For Immediate Release
May 1, 2018
Media Contact: Thomas Thamm
MONTPELIER, Vermont (May 1, 2018)—Recently Vermont Mutual Insurance Group® held its 191st Annual Meeting at its home office in Montpelier, VT. Over the course of 2017, Vermont Mutual Insurance Group increased its direct written premium by 7% to $464,285,033, grew policyholders’ surplus by more than 10% to $464,866,549 and was recognized as a top insurance company nationally for the ninth consecutive year.
President and CEO, Dan Bridge, commented, “I am pleased with the accomplishments of the Group in 2017 as we continued to strengthen the Company by achieving consistent underwriting profits and superior policyholder surplus growth. In addition, our performance was again recognized by Ward Group as best-in-class on a national level and we again earned a Best Places to Work distinction in Vermont. Importantly, we distributed more than $300,000.00 to organizations in need through the Vermont Mutual Charitable Giving Fund.”
Executive Vice President and COO, Mark McDonnell, remarked “It was another great year for Vermont Mutual.” McDonnell continued “Once again A.M. Best affirmed our financial strength rating of A+ Superior. We made significant progress on our operational and technology improvements and, thanks to the efforts of our entire Vermont Mutual team and the support from our Agency Partners, our policyholder retention remains very strong.”
In addition to the election of company officers, several Directors were recognized for achieving specific milestones in their Board of Director service to Vermont Mutual including: Thomas J. Tierney (25 years), John D. Hashagen (30 years), George D. Milne (40 years) and William H. Brooks (45 years).
The following officers were elected at this year’s annual meeting:
Daniel C. Bridge, Chairman, President and 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
Bryan A. Mjaanes, 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
Vermont Mutual Insurance Group® is a trade name of Vermont Mutual Insurance Company, Northern Security Insurance Company, Inc. and Granite Mutual Insurance Company. Chartered in 1828, Vermont Mutual is one of the ten oldest mutual property/casualty insurers in the United States and provides coverage throughout New England and upstate New York. Through more than 400 independent agencies, the Group insures over 300,000 policyholders with a direct written premium of more than $465,000,000. The group is rated “A+ Superior” by A. M. Best and a Ward’s Top 50 performing property/casualty insurer in the U.S. for the past nine consecutive years.