BNET Industries
Market Cap:$54.6M
Last Fiscal Year Sales:$76.1M
- Private
- US
Dow Jones Description
We are a regional property and casualty company whose strong financial foundation and successful operating strategies have earned us a rating of "A-" (Excellent) by A.M. Best Company, the nation's leading insurance rating organization. Penn Millers writes competitive products through quality, professional independent insurance agents in eight (8) Northeastern, Mid-Atlantic and Southern states and competitive agribusiness products through quality, professional independent insurance agents and brokers in 33 states throughout the continental United States.
President & CEO
Douglas A GaudetNumber of Employees 147
Contact Information
72 N Franklin St
Wilkes Barre, Pennsylvania 18701
(570) 822-8111
Peer Companies
NAICS Code Direct Property and Casualty Insurance Carriers: 524126
Recent Events
-
Penn Millers Reports Third Quarter and Nine Months Results Ended September 30, 2009
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Douglas A Gaudet | President & CEO |
| Michael O. Banks | CFO, Chief Accounting Officer & Treasurer |
| Kenneth Ackerman | Director |
| Penn Star |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| J Harvey Sproul | Chairman |
| Dorrance R. Belin | Board of Directors |
| F Kenneth Ackerman | Vice Chairman |
| Heather M Acker | Board of Directors |
| James M Revie | Board of Directors |
| John J Joyce | Board of Directors |
| John L Churnetski | Board of Directors |
| John M Coleman | Board of Directors |
| Kim E. Michelstein | Board of Directors |
| Robert A Nearing | Board of Directors |
| William A Ray | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | President & CEO | Current |
| Penn Millers Insurance Co. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | CFO, Chief Accounting Officer & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | Director | Current |
| Penn Millers Insurance Co. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | Current |
Mr. Sproul has served as Chairman of Penn Millers Mutual Holding Company and all its affiliates since April 17, 2002 and as a Director since 1990. He is President of H.B. Sproul Construction Company in Clarks Summit, Pa.
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | Chairman | Current |
| Penn Millers Insurance Co. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | Board of Directors | Current |
Mr. Ackerman has served as Vice Chairman of Penn Millers Mutual Holding Company and all its affiliates since January 29, 2003 and as a Director since 1979. He is President of Clark/Bardes Consulting - Healthcare Group in Minneapolis, MN.
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | Vice Chairman | Current |
| Penn Millers Insurance Co. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | Board of Directors | Current |
| Imms, Inc. | Board of Directors | Current |
| St. Joseph's Parish | Board of Directors | Current |
| King's College | Former | |
| Dickinson College | Former |
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | Board of Directors | Current |
Mr. Coleman is Chief Operating Officer of NCI Consulting LLC, a strategic management consulting firm located in Moorestown, NJ. He has served as a Director since 2007.
| Organization | Position | Status |
|---|---|---|
| NCI Consulting | Chief Operating Officer | Current |
| Penn Millers Insurance Co. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | Board of Directors | Current |
Mr. Ray is retired from Towers Perrin Reinsurance in Philadelphia, Pa., where he was a Senior Vice President and Principal and has served as a Director since 2001.
| Organization | Position | Status |
|---|---|---|
| Penn Millers Insurance Co. | Board of Directors | Current |
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