
Mr. Babiak joined Hastings Mutual in
2001 as the Vice President of Financial Services. Mr. Babiak also served as the Senior Vice President of Insurance
Operations before being selected President and CEO in 2012. Renee Beauford, Senior Vice President of Operations, has
been selected to succeed Mr. Babiak as President and CEO.
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 was selected to take on the
role of President and CEO at Hastings Mutual as part of an organized, long-term succession plan. She has nearly 30 years
of experience and knowledge of the insurance industry, and her broad management and executive leadership experience make
her an ideal candidate to fill this position.
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.
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