For Immediate Release
July 30, 2015
Media Contact: Thomas Thamm
(802) 223-2341 x8975
tthamm @ vermontmutual.com
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.
Chartered in 1828, the Vermont Mutual Insurance Company® (www.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, the Vermont Mutual Insurance Group provides coverage throughout New England and New York. Through more than 400 independent agencies, the Group insures over 285,000 policyholders with a direct written premium of more than $380,000,000. Rated “A+ Superior” by A. M. Best and a Ward’s Top 50 performing property/casualty for the past six consecutive years.