Mission Statement

Madison Mutual Insurance Company is dedicated to providing exceptional insurance products and service to our members and agency partners at competitive prices.

Our History

Madison Mutual was born because of one man who took action. In 1919, a man named Joseph Hlad was unsatisfied with the way his insurance company handled his claim after an auto accident. The owner of a local general store in Mont Station, Illinois, Hlad decided to take the matter in his own hands and develop his own auto insurance company.

Convincing 265 of his neighbors to contribute $20 each to form the company, Hlad created Madison County Mutual Auto Insurance Company, which opened for business in January 1920 inside Hlad’s general store.

Until the early 1980s, Madison Mutual exclusively wrote auto insurance policies, but that all changed in 1983 when the newly named Madison Mutual Insurance Company expanded into Home, Farm and Personal Umbrella lines. Madison Mutual currently serves customers in Illinois, Missouri, Indiana and Wisconsin.

Our Leadership

Michael H Wenos

President | CPCU, AIC

Mike joined Madison Mutual in 2001, as Director of Claims and was promoted to Corporate Vice President in 2005. He was named President and elected to the Madison Mutual Board of Directors in 2008.

Ann Frank

Vice President & Treasurer

Ann began her story at Madison Mutual as Controller in 1998. She was promoted to Treasurer in 2005, and Corporate Vice President and Treasurer in 2008. Ann is responsible for all financial management aspects of Madison Mutual’s operations, while serving as a member of the executive leadership team as well as multiple committees.

Nick Lannutti

Vice President of Operations and Chief Actuary

Nick joined Madison Mutual in 2019 with 34 years of experience under his belt, with a variety of companies all over the United States. As Chief Actuary and Director of Business Development, he is responsible for Marketing, Policy Services Call Center, Underwriting, and Actuarial functions with a strong staff reporting to him.

Allah Rakha Sheikh

Director of IT

Allah Rakha Sheikh leads the IT department as IT Director for Madison Mutual Insurance Company. In this role, Sheikh is responsible for overseeing the development and execution of all IT strategic initiatives. He has more than 18 years of experience in all facets of Information technology.

Board of Directors

Dennis M. Terry

Chairman of the Board
Retired Senior Vice President, First Mid Bank & Trust

John R. Motley

Retired President, Richards Brick Company

Gregory W. Coffey

Retired CPA and Attorney, Mathis, Marifian & Richter, Ltd.

Michael H. Wenos

President, Madison Mutual Insurance Company

Richard J. Mark

Retired President, Ameren Illinois

Darlene "Dee" McDonald

Executive Vice President, J.F. Electric/Utilitra