Frequently Asked Questions
What is The Mutual Group?
TMG is an innovative membership-based partnership model that pairs permanent equity capital with deep insurance expertise and resources. We help member carriers unlock new opportunities, elevate underwriting performance and innovate at technology frontiers. Unlike typical vendors or consultants, The Mutual Group offers a long-term solution that combines our resources with our member companies’ existing expertise and capabilities to enhance their competitiveness without compromising what makes them special.
What does The Mutual Group bring to bear for members?
- Aligned Capital: Permanent funding designed specifically for mutual company balance sheets
- Underwriting-Focused Resources: Seasoned talent, analytics and product development support
- Modern Technology: Cloud-based core systems and data platforms that give independent mutuals national-scale capabilities while letting them remain community-rooted and policyholder-owned
What challenges does The Mutual Group address for its members?
- Constrained access to cost-effective capital
- Limited operational and platform scale that can compromise independence
- Rising costs and complexity of technology upgrades and implementation
- Cost-prohibitive reinsurance spend
- Management succession, and attraction and retention of top talent
What are the benefits of The Mutual Group's technology platform?
The Mutual Group’s modern technology platform relieves member company CEOs and other executives of the burden of continually managing technology projects and technology budgets, allowing them to instead focus their time and energy on strategy and moving their company forward.
How does The Mutual Group help mutuals to improve?
By combining our capital, scale and best-practice tools with your local market knowledge and brand strength, we create a multiplier effect: lower operating friction, faster product innovation, better data-driven decisions and sustainable, profitable growth of premium and surplus — all while you stay fully independent.
Which insurers can become members of The Mutual Group?
We partner with mutual carriers that are fundamentally sound — those that have solid balance sheets, proven underwriting discipline, forward-looking leadership and strong brand presence — but need additional capital or capabilities to reach their next horizon on an accelerated timeline. Every situation is unique; let’s talk to see if we’re the right fit.
What are the origins of The Mutual Group?
The Mutual Group originated from the Bain Capital Insurance team's observation that mutual insurers were underserved by traditional capital markets. They identified a need for a solution that combined capital with leading operational capabilities. Opportunities were explored and the idea culminated when GuideOne Insurance sought a capital solution in 2023, leading to a transaction that founded The Mutual Group in December of that year.