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1908
Fourteen businessmen in the oil industry boomtown of Corry, PA, form Corry Mutual Fire Insurance Company to protect their businesses from the threat of fire in “a town built entirely of wood.”
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1933
William Edward Marsh, long-time secretary/treasurer of Corry Mutual, decides the company needs “more aggressive management.
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1934
In 1908, in a small Pennsylvania town built entirely of wooden structures, 14 businessmen realized they needed a way to protect themselves from the threat of fire.
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1935
The first policy is issued under the Mutual Benefit name. From his Huntingdon headquarters, Swigart launches a host of entrepreneurial ventures that contribute to the growth of his insurance operation. He revises Mutual Benefit’s charter so it becomes one of the first companies in the region to offer comprehensive and collision coverage for vehicles financed through a bank or loan company.
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1948
Emmert Swigart establishes Mutual Benefit Casualty Company to offer auto and personal liability coverage.
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1949
Emmert Swigart dies, leaving his sons, John W. and William E. Jr., in charge of the business. John focuses on building a strong financial base and training a topnotch workforce. William concentrates on developing agency relationships and marketing.
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1951
Mutual Benefit Fire absorbs Mutual Benefit Casualty to become Mutual Benefit Insurance Company. An average policy sells for $17.
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1961
A third generation of the Swigart family, John Jr., joins the company, overseeing computerization of the business and assuming responsibility for company operations when his father retires.
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1979
The Company installs its first computer – an IBM 5110 – but there’s still plenty of paperwork.
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1983
Swigart Associates is handling $40 million in business as a managing general agent when the main firm it services decides to assume responsibility for its own management. Swigart’s makes the bold choice to build Mutual Benefit Insurance Company (which had only $6 million in business at the time) into a first-rate regional carrier in its own right.
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1992
Mutual Benefit has increased its premium writings by more than six times to $39 million, growing so much that it adds to its facilities by constructing the Oneida Building. Steve Sliver is hired as president of Mutual Benefit Insurance Company.
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1997
Swigart Associates is sold to Mutual Benefit Insurance Company. Mutual Benefit becomes the owner of five subsidiary companies as the result, and Steve Sliver is appointed chief executive officer.
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1998
Mutual Benefit Insurance Company celebrates its 90th year and unveils a new logo and a new name, Mutual Benefit Group (MBG).
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2005
MBG breaks ground for a 43,000-square-foot expansion project, The Cornerstone Building.
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2008
As Mutual Benefit marks its 100th year in business, CFO Joe Sloan names Tom Bailey an honorary member of the Board of Directors in recognition of his 62 years as a policyholder, holding the longest active policy on record during the Company’s centennial year.
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2014
For the fifth year in a row, MBG is named one of the Best Places to Work in Pennsylvania.
