MONTPELIER –AM Greatest, the worldwide score company for the insurance coverage trade, has affirmed the score of the Union Mutual of Vermont Firms of “A” (Wonderful) with a Steady Outlook. The Union Mutual of Vermont Firms include Union Mutual Hearth Insurance coverage Firm and its wholly owned subsidiary, New England Warranty Insurance coverage Firm, Inc. in addition to its mutual affiliate, Neighborhood Mutual Insurance coverage Firm.
In response to the report from AM Greatest, affirmation of the score signifies constant worthwhile working efficiency, and displays Union Mutual’s steadiness sheet power — which AM Greatest assesses as very robust — in addition to enough working efficiency, impartial enterprise profile and applicable enterprise danger administration.
“We’re more than happy with AM Greatest’s determination to affirm our A score with Steady Outlook confirming our monetary power and strategic imaginative and prescient for the Firm’s future,” mentioned Union Mutual President & CEO Lisa Keysar. “This 12 months’s affirmed score is particularly significant in mild of the difficult market situations we proceed to face. It’s Union Mutual’s prime precedence to be financially steady for our staff, policyholders and company companions.”
Union Mutual of Vermont Firms, based in 1874, is a property casualty insurance coverage group consisting of Union Mutual Hearth Insurance coverage and New England Warranty Insurance coverage Firm Inc., each primarily based in Montpelier, Vermont; and Neighborhood Mutual Insurance coverage Firm, primarily based in Latham, New York. The three firms write a complete of $220 million in direct premium yearly by impartial brokers all through New England, and New York and are all rated A (Wonderful) with a Steady Outlook by A.M. Greatest.
