#USA #Board of Directors #Bel Air #Harford Mutual #Theodore Alexander

Board Changes Announced by Harford Mutual Insurance Group

On May 30, 2025, Harford Mutual Insurance Group (HMIG) disclosed significant updates regarding its Board of Directors following their recent Annual Meeting of Policyholders. The changes will be effective from May 21, 2025, marking an essential evolution in the organization's leadership.

During this pivotal meeting, John J. DeMartini, Sean M. Garber, and Teresa Q. McTague were successfully reelected as board members. This continuity signifies the confidence placed in these individuals, with DeMartini and Garber having joined the board in 2023, while McTague has been a member since 2021.

In a noteworthy addition to the board, Theodore M. Alexander III has been newly elected. A seasoned figure in the investment sector, Alexander brings approximately 40 years of expertise to the table. He currently serves as the Head of Global Integrated Equity at T. Rowe Price, where he has made substantial contributions to investment strategies that can further empower HMIG’s direction.

As part of the restructuring, Harford Mutual expressed gratitude toward four retiring board members: Atwood Collins III, Albert J. Mezzanotte Jr., Spencer M. Roman, and Stephen T. Scott, who once chaired the board from 2013 to 2019. Their tenure, which collectively spans over 80 years, has left a profound impact on the company's progression, reinforcing the foundation that propels Harford Mutual into its future ventures.

About Harford Mutual Insurance Group

Established in 1842 in Harford County, Maryland, Harford Mutual Insurance Group provides a robust portfolio of commercial property and casualty insurance offerings to a regional clientele. The organization's esteemed reputation is underscored by its impressive premium figures, concluding 2024 with over $465 million in direct written premiums. These premiums are distributed through a network of independent agents across twelve states and Washington, D.C. The organization’s financial stability is reinforced by its A (Excellent) rating from A.M. Best, showcasing its reliability within the insurance sector.

The annual meeting not only reflects HMIG’s commitment to governance but also illustrates its proactivity in seeking out leadership that aligns with its strategic objectives. As it adapts to current market trends and challenges, the fresh insights provided by new board members like Theodore Alexander are poised to guide Harford Mutual in the ever-evolving landscape of the insurance industry.

For additional information about Harford Mutual Insurance Group, please visit www.HarfordMutual.com.