Grinnell Mutual Reinsurance Company is a mutual reinsurance company based in Grinnell, Iowa, United States. The company operates in 15 states.
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Business performance
On December 10, 2015, A.M. Best issued an 'A' (Excellent) rating and stable outlook for Grinnell Mutual. This was the 25th consecutive year Grinnell Mutual received an 'A' rating. 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.
Grinnell Auto Insurance Video
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. In 1933, the company moved to Grinnell, Iowa and changed their name to "Farmers Mutual Reinsurance Association". The name changed again in 1948 to "Farmers Mutual Reinsurance Company". The current name, "Grinnell Mutual Reinsurance Company," was adopted in 1963.
Awards
In addition to its 'A' rating from A.M. Best, Grinnell Mutual has been recognized as an Iowa Top Workplace for six consecutive years.
Related Companies
- Big M Agency, Inc. - Other lines of insurance
- Grinnell Select - An auto insurance provider
Source of the article : Wikipedia
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