Vermont Mutual Insurance Company announced today that it has promoted William A. Catto, CPCU to the office of President. He will hold the dual title of President and Chief Operating Officer. Catto becomes the 15th President to serve the Vermont Mutual in the company’s 184-year history. He succeeds Thomas J. Tierney who was elected President in 1995.
"Bill has been instrumental in shaping our strategic direction and his leadership in the COO position has been invaluable in our efforts to responsibly grow the company. As President, his wealth of experience and insight will help ensure the financial security and profitability of the Vermont Mutual Insurance Group well into the future," said Tierney, CEO and Chairman.
Catto has 39 years of experience in the property/casualty business in New England. Prior to joining the company, he was President of the Granite Mutual Insurance Company in Barre, Vermont, which affiliated with the Vermont Mutual in 1995. He has served the Vermont Mutual since that time in increasingly responsible senior management roles and was named COO in 2009. Over the years, he has served on a number of industry boards and currently chairs the Vermont Property and Casualty Insurance Guaranty Association and Guaranty Fund Management Services, Boston, MA.
I'm excited about the future of the Vermont Mutual Insurance Group and our Independent Agency partners. The talent that we have at all levels in the organization and our secure financial position, will allow us to continue to successfully execute our strategies in the coming years,” said Catto.
Chartered in 1828, the Vermont Mutual Insurance Company is one of the 10 oldest mutual property/casualty insurers in the United States. They have operated continuously since that time in Montpelier, VT. Along with the wholly owned subsidiary, Northern Security Insurance Company, Inc. and the affiliated Granite Mutual Insurance Company, the Vermont Mutual Insurance Group provides coverage throughout New England and New York. Through more than 400 independent agencies, the Group insures approximately 275,000 policyholders with a direct written premium of more than $300,000,000. The Vermont Mutual Insurance Company is rated “A” by A. M. Best and has been named to the Ward’s Top 50 performing property/casualty companies in the United States for the past three consecutive years.