DEDHAM, MA and MONTPELIER, VT – March 26, 2025 – Building on the formal announcement of the affiliation between Norfolk & Dedham (N&D®) and Union Mutual, the companies have begun pooling underwriting results effective January 1, 2025. The companies have also introduced a group name (N&D | Union Mutual Insurance Group) and logo (shown above) for use when referring to the combined affiliated companies.
In conjunction with the pooling of financials, the Companies have appointed Alex Butensky as Executive Vice President, Chief Financial Officer, and Treasurer of the N&D | Union Mutual Insurance Group. Alex, who has been with N&D since 2013, most recently served as N&D CFO and has extensive experience in executive leadership, financial oversight, and actuarial functions. Jennifer Galfetti, former Union Mutual CFO, has been announced as Union Mutual’s Chief Operating Officer. Top leadership at both companies remains unchanged, with Joel Murray continuing as President & CEO of N&D and Board Chair of the affiliated companies, and Lisa Keysar continuing as President & CEO of Union Mutual.
“The pooling of financials marks a significant step in the affiliation of the two organizations, ensuring a unified financial strategy to better serve policyholders and enhance the overall strength of the group,” said Joel Murray. “Alex’s leadership and expertise have been instrumental in our success, and we are confident that his continued contributions will drive the financial health and strategic growth of the affiliated group.”
Lisa Keysar added, “This is a pivotal moment for our companies. By pooling our financials, we are reinforcing our commitment to financial stability and providing even greater value to our policyholders and business partners.”
As the N&D | Union Mutual Insurance Group continues to grow and evolve, the companies are committed to maintaining the strong relationships and trusted service that have been pivotal to each company’s success over their combined 350-year history.
About N&D | Union Mutual
The N&D | Union Mutual Insurance Group writes a mix of personal and commercial lines business in eight states with approximately $700 million in direct written premium and over $630 million in policyholders’ surplus. The group has approximately 250 employees and 600 independent agents with 1,000 agency offices across the Northeast. Both companies are independently rated A (Excellent) by AM Best.
