The Mutual Group Appoints Vineet Bansal as Chief Information and Technology Officer
PRESS RELEASE
West Des Moines, IA – March 17, 2025 – TMG Insurance Services, LLC (“The Mutual Group” or the “Company”), an integrated insurance operations platform serving the mutual industry, today announced that Vineet Bansal has joined the Company as chief information and technology officer. Bansal brings over two decades of global experience in technology leadership across financial services, insurance and private equity-backed companies. He has a proven track record of scaling and modernizing businesses by integrating specialized technology platforms and leveraging digital solutions.
Bansal will spearhead the Company’s overall technology strategy, driving innovation, operational efficiency and digital transformation to support the firm’s continued growth. He will oversee all aspects of The Mutual Group’s technology platform, enterprise applications, data analytics, infrastructure, cybersecurity and IT strategy, playing a key role in integrating new members and ensuring seamless operations across the organization.
“Technology is a core pillar of our strategy to drive innovation and efficiency for our mutual insurance members,” said Patrick Markowski, chief operating officer. “We are thrilled to welcome Vineet to the team and leverage his deep acumen and expertise in modern solutions, including cloud computing, artificial intelligence and automation, which will play a critical role in the continued development of our leading-edge solutions platform.”
Previously, Bansal served as chief information and technology officer at Oncourse Home Solutions, a portfolio company of Apax Partners, where he led a major carveout, drove several technology transformation initiatives and spearheaded M&A activities. He has also held C-level roles at Intact Specialty Insurance and IptiQ, a subsidiary of Swiss Re, and served as vice president at Fidelity Investments. Bansal is a graduate of Indore University and Nagpur University and completed the Advanced Management Program at The Wharton School.
“Since launching last year, The Mutual Group has built an impressive technology ecosystem that supports its members with scalable, high-impact solutions that improve and upgrade their operations,” said Bansal. “I look forward to partnering with Patrick and the rest of the leadership team to further strengthen our offerings, integrate new digital capabilities and ensure our members maintain a competitive technology advantage.”
About The Mutual Group
The Mutual Group offers a long-term solution for capital and operational support 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.