New vice president of Actuarial Services at Grinnell Mutual

Grinnell Mutual has named Rick Osborn as its new vice president of Actuarial Services, a new division at the company, effective Jan. 17, 2025.

The division was created last year to bring all the company’s actuarial expertise under one umbrella, and to expand capabilities in the granular pricing and predictive modeling that is becoming more and more important in the industry.

Osborn joins Grinnell Mutual with more than 29 years’ experience in actuarial work for the insurance industry, 16 of those at an assistant vice president or vice president level. He worked for more than 20 years at Nationwide Insurance in various roles. 

Osborn started his career as an assistant actuary and worked at Grinnell Mutual from 1998 to 1999, and the company is excited to have him back on the Grinnell Mutual team.

President Dave Wingert said, “I’m looking forward to Rick being part of our Grinnell Mutual leadership team and to work closely with our actuarial group as they enhance and expand our capabilities, which are so critical in today’s property-casualty industry.”

The position is the top leadership position in the Actuarial Services division and reports to the president. Osborn’s role includes overseeing product pricing, valuation, capital modeling, actuarial analysis, and reporting for both direct lines of business and assumed reinsurance. He will also oversee strategic and operational activities for the actuarial teams. 

“I am excited to join Grinnell Mutual and lead the Actuarial Services team to support the goals of the company,” Osborn said.

Osborn grew up in Grinnell, Iowa, and is a graduate of Grinnell College in his hometown, where he earned a Bachelor of Arts in Mathematics. He also holds CPCU and FCAS designations. 

He and his wife, Tari, have four grown children and live in Johnston, Iowa.