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Steve Sliver Retires as MBG’s President and CEO

Steven C. Sliver of Huntingdon retired Dec. 30, 2022, from his position as President and CEO of Mutual Benefit Group (MBG). His insurance career spanned 45 years, 30 of which he spent at Mutual Benefit.

“I have been honored to lead Mutual Benefit throughout my career and humbled by the wonderful people that I’ve been privileged to lead,” says Sliver. “All of my colleagues past and present have worked diligently to make Mutual Benefit a great place to work and a wonderful company to be insured by.  I have been blessed to work in the mutual insurance industry for most of my career because of our industry’s honorable mission.  We help people on the worst day of their lives, allowing them to overcome their loss and get back to normal as quickly as possible.  Additionally, one of the great pleasures of my Mutual Benefit career was the privilege to meet so many great agents without whom Mutual Benefit would not have prospered.”

A native of York, Pennsylvania, Sliver earned his bachelor’s degree in economics from the Wharton School at the University of Pennsylvania. A certified public accountant, he held positions with Peat Marwick, Millers Muual Insurance Company and Pennsylvania Blue Shield prior to joining Mutual Benefit.

In 1992, he accepted the position of President of Mutual Benefit Insurance Company, Huntingdon. The only employee at the time, he was tasked with developing the fledgling insurance company into an insurer with a public persona distinct from its well-known management company, Swigart Associates. In 1997, Mutual Benefit Insurance Company purchased its management company and become owner of five subsidiaries. The new organization was named Mutual Benefit Group and Sliver was named CEO.

During Sliver’s tenure at MBG, the company doubled its premium writings within eight years from $47 million in 1998 to $100 million in 2006. By 2004, the Company had grown so much that it added a 43,000-square-foot addition to its six-building office complex in Huntingdon. By 2008, assets had increased 85% and in-force policies by 53%. The number of employees grew from140 to more than 200. In 2009, MBG celebrated its 100th year in business. Ten years later, the firm set a written premium record of $128 million. In 2021 policyholder surplus hit an all-time high of $144 million.

In addition, MBG became the first insurance company globally to go live with Duck Creek Claims OnDemand, a cloud-based Software as a Service (SaaS) platform. MBG was named among the Best Places to Work in Pennsylvania nine times while Sliver was at the helm, and was listed among the top 100 Companies in Central Pennsylvania 13 times.

Sliver’s experience, influence and leadership in the insurance industry led to his service as Chairman of the Board of Directors of the National Association of Mutual Insurance Companies (NAMIC) for 2021-22. NAMIC supports regional and local mutual insurance companies on main streets across America, farm mutualsthroughout the country and many of the country’s largest national insurers via leadership in advocacy, public policy and business support services.  Sliver joined the NAMIC board in 2010.  He held the office of secretary/treasurer from 2016-2019 and served on the NAMIC Insurance Company (NAMICO) Board of Directors from 2013-2016.

In 2019, he was elected vice chairman of NAMIC’s board of directors. Upon accepting the role, he committed to four years of board leadership with NAMIC. He completed a term as the board’s chairman-elect prior to taking on his role as chairman. He will continue to serve on the board as a past chair through 2023.

Sliver currently serves on the FNB Central Mountain Region Community Bank Board. He is a past president of the Pennsylvania Association of Mutual Insurance Companies and served on the Insurance Advisory Board for Accenture, a leading global professional services company working to help clients improve the performance of their business operations.

His community activities through the years have included service as a school board director; a classroom consultant and board member for Junior Achievement; a member of the board of directors and a campaign co-chair for United Way of Huntingdon County; Rotary Club president; and president of Huntingdon County Business and Industry. He recently served as the percussion instructor for the Huntingdon Area High School Marching Band.

Under his leadership, MBG contributed to the community in numerous ways, most notably by supporting volunteer firefighters; contributing to educational programs for area children through the Huntingdon Community Center and the Huntingdon County Library; and donating toward the building of Huntingdon’s Convenient Care Center.

Honored multiple times as an Entrepreneur of the Year and one of the Top 100 People of the Year by Pennsylvania Business Central, Sliver was also named Insurance Industry Person of the Year in 2000.

He and his wife, Julie, reside in Huntingdon. They have four children and two grandchildren.