Union Mutual of Vermont Companies announced the election of Mary Marchut as a member of its Board of Directors at the annual meeting of members on Feb. 26.Marchut retired from General Reinsurance in 2013, where for nearly 20 years she served as treaty account executive for national, regional and mutual companies in New England, New York and Maryland. Her 40-year career in the insurance industry also included employment with Amica and the Hartford.
Union’s Board Chair John Fitzhugh and President Michael Nobles said in a joint statement that Marchut’s industry and reinsurance knowledge will contribute significantly to Board deliberations.
Union Mutual of Vermont Companies, founded in 1874, is a property/casualty insurance group consisting of Union Mutual Fire Insurance and New England Guaranty Insurance Company Inc., both based in Montpelier, Vt., Eastern Mutual Insurance Company, based in Greenville, N.Y., and Community Mutual Insurance Company, based in East Schodack, N.Y. The four companies write a total of $130 million in direct premium annually through independent agents throughout New England and New York.