Grinnell Mutual Reinsurance Co.GRINNELL MUTUAL Grinnell Mutual Reinsurance Company is a mutual reinsurance company based in Grinnell, Iowa. The company operates in ten midwestern states reinsuring over 280 mutual insurance companies. The company earned an "A" rating from AM Best for 2006. REINSURANCE The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. CO. has promoted STEVEN CRAWFORD to the newly created position of senior vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Crawford currently is senior vice president of Grinnell's reinsurance division. He has worked more than 30 years with the company in the reinsurance and marketing departments. |
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