Mutual President & CEO, Daniel C. Bridge, stated “we are very pleased to again be recognized as a top performing insurance company by Ward Group. It is an honor we share with our agency partners, who along with our entire team at Vermont Mutual, play an integral role in our success. Bridge continued, “even as insurers throughout the U.S. contend with an uncertain economic climate and, at times, unprecedented weather events, Vermont Mutual remains committed to providing financial stability for our policyholders and our agent-partners. The Ward’s Top 50 designation is further confirmation of our commitment to remain a financially secure and stable insurance company.”
Companies recognized by Ward Group go through a stringent evaluation that factors growth, profitability, operational efficiency and financial strength over a five year period. As a recipient of the Ward’s 50® designation for seven 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.
Terry Moore Joins Vermont Mutual as Vice President of Underwriting
MONTPELIER, Vermont (April 27, 2015)—Vermont Mutual Insurance Group has elected Terry Moore as Vice President of Underwriting. Mr. Moore comes to Vermont Mutual from Safeco Insurance, where he served as AVP and Regional Manager of Safeco’s New York and New Jersey region.
Mark McDonnell, Senior Vice President, stated “We’re very pleased to have Terry join the team at Vermont Mutual. His broad industry experience makes him a great addition to our organization.” McDonnell continued “beyond the technical expertise Terry possesses, his entire career has been spent partnering with agents in the Independent Agent channel, which is an added benefit to Vermont Mutual, since it is the only channel through which we proudly distribute our products.”
Prior to his time at Safeco, Moore was with OneBeacon as VP of Underwriting for their reciprocal companies, Adirondack Insurance and New Jersey Skylands. Starting as a Claims Examiner with Mutual Benefit Life, Moore’s experience brought him to Fireman’s Fund, where for nearly 20 years he held a variety of positions of increasing authority in Underwriting, Field Sales, Territorial Leadership, Finance and Administration, Pricing, Human Resources and Operations.
Mr. Moore will be based at the Group’s Montpelier headquarters.
Vermont Mutual Completes Leadership Transition with Bridge and McDonnell
MONTPELIER, Vermont (July 1, 2015)—With the June 30th retirement of CEO William Catto, President Dan Bridge will take on the Chief Executive role. Current Senior Vice President Mark McDonnell will elevate to the number two position in the organization and partner with Bridge to lead the company.
"This completes a well-planned leadership transition that began several years ago", said Bridge. "Since joining the company in 2014, Mark has made significant contributions to our organization and I look forward to partnering with him as we move the company forward."
Bridge continued "I think I speak for both Mark and myself when I say we are excited about the future of this organization. We are fortunate to work with an exceptional team here at Vermont Mutual, comprised of both our dedicated employees and our agency partners."
"Our goal," McDonnell added "is to maintain the practices and measures that have produced a sustained period of extraordinary results for our organization and carefully modernize those areas that will benefit our customers, agency partners and staff."
Bridge and McDonnell each have approximately 30 years of insurance industry experience and have held a variety of leadership positions at national and regional carriers before joining Vermont Mutual. Both are located in the company's Montpelier, Vermont Home Office.
Bridge Named President of Vermont Mutual Insurance Group
MONTPELIER, Vermont (April 15, 2015) — At the annual meeting held on April 15, 2015, the Board of Directors named Daniel C. Bridge President of Vermont Mutual Insurance Group. Bridge, the 17th president of the 187 year old group of companies, replaces former President and current Chief Executive Officer William A. Catto, who will retire on June 30, 2015. Bridge joined Vermont Mutual as a Resident Vice President in January 2009. Prior to joining Vermont Mutual, he held senior leadership positions at several regional and national insurance companies within New England.
"As Executive Vice President, Dan has played a lead role in guiding the strategic direction of our organization"
said CEO, William A. Catto. "Dan's election to President is an important step in the leadership transition plan that began several years ago and I have every confidence in his ability to continue to advance our strategy, one that has consistently produced excellent operating results."
"I am pleased and honored to be chosen to lead such a successful and well respected organization" stated Bridge. "I'm also excited to continue to collaborate with a talented and dedicated team of management and staff at Vermont Mutual as we partner with the best Independent Agents in the Northeast to deliver excellent products and service to over 285,000 customers." Bridge added, "As we look to the future, we will combine the rich history of Vermont Mutual with the innovation needed to stay competitive in this ever-changing industry. Our goal is to remain a stable, predictable, and competent partner for our agents and a financially secure insurance solution for our policyholders."
Other officers elected at this year's annual meeting are as follows:
Mark J. McDonnell, Senior Vice President
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