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Madison Mutual Insurance Company is dedicated to providing exceptional insurance products and service to our members and agency partners at competitive prices.
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.
Nick has been part of Madison Mutual since 2019, where he has held the position of Vice President of Operations and Chief Actuary for the past five years. With over 40 years of experience in the insurance sector, along with his background in diverse business environments across the U.S., Nick and his dedication to furthering MMIC's mission is why his leadership as President will usher the company into the future.
Scott joined Madison Mutual in 2025, with 30 years of P&C insurance experience in personal and commercial lines, with a focus in underwriting, product, customer experience, and sales. He has held numerous leadership roles at national, regional, and single-state insurers. Additionally, Scott served for 24 years in the Army National Guard, earning the Bronze Star Medal twice for meritorious service during wartime deployments to the Middle East.
Allah Rakha Sheikh is the Chief Information Officer (CIO) and Product Development Director at Madison Mutual Insurance Company. In this leadership role, he drives the strategic vision and execution of the company’s technology and product initiatives, positioning them as key catalysts for innovation and competitive advantage. With over 20 years of extensive experience in Information Technology and product development, Sheikh is a results-oriented leader recognized for architecting scalable systems, leading high-performance teams, and delivering transformative digital solutions that elevate business performance. He excels at aligning technology and product strategies with core business objectives-enhancing operational efficiency, advancing customer experience, and fueling sustainable, long-term growth.
Suzi joined Madison Mutual in 2010 as a staff accountant. In 2013, she completed her MBA from Southern Illinois University Edwardsville and was promoted to Accounting Supervisor in 2016. In 2025, she was promoted to Controller & Corporate Director. Suzi leads the accounting department and together they are responsible for all financial management aspects of Madison Mutual, including budgeting, reporting, and regulatory compliance.
