Wisconsin’s United Mutual to Merge Into Ohio Mutual Holding Company Structure
Ohio Mutual Insurance Group announced that it has reached agreement to merge Medford, Wisconsin-based United Mutual Insurance Company as a subsidiary under Ohio Mutual’s mutual holding company structure. The boards of directors for both organizations voted on May 17 to approve the transaction, subject to regulatory approval and a vote of United Mutual policyholders.
The transaction is expected to be completed in the third quarter of 2023.
Founded in 1878, United Mutual currently serves nearly 6,000 policyholders in North Central and Western Wisconsin through a network of nearly 40 independent agencies.
Ohio Mutual Insurance Group, founded in 1901 and based in Bucyrus, Ohio, partners with nearly 400 independent agencies to distribute property and casualty insurance products throughout Connecticut, Indiana, Maine, New Hampshire, Ohio, Rhode Island, and Vermont.