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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.”

Vermont Mutual Teams with the University of Vermont Catamounts to Benefit Local Charities

MONTPELIER, Vermont (December 19, 2017)—Vermont Mutual Insurance Group®, long recognized as a top 50 Property and Casualty insurer in the U.S., has entered a new four-year agreement with University of Vermont Catamounts and its athletics multimedia rightsholder, Learfield’s Vermont Sports Properties.

Vermont Mutual and UVM are proud to introduce a community-based initiative that gives back to local organizations.Throughout the first two seasons of the multi-year agreement, Vermont Mutual will give $100 to the Boys & Girls Club of Burlington for each Catamount win – inclusive of every team, every sport, home and away victories. In years three and four, two additional organizations will be selected as the recipients of the donations based on wins by the Cats. Fans will soon recognize this initiative as “Cats Win, Community Wins” that will be supported through in-game promotion, social media, broadcast and print.

“We couldn’t be more pleased to elevate our level of involvement with the Catamounts over the next four years, while at the same time, provide significant resources to a terrific organization in the Boys & Girls Club of Burlington.” said Dan Bridge, President and CEO of Vermont Mutual Insurance Group. “We take immense pride in giving back to our community and the benefits received by the Boys & Girls Club of Burlington gives us all further motivation to support the UVM athletic teams.”

“Our organization is beyond honored, and thrilled, to be an integral part of the new ‘Cats Win, Community Wins’ initiative. We can’t thank Vermont Mutual enough for thinking of us and wrapping this into their broader partnership with the Vermont Catamounts!” said Tanya Benosky, Executive Director, Boys & Girls Club of Burlington.

UVM’s Director of Athletics Jeff Schulman, remarked “The support and generosity shown by our corporate partners and local businesses at every level is greatly appreciated. We know the Boys & Girls Club of Burlington will be excited to be the beneficiary of this incredible donation by Vermont Mutual, and we look forward to involving the kids and volunteers in our various athletic events.”

The first donation for Catamount wins during the current 2017-18 collegiate athletic season will be retroactive to spring 2017, with a final amount slated for February 2018 and expected to be approximately $14,000 annually.

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

For the ninth 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, an Aon Hewitt company and one of the industry’s most respected benchmarking organizations.

Every 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 “Ward’s 50®” recognizes insurers for their consistency, safety and superior financial performance.

Daniel C. Bridge, President & CEO of Vermont Mutual, stated “It’s deeply gratifying to once again be recognized as a top performing insurance company by Ward Group. This noteworthy recognition is confirmation of our commitment to managing a financially secure insurance operation for our policyholders, our independent agency partners and our employees.” Bridge continued “We are honored to share this with our employees and business partners, whose combined efforts have allowed us to earn this recognition now for 9 consecutive years.”

Every company recognized by Ward Group has passed all safety and consistency screens and achieved superior performance over a five year period. This is the 27th year Ward Group has conducted the analysis. As a recipient of the Ward’s 50 designation for nine years in a row, 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.

There’s Just Something About Vermont...

We hope you will enjoy our latest Vermont Mutual television commercial. The commercial will be aired through several media outlets over the next few months, including CNN, HGTV, NESN, Fox NFL Sunday, and local channels WFFF/WVNY, WCAX and WPTZ.

Vermont Mutual is proud to offer comprehensive insurance solutions throughout New England. Visit your local Independent Insurance Agent to learn more about insuring your home, business or auto with Vermont Mutual.

See our other television ads here:

Vermont Mutual and Your Independent Agent: The Right Combination

Vermont Mutual - New England Strong

Vermont Mutual - Vermont Strong

The 190th Annual Meeting of Vermont Mutual Insurance Group

Recently Vermont Mutual Insurance Group® held its 190th Annual Meeting. Over the course of 2016, Vermont Mutual Insurance Group increased its direct written premium by more than 8% to an unprecedented $434,265,941. Additionally, policyholders’ surplus increased 10% during the year to an all-time high of $420,456,488.

“This past year stands out as one of the most successful years in the 190-year history of our company,” stated Dan Bridge, Vermont Mutual’s President & CEO. Bridge continued “Our strong financial results strengthened our business for our policyholders, Independent Agency Partners and employees. We were again named one of the Top 50 property casualty insurers in the U.S. and one of the Best Places to Work in Vermont. Operational improvements and modernization efforts were significant and we remain well-positioned to meet the needs of both our Agent Partners and their customers for years to come.”

Mark McDonnell, Executive Vice President and COO, added “We continue to foster a relationship-based approach in claims, underwriting and marketing, and thankfully our Agent Partners favored us with a record level of new business of over $64 million. Our growth and strong retention is an indication that agents and policyholders are pleased with the value they receive from insuring with Vermont Mutual.”

The annual meeting also marked the retirement of J. Timothy Ide, retired president of E.T. & H.K. Ide, Inc. of St. Johnsbury, Vermont, and a member of the Vermont Mutual Directors Advisory Council. Mr. Ide was presented with a Simon Pearce commemorative glass bowl acknowledging Mr. Ide’s more than thirty seven years of providing wise counsel to the company as both a member of the Board of Directors, and later the Directors Advisory Committee.

Service to Vermont Mutual runs in the Ide family, both Mr. Ide’s father and grandfather also served on Vermont Mutual’s Board of Directors for many decades. “I cannot thank Tim enough for the valuable service he provided our company over so many years,” stated Bridge. “A commitment of that type is truly unique and we’re very appreciative of all that Tim has done for us.”

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
  • 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

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