TMG Insurance Services, LLC (“The Mutual Group” or the “Company”), an integrated insurance operations platform serving the mutual industry, today announced that Peter Houston, an experienced financial services leader, has joined as chief growth officer and head of corporate development. Houston brings deep expertise in the mutual insurance sector to The Mutual Group, along with 15 years of insurance transaction and advisory experience.
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In this newly created role, Houston will spearhead The Mutual Group’s comprehensive acquisition and growth strategy. Reporting to CEO Tim Fleming, he will lead the development and execution of the Company’s deals process, partnering with the broader executive team to identify, evaluate, and integrate new members.
Houston joins from Keefe, Bruyette & Woods, Inc. (“KBW”), a leading specialist investment bank to the financial services and fintech sectors. Most recently a managing director, Houston advised insurance companies on corporate finance transactions, including mergers and acquisitions, public and private capital raising, affiliations, divestitures, and restructurings. He is a graduate of Williams College.
“Peter brings a proven track record of successfully advising on numerous transactions involving mutuals and specialty P&C carriers and firsthand experience working with and advising mutual insurance company boards,” said Fleming. “His industry expertise, broad network of relationships and deep understanding of complex insurance deals will be invaluable as we accelerate our growth and strengthen our impact in the industry. We are excited to welcome Peter to the team.”
“The Mutual Group is reshaping how mutual insurers tackle today’s challenges by bringing forward-thinking solutions that strengthen their ability to compete and thrive,” said Houston. “I have followed The Mutual Group since its inception and am eager to partner with Tim and the leadership team to identify strategic opportunities that enhance our platform, deliver exceptional value to our members, and provide operational scale and capital solutions for mutual insurers seeking sustainable, long-term success.”
About The Mutual Group
The Mutual Group offers a long-term solution for capital and operational support and is dedicated to the success and independence of mutual insurance carriers. Based in West Des Moines, Iowa, The Mutual Group and its more than 400 employees support the company’s four service verticals: underwriting, claims, corporate services and technology. The Mutual Group is a Bain Capital Insurance Portfolio Company and has more than $800 million in annual premium serviced across 50,000 commercial policyholders. The company is led by a group of seasoned industry experts with deep experience in leading innovative insurance companies across a variety of subsectors. The Mutual Group is Certified™ by Great Place To Work®. For more information, please visit TheMutualGroup.com.
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Contacts
Charlyn Lusk
Stanton
clusk@stantonprm.com
