President & Chief Executive Officer Lisa Keysar
Vermont Business Magazine Union Mutual Insurance Company today announced that President & Chief Executive Officer Lisa Keysar will retire on December 31, 2026, marking the culmination of a distinguished career that has helped shape the company for more than 30 years.
Since joining Union Mutual in 1995, Keysar has been a driving force behind the Company’s growth and success. Appointed President & CEO in 2020, she became the first woman to lead Union Mutual. During her tenure, the Company strengthened its financial position, enhanced operational capabilities, and achieved an A (Excellent) rating from AM Best—reflecting its strong balance sheet and disciplined management approach.
“Serving Union Mutual has been the honor of my career,” said Keysar. “I am deeply grateful to the employees, agents, policyholders, and Board members who have supported our work over the years. I have great confidence in Jennifer Galfetti and the leadership team, and I am certain the Company will continue to thrive in the years ahead.”
“Lisa’s legacy at Union Mutual is one of integrity, leadership, and lasting impact,” said Board Chair Joel Murray. “She has guided the Company through meaningful growth while maintaining an unwavering commitment to our core values.”
Looking ahead, Jennifer Galfetti will become President of Union Mutual following Keysar’s retirement and will report to Joel Murray. Murray, currently the CEO of the Norfolk & Dedham companies, will become CEO of all companies in the affiliated N&D | Union Mutual Insurance Group, including Union Mutual. The two firms affiliated in 2024.
Galfetti brings broad and deep experience across financial and operational functions, along with strong industry relationships and a proven leadership track record. She has developed trusted relationships within Union Mutual’s agency plant and across the insurance industry and is widely regarded by employees and the Executive Team as a collaborative, thoughtful, and highly effective leader.
“Jennifer is exceptionally well-positioned to lead Union Mutual into its next chapter,” said Murray. “Her experience, judgment, and leadership style align closely with our culture and long-term strategy.”
“I am honored to step into this role and build on the strong foundation Lisa and the team have established,” said Galfetti. “Union Mutual’s commitment to our policyholders, agents, and communities is unwavering, and I look forward to working with our talented employees and partners to continue delivering on that promise while positioning the Company for future success.”
Keysar will continue to serve as President & CEO through the end of 2026 and will work closely with Galfetti to ensure a seamless leadership transition. Keysar is currently a Director on the N&D | Union Mutual Insurance Group Board and will continue to serve in that capacity.
About Union Mutual
Founded in 1874 and headquartered in Montpelier, Vermont, Union Mutual Insurance Company is a property and casualty insurer and a member of the N&D | Union Mutual Insurance Group. Together, the group writes over $750 million in direct written premium and serves independent agents across New England and New Jersey. The group is rated A (Excellent) by AM Best, a leading global insurance rating organization.
Montpelier, VT — June 25, 2026 — Union Mutual Insurance Company
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