Vermont Mutual Insurance Group announced Group President and CEO William A. Catto will retire from the company on June 30, 2015. The company said it expects to announce Catto’s successor after its board meeting in April.
Catto’s career in the property/casualty business spans more than 40 years. Prior to joining the Vermont Mutual Insurance Group in 1995, he was president of the Granite Mutual Insurance Company in Barre, Vermont, which is now an affiliated member of the Vermont Mutual Insurance Group. After 17 years as executive vice president for the Group, Catto was elected president of the Group companies in 2012 and CEO in 2013.
After his June retirement, Catto will continue to serve on Vermont Mutual Insurance Group’s Board of Directors.
Chartered in 1828, the Vermont Mutual is one of the 10 oldest mutual property/casualty insurers in the U.S., having operated continuously since that time in Montpelier, Vermont. Along with the wholly owned subsidiary, Northern Security Insurance Company Inc. and the affiliated Granite Mutual Insurance Company, Vermont Mutual provides coverage throughout New England and New York. In December 2014 Vermont Mutual was upgraded to A+ (Superior) by A.M. Best.
Through more than 400 independent agencies, Vermont Mutual Insurance Group insures over 285,000 policyholders with a direct written premium of more than $380 million.
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