For Immediate Release
July 1, 2015
Media Contact: Thomas Thamm
(802) 223-2341 x8975
tthamm @ vermontmutual.com
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.
Chartered in 1828, Vermont Mutual Insurance Company 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 coverage throughout New England and New York. Through more than 500 independent agencies, the Group insures approximately 285,000 policyholders with a direct written premium of more than $350,000,000. In addition to its upgrade to A+ (Superior) by A. M. Best, Vermont Mutual Insurance Company has been named to Ward's Top 50 performing property/casualty companies in the United States for the past six consecutive years.