MEMBER COMPANIES
FIVE COMPANIES … ONE SOLUTION … MUTUAL RE
Since 1921, Mutual Re has provided insurance companies with secure, financial backing from its assuming companies. Mutual Re’s member companies include the five assuming companies listed below that jointly provide over $5 billion dollars in policyholders’ surplus, standing strongly behind all of Mutual Re’s reinsurance commitments.
Motorists Mutual Insurance Company is a member of Encova Insurance, a super-regional carrier ranked in the top 20 mutual insurance companies in the United States. Encova includes more than 1,200 associates writing in 28 states and the District of Columbia, premiums in excess of $1.4 billion, a surplus in excess of $2.2 billion and assets in excess of $5.4 billion. The group markets insurance solutions through more than 2,000 independent agencies in the Midwest, Northeast and South. The A.M. Best Rating for Motorists is A (Excellent).
Farm Bureau Mutual Insurance Company of Michigan is part of Michigan Farm Bureau Group (Michigan’s largest general farm organization), providing a full range of insurance products and services for their policyholders: home, auto, farm, and business. Farm Bureau of Michigan has total assets over $1.8 billion and has been profitably providing insurance protection to Michigan policyholders since 1949. The A.M. Best rating for Farm Bureau of Michigan is A- (Excellent).
Kentucky Farm Bureau Mutual Insurance Company is the largest domiciled property and casualty insurer in Kentucky and has been providing insurance services since 1943. Kentucky Farm Bureau Mutual Insurance Company has a policyholders’ surplus over $1.7 billion and total assets over $3.4 billion. The A.M. Best rating for Kentucky Farm Bureau is A- (Excellent).
Mutual Assurance Society of Virginia, founded in 1794, is one of the oldest mutual insurance companies in the United States. The Society provides homeowners insurance exclusively to members throughout Virginia, operating under a unique perpetual mutual structure that emphasizes long-term value, financial strength, and policyholder alignment. Headquartered in Richmond, Virginia, Mutual Assurance has built a reputation for disciplined underwriting, strong capitalization, and responsive service. The A.M. Best rating for Mutual Assurance is A (Excellent).
Topsail Re is a privately held, market leader in structured reinsurance. Our portfolio is comprised of property and casualty exposures, both personal and commercial. Topsail’s strategy is one of underwriting discipline with developing long-term, profitable relationships with like-minded clients, intermediaries, and partners. We are a lead broker market for solution-oriented capacity. Our actuarial and underwriting team members have extensive experience working in and reinsuring the regional mutual space. Topsail Re is a US tax paying entity under section 953(d) of the US tax code.