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Jul 17 2020

Builders Mutual Named to Ward 50’s Top Performing Companies for Safety, Consistency and Performance

Jodi Vedelli
919-227-0295
jvedelli@bmico.com

RALEIGH, N.C. – Builders Mutual is proud to announce it has been named to the prestigious Ward's 50 group of top performing companies for the second consecutive year. The recognition focuses on Builders Mutual’s outstanding financial results in the areas of safety, consistency, and performance over a five year period (2015-2019). 

This annual designation from the industry-leading organization, Ward Group, identifies companies that pass financial stability requirements and measure their ability to grow while maintaining strong capital positions and underwriting results. To be awarded this designation, insurance companies must pass thresholds of performance and excellence.  

“Being recognized by the Ward Group in the esteemed Ward’s 50 for the second consecutive year is a testament to Builders Mutual’s continued financial strength over the past 5 years,” said John Boggs, President and Chief Executive Officer. “Earning this recognition is a team effort that begins with our employees.  As a company, we are committed to caring for our customers, valuing teamwork and delivering results.”

Ward Group is the trusted leader of benchmarking and best practices services for the insurance industry. For the past 30 years, the firm has analyzed the financial performance of nearly 3,000 property-casualty insurance companies and 700 life-health insurance companies, identifying the top performers per segment.

About Ward Benchmarking: Ward Group is the leading provider of benchmarking and best practices studies for the insurance industry. They analyze staff levels, compensation, business practices, and expenses for all areas of company operations and help insurers to measure results compared to peer groups, optimize performance, and improve profitability. Since 1991, Ward has performed more than 3,000 operational and compensation benchmarking exercises for companies of all sizes, including more than half of the top 100 U.S. insurance carriers. For more information, visit ward.aon.com. 

About Aon: Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Their 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. For further information on Aon capabilities, visit http://aon.mediaroom.com.  

About Builders Mutual: Headquartered in North Carolina, Builders Mutual is one of the Mid-Atlantic and Southeast’s leading writers of commercial insurance for the construction industry.  Since its inception, Builders Mutual has broadened its territory beyond North Carolina to include the District of Columbia, Florida, Georgia, Maryland, Mississippi, South Carolina, Tennessee, and Virginia. The company provides coverage to more than 26,000 policyholders through more than 5,000 sales agents and employs more than 370 staff at its Raleigh headquarters.

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