Pharmacists Mutual Announces Edward J. Yorty as New President

By LAURIE HARMS | Pharmacists Mutual Companies

Pharmacists Mutual Insurance Company Board of Directors has named Edward J. Yorty to serve as the company’s President. Yorty was also elected Director to the Pharmacists Mutual Insurance Company and The Pharmacists Life Insurance Company Boards.

Ed Yorty has over 20 years of experience in the insurance industry, including the last 15 years working for mutual insurance companies. Most recently, he served as CFO of Oregon Mutual Insurance and prior to that, he served the physicians and dentists of Maryland, Pennsylvania, Virginia, and Washington D.C. as Vice President and Actuary at Medical Mutual Liability Insurance Society of Maryland.

Yorty is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. He has a Bachelor of Science Degree in Meteorology from Pennsylvania State University, and he is currently enrolled in Northeastern University’s Master of Finance Program.

Chief Executive Officer, Ed Berg, stated, “The Pharmacists Mutual Board of Directors conducted a nationwide search for my successor, and we are very pleased to find someone with Ed Yorty’s experience and credentials. We believe he will continue our company’s legacy of forward thinking operations coupled with the highest level of emphasis on customer service and value. In addition, Ed will be visible and active in the pharmacy community as well as in our home office community of Algona, Iowa.”

Ed and his wife, Tammy, have settled into Algona with their three dogs. When Ed is not working, he enjoys running with his dogs and has run Oregon’s 200 mile Hood to Coast Relay six times. He also enjoys skiing, reading and learning German.

Ed Berg will continue as Pharmacists Mutual Companies CEO until spring 2012 when Ed Yorty will succeed him as President and CEO.

Pharmacists Mutual Companies are licensed in 49 states and the District of Columbia, and serve over 70,000 customers. Pharmacists Mutual Companies provide business, personal, life, health, and investment products for its core markets of pharmacy, home medical/home health, and card & gift stores. Learn more at www.phmic.com or call 800.247.5930. or 573.519.4551

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