For Immediate Release
April 19, 2021
Media Contact: Thomas Thamm
(802) 229-8975
[email protected]
MONTPELIER, Vermont (April 19, 2021)—Vermont Mutual Insurance Group®, a leading Property and Casualty insurance company, held its 194th Annual Meeting at its home office in Montpelier, VT. Due to prevailing travel and quarantine restrictions, the company was required to conduct the meeting remotely.
Reviewing the results for 2020, Dan Bridge, President, CEO and Board Chairman of Vermont Mutual, stated “While the impact of the global pandemic began to affect our region in the early part of the year, we were quick to take steps to ensure the safety of our employees all while maintaining high levels of service to our customers and agency partners.”
Addressing company results, Bridge noted “As a company we were able to make significant advancements in all areas of our business. Over the course of 2020, policyholder surplus was increased by 11.7% to $653 million. The Company also enjoyed strong policyholder retention and a written premium growth of 4.8% to $534 million. Bridge added “Our A+ Financial Strength rating was again affirmed by AM Best and for the twelfth consecutive year in a row Vermont Mutual was named a Top 50 Insurer in the U.S. by Ward Group. In addition, Vermont Mutual was named a Best Place to Work in Vermont for the sixth year in a row.”
Executive Vice President and COO, Mark McDonnell, remarked “We are not only pleased to report that Vermont Mutual has again achieved positive operating results for 2020, but we are equally pleased to report that through Vermont Mutual’s charitable giving efforts, we were able to provide one million dollars directly to COVID-19 relief efforts in Vermont. We also returned nearly 5 million dollars to our auto customers and provided them the opportunity to pay that return forward to a worthy charity, an option many of them chose.”
Company officers elected at this year’s meeting were as follows:
Daniel C. Bridge, Chairman, President and Chief Executive Officer
Mark J. McDonnell, Executive Vice President and Chief Operating Officer
Jonathan R. Becker, Vice President, Underwriting
William J. Cahill, Vice President, General Counsel and Secretary
Susan L. Chicoine, Vice President, Human Resources
David N. DeLuca, Vice President, Claims
Shaun P.T. Farley, Vice President, Marketing
Brody N. Gilbert, Vice President, Finance
Bryan A. Mjaanes, Vice President, Information Technology
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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 315,000 policyholders, with a direct written premium of more than $500,000,000. 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 twelve consecutive years.