News

Preferred Mutual Announces Finance, Risk & Compliance Leadership Appointments

Preferred Mutual Insurance Company has announced the appointments of Sara Cummings, Daniel DeThomas and Ronald Martin to new leadership roles within its Finance, Risk & Compliance organization.

These appointments strengthen Preferred Mutual’s leadership across accounting, risk, reinsurance, regulatory compliance and government affairs, supporting the company’s continued growth and long-term success.

Sara Cummings Appointed Controller

Sara Cummings has been appointed Controller and will continue leading Preferred Mutual’s accounting and finance operations while serving as a key strategic partner to the Chief Financial Officer and executive team. Since joining Preferred Mutual in 2017, Cummings has played an important role in developing the company’s accounting function, including leading the implementation of Flexi, Preferred Mutual’s general ledger system. In 2024, she was named a RISE Professionals 35 Under 35 Award recipient, an honor recognizing rising talent within the insurance industry.

Daniel DeThomas Appointed Senior Manager, Risk & Reinsurance

Daniel DeThomas has been appointed Senior Manager, Risk & Reinsurance. In addition to overseeing Enterprise Risk Management, vendor and contract management, business continuity planning and reinsurance, he will assume responsibility for Preferred Mutual’s rate filing and regulatory compliance activities. The expanded role will create greater alignment between the company’s compliance and risk functions. During his 15 years with Preferred Mutual, DeThomas has served in several areas of the organization, including Internal Audit and Accounting, developing broad experience across the company’s finance, risk and compliance functions.

Ronald Martin Appointed Vice President, Government & Industry Affairs

Ronald Martin has been appointed Vice President, Government & Industry Affairs after most recently serving as Vice President, Business Compliance & Research. In his new role, he will focus exclusively on advancing Preferred Mutual’s government affairs strategy and supporting the company’s strategic priorities through advocacy and relationships with state regulators, legislators, trade groups, agents and other insurance industry stakeholders. Throughout his 40 years with Preferred Mutual, Martin has held positions of increasing responsibility across the organization, including roles within Commercial Lines, Personal Lines and Research and Development. He brings extensive industry knowledge and expertise in insurance regulations and business compliance. In 2024, Martin received Big I New York’s Thom McDaniel Exemplar Award in recognition of his service and contributions to the insurance industry.

In their new roles, Cummings, DeThomas and Martin will lead key functions supporting Preferred Mutual’s financial operations, risk management, regulatory compliance and industry engagement.