Grinnell Mutual
 | |
| Company type | Mutual |
|---|---|
| Industry | Insurance, Reinsurance |
| Founded | April 17, 1909 |
| Headquarters | Grinnell, Iowa, USA |
Key people | Larry Jansen, President & CEO |
Number of employees | 745 |
| Website | grinnellmutual.com |
Grinnell Mutual Reinsurance Company is a mutual reinsurance company based in Grinnell, Iowa, United States. The company operates in 14 states reinsuring 250 mutual insurance companies.
Business performance
On December 10, 2015, A.M. Best issued an 'A' (Excellent) rating and stable outlook for Grinnell Mutual.[1] This was the 25th consecutive year Grinnell Mutual received an 'A' rating.[2] Grinnell Mutual is the 114th largest property-casualty insurance company in the U.S.
Grinnell Mutual is the largest direct reinsurer of farm mutual companies in North America. With its member mutuals, it has over $1 Billion in combined written premium and $132 Billion insurance in force.[citation needed]
History
In 1909, the company was formed in Greenfield, Iowa as "Iowa Farmers Mutual Reinsurance Association" by John Evans to provide reinsurance for county mutuals in Iowa.[3] In 1933, the company moved to Grinnell, Iowa and changed their name to "Farmers Mutual Reinsurance Association".[3] The name changed again in 1948 to "Farmers Mutual Reinsurance Company".[3] The current name, "Grinnell Mutual Reinsurance Company," was adopted in 1963.[3]
Awards
In addition to its 'A' rating from A.M. Best, Grinnell Mutual has been recognized as an Iowa Top Workplace[4] for five consecutive years.[5]
Related Companies
- Big M Agency, Inc - Other lines of insurance[6]
- Grinnell Select - An auto insurance provider
References
- ^ "Grinnell Mutual Reinsurance Company". A.M. Best Rating Services. A.M. Best Rating Services. Retrieved 2016-03-08.
- ^ "Grinnell Mutual receives 'A' rating from A.M. Best for 25 consecutive years". Grinnell Mutual Reinsurance Company. Grinnell Mutual Reinsurance Company. Archived from the original on 20 April 2016. Retrieved 8 March 2016.
- ^ a b c d "Our 100 years". Grinnell Mutual Reinsurance Company. Archived from the original on 15 March 2016. Retrieved 8 March 2016.
- ^ "About Grinnell Mutual Reinsurance Company". Iowa Top Workplaces. The Des Moines Register. Retrieved 8 March 2016.
- ^ "Grinnell Mutual named to 150 Top Workplaces for fifth consecutive year". Grinnell Mutual Reinsurance Company. Archived from the original on 9 March 2016.
- ^ "Big M Agency". Big M Agency. Grinnell Mutual Reinsurance Company. Retrieved 8 March 2016.
External links
- Grinnell Mutual Homepage
- Iowa Insurance Division Examination Report
- Grinnell Mutual, "Our 100 Years"
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