SFM Mutual Insurance Co. News

Allen Promoted to Business Development Specialist at Minnesota’s SFM Mutual

Workers’ compensation carrier, SFM Mutual Insurance Co., headquartered in Bloomington, Minn., has promoted Cody Allen to a newly established business development specialist role. This position will focus on growth in existing business areas and new market opportunities. Allen has been …

AM Best Assigns A- Credit Ratings to Minnesota’s SFM Companies

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to SFM Mutual Insurance Co. and its affiliates, SFM Safe Insurance Co. and SFM Select Insurance Co., collectively known as SFM …

Miller Named President, CEO at Minnesota’s SFM Mutual

The board of directors at Bloomington, Minnesota-based SFM Mutual Insurance Co. has named Terry Miller president and chief executive officer of the organization. Miller’s promotion, effective Nov. 5, is the result of a leadership succession strategy that has been in …

4 New Insurers OK’d to Do Business in Arkansas

Arkansas Insurance Commissioner Allen Kerr has approved four new out-of-state companies to sell insurance products in Arkansas. The Arkansas Insurance Department (AID) has granted Certificates of Authority to Minnesota’s SFM Mutual Insurance Co., Wisconsin’s Glencar Insurance Co., Iowa’s Clermont Insurance …

SFM Mutual Insurance Acquires Minnesota’s Barrier Free Access

SFM Mutual Insurance Co., a Midwest regional workers’ compensation insurer, has acquired Barrier Free Access, a Byron, Minn.-based provider of safe patient handling products, design consultation and training to medical facilities throughout the Upper Midwest. Through selling and training on …

Miller Named Executive VP and COO at SFM Mutual Insurance

Terry Miller has been appointed executive vice president and chief operating officer at Bloomington, Minn.-based SFM Mutual Insurance Co. Miller was the company’s original controller. He rose through the ranks in his 30-plus years at SFM to become vice president …