Mutual Re
InsuranceIllinois, United States11-50 Employees
Mutual Re is a reinsurance company founded in 1921 and based in Cherry Valley, Illinois. It operates as a reinsurance underwriting association that diversifies risk for and among insurance companies in the United States, primarily serving small-to-mid sized mutual insurers through the broker market. The organization maintains a capital base in excess of $6 billion and stands behind a group of five assuming companies, including Church Mutual Insurance Company, Farm Bureau Mutual Insurance Company of Michigan, Kentucky Farm Bureau Mutual Insurance Company, Encova Insurance, and Renaissance Reinsurance U.S. Inc., with joint liability among them. Its purpose is to pool risk across member companies, providing stability through collective reinsurance capacity rather than standalone coverage. A recent leadership update indicates the appointment of a new chief financial officer in 2024. The company sits within the broader reinsurance industry and positions itself as a collaborative partner designed to diversify risk for mutual insurers.
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