Grinnell Mutual

Grinnell Mutual
Mutual
Industry Insurance, Reinsurance
Founded April 17, 1909
Headquarters Grinnell, Iowa, USA
Key people
 Larry Jansen, President & CEO
Number of employees
 777
Website grinnellmutual.com

Grinnell Mutual is a mutual reinsurance company based in Grinnell, Iowa, United States. The company operates in 15 states.

Business performance

On January 24, 2017 A.M. Best issued an 'A' (Excellent) rating for financial strength and an 'a' and stable outlook long-term issuer credit rating. for Grinnell Mutual.[1] This was the 26th consecutive year Grinnell Mutual received an 'A' rating for financial strength.[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.

History

In business since 1909, Grinnell Mutual is the 114th-largest property casualty insurance company in the United States and the largest primary reinsurer of farm mutual companies in North America. The company provides reinsurance for farm mutual insurance companies as well as property and casualty insurance. Its products are available in 15 states.

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 its name to "Farmers Mutual Reinsurance Association". [3] The name changed again in 1948 to "Farmers Mutual Reinsurance Company".[3] The current legal name, "Grinnell Mutual Reinsurance Company," was adopted in 1963.[3] The company adopted the “Grinnell Mutual” and “Grinnell Re" brands in 2017.

Awards”

In addition to its 'A' rating from A.M. Best, Grinnell Mutual has been recognized as an Iowa Top Workplace[4] for six consecutive years.[5]

Grinnell Select Insurance Company, a subsidiary of Grinnell Mutual, was named the Number One Best Value [6]for auto insurance in North Dakota and Missouri for the year 2016.

References

Grinnell Select Insurance Company named #1 Best Value for auto insurance for North Dakota and Missouri for the year 2016.|URL= https://www.streetinsider.com/Press+Releases/Grinnell+Select+Insurance+Wins+ValChoice+Award+for+%231+Best+Value+for+Car+Insurance/13159693.html.

  1. ↑ "Grinnell Mutual Reinsurance Company". A.M. Best Rating Services. A.M. Best Rating Services. Retrieved 2017-03-14.
  2. ↑ "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.
  3. 1 2 3 4 "Our 100 years". Grinnell Mutual Reinsurance Company. Archived from the original on 15 March 2016. Retrieved 8 March 2016.
  4. ↑ "About Grinnell Mutual Reinsurance Company". Iowa Top Workplaces. The Des Moines Register. Retrieved 8 March 2016.
  5. ↑ "Grinnell Mutual named to 150 Top Workplaces for a sixth consecutive year". Grinnell Mutual Reinsurance Company. Archived from the original on 19 September 2016.
  6. ↑ https://www.streetinsider.com/Press+Releases/Grinnell+Select+Insurance+Wins+ValChoice+Award+for+%231+Best+Value+for+Car+Insurance/13159693.html. Missing or empty |title= (help)
  7. ↑ "Grinnell Specialty Agency". Grinnell Specialty Agency. Grinnell Mutual Reinsurance Company. Retrieved 14 March 2017.
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