Vermont Mutual Designated A+ Superior by A.M. Best Company

MONTPELIER, Vermont (January 16, 2019)—A.M. Best Company, the global rating agency for the insurance industry, has once again affirmed the Financial Strength Rating of A+ (Superior) for Vermont Mutual Insurance Group.

A.M. Best’s Financial Strength Rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. A.M. Best noted that Vermont Mutual’s Enterprise Risk Management capabilities are appropriate for their size, their Business Profile is favorable and Operating Performance is strong. Vermont Mutual’s Balance Sheet and Capitalization were noted to be very strong. Given these results, which have consistently outperformed the industry composite, Vermont Mutual’s outlook is categorized as stable.

Vermont Mutual’s President and CEO, Dan Bridge, stated “The A+ (Superior) rating represents a comprehensive evaluation of our company and reflects Vermont Mutual’s favorable underwriting and operating results. This year’s evaluation was particularly rewarding as A.M. Best’s rating methodology had recently changed, requiring additional analysis and presentation to most effectively communicate our strategy, results and financial strength.” Bridge continued “The recognition is further testament to the positive collaboration we enjoy with our Independent Agency Partners.”

Executive Vice President & COO, Mark McDonnell added “We could not be more thankful to our employees and the Independent Agents who represent us for their contributions in making Vermont Mutual a financially stable company worthy of this A+ rating.”

Vermont Mutual Executives Honored in Surprise Boss’s Day Ceremony

MONTPELIER, Vermont (October 29, 2018)—It is not unusual for company executives at Vermont Mutual Insurance Group® to have their hands in multiple areas of the business, so expectedly it can be quite a challenge to keep anything hidden from them... but that is precisely what employees managed to do in recognition of National Boss's Day.

Unbeknownst to company executives, Vermont Mutual employees gathered together to present them with a large framed card signed by all employees and a special Leadership Award commemorating the event. During the ceremony several employees got up to speak on behalf of their departments to express their gratitude for the expert and inclusive leadership of Vermont Mutual's executive team.

Senior Executive Assistant, Paula Clark, employed with the company for nearly 30 years, noted "Their adventurous and fun leadership style has a way of making us all feel that even though things change here...we can count on them to make it an easier transition for those changes." Clark continued "They make work interesting and above all, they guide us with their passion for the growth and success of Vermont Mutual."

Company President and CEO, Dan Bridge, surprised and touched by the gesture, remarked "In all of the years we've been working in this industry, I think it’s safe to say that this is one of the most unexpected and meaningful experiences we’ve been a part of.” Speaking on behalf of the executives, Bridge added "We wish to thank every one of our employees for this thoughtful show of appreciation, it means a lot to us all."

National Boss Day was first officially proclaimed in 1962 and is recognized every October 16.

Vermont Mutual Donates $11,800 to the Boys & Girls Club of Burlington, VT

BURLINGTON, Vermont (January 16, 2019)—The Boys & Girls Club of Burlington, Vermont, received a donation from Vermont Mutual for $11,800 as part of the ‘Cats Win, Community Wins’ initiative between Vermont Mutual Insurance Group and the University of Vermont.

Formed by Vermont Mutual and UVM in 2018, the ‘Cats Win, Community Wins’ program was developed as a way for both institutions to give back to local charitable organizations and support UVM athletics. As part of the multi-year agreement, Vermont Mutual donates $100 for every Catamount win to a local charity. For 2018, Catamount teams enjoyed 118 wins which resulted in the $11,800 donation for The Boys & Girls Club of Burlington, VT. This brings the total 2018 donations awarded through Vermont Mutual's Charitable Giving Fund to $352,000 to 115 worthy organizations.

The check was presented at UVM’s Patrick Gymnasium during the January 12, 2019 basketball game between the Vermont Catamounts and the Hartford Hawks. Presenting the check to Tanya Benosky, executive director of the Boys & Girls Club’s, Burlington, VT was Vermont Mutual President and CEO, Dan Bridge and Executive Vice President and COO, Mark McDonnell.

“‘Cats Win, Community Wins’ is an extraordinary program that has provided much fun and opportunity for the kids of the Boys & Girls Club. Both UVM and Vermont Mutual are top notch organizations with generous hearts for the community” said Tanya Benosky, Executive Director, Boys & Girls Club of Burlington. Benosky added “It was also a treat for us to be guests of the Cats at tonight’s game, the kids had a wonderful time.”

Vermont Mutual’s President and CEO, Dan Bridge, noted “Vermont Mutual is very proud to support local community organizations such as the Boys & Girls Club of Burlington, VT.” Bridge continued “Their commitment and tireless efforts contribute to our community in innumerable ways and helps to create a positive future for our community’s youth.”

The Vermont Mutual and UVM’s “Cats Win, Community Wins” multi-year program will continue; with the 2019 charitable beneficiary being Make-A-Wish, Vermont.

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 $475,000,000. 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 ten consecutive years.

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Business People Vermont Features Vermont Mutual

Vermont Mutual is pleased to be the featured cover story in this September's Business People Vermont. To view the story of Vermont Mutual's leadership and team, please click the link below.

Business People Vermont