Date of Release: January 6, 2022

During Mr. Babiak’s time as CEO, Hastings Mutual’s surplus grew to over $560 million. The company’s total assets have grown to over $1 billion, and Direct Written Premium has increased to just under $400 million. Under Joe’s leadership, the company has undertaken a complete modernization of operations, including all core systems, company website, agent portal, enhanced cybersecurity, robotic process automation, data warehouse, and state of the art data reporting tools. In addition, a complete modernization of the home office facility was completed in 2021.

Ms. Beauford joined Hastings Mutual as Director of Field Claim Operations in 2007 and was promoted to Vice President – Chief Claim Officer in 2012. Over the past 10 years, she has gained executive leadership experience in Actuarial Services, Product Development, Marketing, Claim, and Underwriting. Ms. Beauford most recently held the position of Senior Vice President of Operations in preparation for this planned succession.
Ms. Beauford earned her Bachelor of Science in Management from Purdue University. Her insurance designations include Associate in Claims and Senior Claim Law Associate. For the past 10 years, Ms. Beauford has served on the Board of Directors for several community organizations.
The company would like to thank Mr. Babiak for his strong leadership and vision over the past 21 years. We congratulate him on his retirement. We wish a warm welcome to Ms. Beauford as our new President and CEO.