Mr. Bridge has become the 17th President for the 187 year old company
On June 30th Vermont Mutual CEO William Catto officially retired from the 187-year old mutual company. As announced in early April of this year, his successor, President Daniel Bridge, was elected by the Board of Directors as the company’s new Chief Executive Officer. As part of the transition, Senior Vice President Mark McDonnell has been chosen to take the number two position in the company. He will partner with Mr. Bridge in leading the company.
“This completes a well-planned leadership transition that began several years ago”, said Bridge. “Since joining the company in 2014, Mark has made significant contributions to our organization and I look forward to partnering with him as we move the company forward.”
Bridge continued “I think I speak for both Mark and myself when I say we are excited about the future of this organization. We are fortunate to work with an exceptional team here at Vermont Mutual, comprised of both our dedicated employees and our agency partners.”
Both Mr. Bridge and Mr. McDonnell each have almost 30 years of insurance industry experience and have held a variety of leadership positions at national and regional carriers. They will both be based in the company’s Montpelier, Vermont Home Office.
“Our goal,” McDonnell added “is to maintain the practices and measures that have produced a sustained period of extraordinary results for our organization and carefully modernize those areas that will benefit our customers, agency partners and staff.”
AM Best recently upgraded Vermont Mutual’s Rating
Chartered in 1828, Vermont Mutual continues to remain a healthy and strong company. As one of the ten oldest mutual property/casualty insurers in the country, the company continues to insure its approximately 285,000 policyholders through the more than 500 independent insurance agencies it works with throughout New England. In December 2014, AM Best upgraded the 187 year old group of companies to A+ Superior.
