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Builders Mutual Names Thomas B. Lockard Vice President and CFO

Thu Jul 2, 2009

Raleigh, N.C. – Builders Mutual Insurance Company is pleased to announce that Thomas B. Lockard has been named Vice President and CFO.  Lockard is the successor to John K. Boggs who was recently promoted to President and CEO of Builders Mutual.

“Although a newcomer to BMIC, Tom brings considerable insurance accounting knowledge and experience and he has added value to our company,” stated John K. Boggs, President and CEO of Builders Mutual.

Lockard, who has over 20 years experience in accounting and the insurance industry, joined Builders Mutual in 2008 as the Controller, responsible for the financial reporting of the company as well as all statutory filings with the Insurance Departments.  Prior to joining Builders Mutual, Lockard was employed by Atlantic Casualty Insurance Company and served as the Financial Manager, Controller and Chief Financial Officer during his tenure.  Lockard began his career as an Account Coordinator with Occidental Fire and Casualty Company and held other accounting positions during the course of his employment. 

Headquartered in Raleigh, Builders Mutual is one of the Southeast’s leading writers of commercial insurance for the residential and commercial construction industries and is rated A (“Excellent”) by A.M. Best Company.  Since its inception, Builders Mutual has broadened its territory beyond North Carolina to include the District of Columbia, Georgia, Maryland, Mississippi, South Carolina, Tennessee and Virginia.  The company provides coverage to more than 14,000 policyholders through more than 3,000 sales agents and employs more than 160 staff at its Raleigh headquarters.

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