Bain Capital Insurance Invests $200 Million Into Guideone Insurance Company To Launch Innovative New Platform Dedicated To Mutuals | GuideOne Insurance
Summary
The Mutual Group will launch with approximately $800 million in annual premium serviced across 50,000 commercial policyholders by its over 400 employees, and is based in West Des Moines, Iowa. GuideOne will use the $200 million it received for becoming the inaugural member of The Mutual Group to strengthen its balance sheet and surplus position and to bolster its continued growth in support of policyholders. Our improved financial strength sets us on an exciting course for growth and opportunity to benefit our employees and our policyholders in our proven niche Religious Organizations, Nonprofit and Human Services, and Programs businesses. Driven by a diverse portfolio of property and liability insurance and risk management solutions, we strive to Make Positive Change Possible\xae by serving as a trusted partner to the people who strengthen and support our communities. Media Contacts: For Bain Capital Insurance:Charlyn Lusk / Thomas Conroy Stantonclusk@stantonprm.com / tconroy@stantonprm.com(646) 502-3549 / (646) 502-9006 For The Mutual Group & GuideOne:Lori ChappellContactUs@TheMutualGroup.com / Corporate-communications@guideone.com