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Vermont Mutual Recognized by Ward Group as a Top 50 Insurer for a Tenth Consecutive Year

Ward Top 50 logo

Vermont Mutual Insurance Group®, protecting people and businesses throughout the Northeast for 190 years, has again been recognized by Ward Group as one of the Top 50 insurance companies in the United States. This represents the 10th consecutive year that Vermont Mutual has been recognized by Ward Group for their consistency, safety and superior financial performance.

Vermont Mutual’s President & CEO, Dan Bridge, stated “We are committed to providing comprehensive insurance solutions to our policyholders, as well as a high level of consistent partnership to our independent insurance agents and a rewarding work environment where our employees can develop and grow. We are honored that Ward Group has recognized our success and consistently named Vermont Mutual as one of the best in the insurance business over the last decade. This recognition complements our other recent achievements, including our A+ (Superior) Financial Stability Rating from A.M. Best, our Best Places to Work awards and being named Vermont’s Most Outstanding Business in 2018.” Bridge continued “All of these achievements are due in large part to our loyal policyholders, our committed independent agency partners and our dedicated employees, and we appreciate their role in Vermont Mutual’s success.”

Mark McDonnell, Executive Vice President and COO of Vermont Mutual, noted “While ours has always been a competitive industry, technology is accelerating the rate of change like never before. This creates both opportunities and challenges. To produce the exceptional results we have for well over a decade is in part the result of the strong partnerships we have with the independent agents that represent us and we thank them, and the entire Vermont Mutual team, for their contribution to the success we've enjoyed.”

Each year Ward Group identifies the industry’s top insurance companies through a comprehensive financial analysis of approximately 3,000 U.S. property and casualty insurers. The companies recognized by Ward Group have all passed safety and consistency screens and achieved superior performance over a five year period. This is the 28th year Ward Group has conducted the analysis.

Vermont Mutual Receives Deane C Davis Outstanding Vermont Business Award

Deane C Davis Award

Vermont Business Magazine and the Vermont Chamber of Commerce announced on Thursday, May 24, that Vermont Mutual Insurance Group has been named the winner of the prestigious Deane C Davis Outstanding Business of the Year Award. The announcement was made during Vermont Business Magazine's Best of Business Awards at the Vermont Chamber Business Expo 2018.

Presented by Governor Phil Scott, the award honors a Vermont business that demonstrates an outstanding history of sustained growth while displaying an awareness of what makes Vermont special.

Dan Bridge, Vermont Mutual's president and CEO said "We could not be more grateful to be named the Deane C Davis Outstanding Business of the Year. It is, without question, an honor to stand alongside the other notable Vermont companies that have received this prestigious award in prior years." Bridge continued "The recognition means a great deal to our organization and we could not have earned it without the incredible teamwork and dedication of everyone at Vermont Mutual."

Year over year, Vermont Mutual has consistently demonstrated exceptional growth, producing over $66 million in new business in the past year alone as well as increasing the company's employee count by 24% over the past five years. As well, in 2017, Ward Group®, the industry's premiere rating agency, named Vermont Mutual one of the top 50 property & casualty insurers in the nation, an honor Vermont Mutual has received for the past nine consecutive years. In addition, through its Charitable Giving Fund, Vermont Mutual has contributed more than $300,000 to worthy, non-profit organizations that directly help their local communities.

"We are very proud to be named the Deane C Davis Outstanding Vermont Business of the Year" remarked Vermont Mutual's Executive Vice President and COO, Mark McDonnell. "Without question it speaks to the exceptional commitment of our employees and the positive and productive relationship we enjoy with our independent agent partners."

Along with Governor Phil Scott, Best of Business Awards presenters included VBM Publisher John Boutin and Vermont Chamber President Betsy Bishop.

“We are proud to have Vermont Mutual Insurance Group as the recipient of the Deane C. Davis Outstanding Business of the Year Award,” said John Boutin, publisher of Vermont Business Magazine. “They truly are deserving of this honor.”

Vermont Mutual Once Again Recognized as a ‘Best Place to Work’ for 2018

Best Places Logo

MONTPELIER, Vermont (February 22, 2018)—Vermont Mutual Insurance Group®, has once again been recognized as one of the Best Places to Work in Vermont for 2018. This is the third consecutive year Vermont Mutual has received this recognition.

Every year Vermont Business Magazine, in conjunction with the Vermont Chamber of Commerce, the Vermont Department of Labor, the Vermont Department of Economic Development, the Society for Human Resource Management, Vermont State Council and Best Companies Group, surveys Vermont companies to find the best places to work in the state.

“Since first entering the Best Places to Work survey in 2016, employees have continuously voted Vermont Mutual as a Best Place to Work and we’re very proud to receive that designation” stated Dan Bridge, Vermont Mutual’s President and CEO. Bridge continued “And we’re equally proud of our employees, all of whom help to create a working environment we believe is second to none.”

Companies from across the state enter a two-part survey process to determine the Best Places to Work in Vermont. The first part of the survey consists of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. This part of the process is worth approximately 25% of the total evaluation. The second part consists of an employee survey to measure employee satisfaction. This part of the process is worth approximately 75% of the total evaluation.

Susan Chicoine, Vice President of Human Resources, noted “We all work hard to make Vermont Mutual a healthy and rewarding place to work, but it’s our employees that really make the difference. Everyone works together to create a supportive and collaborative work experience, which is the foundation of our organizational culture here at Vermont Mutual.”

The rankings of all of the companies that participated will be revealed on March 21, 2018 at the Best Places to Work in Vermont Ceremony, to be held in Burlington, Vermont.

Vermont Mutual Named Deane C Davis Award Finalist

Vermont Mutual Insurance Group® has been named a finalist for the prestigious Deane C. Davis Award for 2017. Each year Vermont Business Magazine and the Vermont Chamber of Commerce selects three finalists for the Deane C Davis Outstanding Vermont Business of the Year Award (DCD Award). The finalists for 2017 are: City Market of Burlington, VT, Kalow Technologies, LLC and Vermont Mutual Insurance Group.

The award, first created in 1990, is designed to honor a Vermont Business that has demonstrated an outstanding history of sustained growth, dedication to their employees, communities, and to the state of Vermont itself. Criteria for this award include:

• Growth in sales and employment.
• Commitment of company resources for participation in community projects.
• Encouragement of employees to be involved in community events.
• Recognition of the importance of the environment to the state as a natural and economic resource.
• Addressing employee concerns/needs to create a positive work environment for all employees.

Dan Bridge, Vermont Mutual’s President and CEO, stated “We are honored to be named a Deane C Davis finalist and are proud to be included alongside such notable and appreciated companies as City Market and Kalow Technologies.” Bridge continued “Deane Davis created a rich history and a legacy of growth, sustainability and stewardship much appreciated by our fellow Vermonters. It is these values that are reflected in the way Vermont Mutual has conducted business for 190 years.”

The award will be presented during opening ceremonies at the Vermont Chamber of Business Expo on Thursday, May 24, 2018.

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

A + Superior

Montpelier, VT (January 31, 2018) A.M. Best Company, the global rating agency for the insurance industry, recently affirmed the Financial Strength Rating of A+ (Superior) for Vermont Mutual Insurance Group, consisting of Vermont Mutual Insurance Company, Northern Security Insurance Company, Inc. and Granite Mutual Insurance Company.

President and CEO, Dan Bridge, stated “This independent, comprehensive evaluation of our company is confirmation that we continue to be a stable and high performing company. The A+ rating is further testimony to the extraordinary work and collaboration enjoyed between Vermont Mutual employees and our Independent Agent Partners.”

The rating reflects Vermont Mutual’s favorable underwriting and operating results. 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 are very strong. Given these results, which have consistently outperformed the industry composite, Vermont Mutual’s outlook is categorized as stable.

“We could not be more pleased with the A+ “Superior” rating from A.M. Best, said Mark McDonnell, Executive Vice President & COO for the Group. McDonnell continued “Our strategy is one that’s built around partnership and consistency and the affirmation of our A+ rating is validation that the combined efforts of our staff, and our Independent Agent Partners, are producing exceptional results that stand-out in our industry. We can’t thank both of those groups enough for a job well done.”

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