BUCYRUS—Ohio Mutual Insurance Group has announced its plans to merge with United Mutual Insurance Company, based in Medford, Wisconsin, under Ohio Mutual’s mutual holding company structure. The boards of directors for both organizations have approved the transaction on May 17, pending regulatory approval and a vote of United Mutual policyholders.

The merger is expected to be finalized in the third quarter of 2023.

Established in 1878, United Mutual currently serves nearly 6,000 policyholders in North Central and Western Wisconsin through a network of approximately 40 independent agencies.

Mark C. Russell, Ohio Mutual President & CEO, expressed the company’s commitment to expanding its reach and diversifying its geographic footprint. “Ohio Mutual is constantly on the lookout for great companies, and United Mutual met our high standards to become an addition to the Ohio Mutual Insurance Group,” he said. Russell further emphasized the excitement in partnering and growing together with the quality United Mutual team and agent partners, as well as the opportunity to enter the Wisconsin market.

Tony Wilke, President & CEO of United Mutual, highlighted the benefits this merger would bring to its members. “This transaction offers a number of benefits for our members. We will continue to offer our current products and provide service through our agent network and the United Mutual brand,” said Wilke. He further noted that United Mutual members would continue to receive mutual benefits as part of the Ohio Mutual Insurance Group, and the merger would allow them to benefit from an expanded range of products, an increased geographic reach, and the financial strength of Ohio Mutual’s reinsurance program.

Ohio Mutual Insurance Group, founded in 1901 and headquartered in Bucyrus, OH, collaborates with nearly 400 independent agencies to distribute high-quality property and casualty insurance products across several states, including Connecticut, Indiana, Maine, New Hampshire, Ohio, Rhode Island, and Vermont. The company has consistently maintained an “A/Stable” rating from A.M. Best Co. for the past 30 years and has been honored with inclusion in the Ward’s 50 list nine times since 2009.

For more information about Ohio Mutual Insurance Group, please visit their website at omig.com.