July 21, 2017 9:15 PM ET

Insurance

Company Overview of The Beacon Mutual Insurance Company

Company Overview

The Beacon Mutual Insurance Company is a mutual workers' compensation insurance carrier that provides workers' compensation and related insurance solutions for businesses in Rhode Island. It offers services through its independent insurance agents. The company was formerly known as State Compensation Insurance Fund and changed its name to The Beacon Mutual Insurance Company in August 1992. The Beacon Mutual Insurance Company was founded in 1990 and is headquartered in Warwick, Rhode Island.

One Beacon Centre

Warwick, RI 02886-1378

United States

Founded in 1990

Phone:

401-825-2667

Fax:

401-825-2607

Key Executives for The Beacon Mutual Insurance Company

President, CEO & Director
Executive VP & COO
VP & General Counsel
Secretary and Director
Vice President of Human Resources
Compensation as of Fiscal Year 2017.

The Beacon Mutual Insurance Company Key Developments

Beacon Mutual Insurance Co Announces Executive Changes

Beacon Mutual Insurance Co has appointed Brian Spero as its president and chief executive officer. The appointment will be effective from July 1, 2017. Spero has replaced James Rosati. Currently, Spero serves at Beacon Mutual Insurance as an executive vice president, chief operating officer and general counsel. Previously, he also worked for Patridge, Snow & Hahn LLP.

The Beacon Mutual Insurance Company Announces Dividends to the Policyholders

The Beacon Mutual Insurance Company announced that it will issue a 2% dividend payment to its more than 12,000 policyholders. The company will begin issuing the dividend during the second quarter of 2016. The dividend will be distributed to all policyholders insured by the company as of December 30, 2015, who have been insured for one year and whose premiums are paid in full.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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