Vermont Business Magazine Vermont Mutual Insurance Group has again been recognized as one of the Top 50 Property and Casualty insurers in the U.S. by Ward Group, an Aon company, and one of the industry’s most respected benchmarking organizations. This is the 16th consecutive year that the Vermont-based insurer has been designated as a Ward Top 50 P & C insurer.
Every year Ward Group examines the financial performance of nearly 2,900 property-casualty insurance companies domiciled in the United States to identify the top performers. The “Ward’s 50” designation recognizes insurers for their consistency, safety and superior financial performance.
Mark McDonnell, President and COO of Vermont Mutual, stated “Being recognized as a Ward’s Top 50 insurer places Vermont Mutual in the top 2% of insurance companies nationwide and is a testament to our consistent delivery of excellent financial results. Achieving this designation for 2024 is particularly satisfying because it recognizes our ability to successfully navigate through the recent economic and industry challenges we’ve all faced the past few years.”
Vermont Mutual’s CEO and Board Chair, Dan Bridge, noted “Being named a Top 50 P & C insurer in the U.S. for 16 consecutive years is certainly a distinction we’re very proud of but it also speaks directly to the hard work and dedication of our employees, independent agents and business associates. We thank them for their partnership and commitment to Vermont Mutual.”
Every company recognized by Ward Group has passed all safety and consistency screens and achieved superior performance over a 5 year period. As a recipient of the Ward’s 50 designation for 16 years in a row, Vermont Mutual has once again affirmed its position as a leading provider of homeowner, automobile and business insurance in the Northeast.
Vermont Mutual Insurance Group® is a trade name of Vermont Mutual Insurance Company, Northern Security Insurance Company, Inc. and Granite Security 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 600 independent agencies, the Group insures over 330,000 policyholders, with a direct written premium of more than $720,000,000. 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 16 consecutive years. For more information, please visit: VermontMutual.com.
Source: MONTPELIER, Vermont (July 16, 2024)— Vermont Mutual Insurance Group
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Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.