Mike Gerber Named the Next President and CEO of Builders Mutual
Builders Mutual Insurance Company announced today that its Board of Directors has elected Michael A. Gerber, current Senior Vice President and Chief Operating Officer (COO), to succeed John K. Boggs as President and Chief Executive Officer (CEO), effective July 1, 2021. Mr. Boggs, who has served as President and CEO since 2009 and held the previous role of Vice President and Chief Financial Officer (CFO) from 2004 to 2009, recently announced his retirement.
“On behalf of our Board of Directors, we are pleased to elect Mike as our next CEO, the fourth CEO in our company’s 37-year history,” said Rick Judson, Chairman of the Builders Mutual Board of Directors. “Mike is a proven and respected leader who has delivered strong operating results through a relentless commitment to our customers, agents, employees and industry partners. His broad and comprehensive understanding of the company culture gives us all the confidence that Mike will lead our 380 employees to achieve great success in the years to come.”
Mr. Boggs retires having served Builders Mutual for over 17 years. Under his leadership, Builders Mutual was recently named to the prestigious Ward’s 50 group of top performing insurance companies in 2019 and 2020. “Being recognized for two years in a row by the Ward Group is a testament to Builders Mutual’s continued financial strength,” said Mr. Boggs. “Earning this recognition is a team effort that begins with our employees. We’ve maintained our commitment to the construction industry while building and strengthening our financial foundation.” Mr. Boggs will continue to serve as an advisor through the end of the year.
Mr. Gerber brings over 30 years’ insurance experience, with more than 23 years as part of the Builders Mutual leadership team. In his role as SVP and COO, Mr. Gerber has been responsible for a broad range of functions that include Audit, Business Development, Human Resources, Marketing, Risk Management, Sales, Training & Development, and Underwriting. He has played a key role in every strategic initiative the company has made over the last two decades including significant geographic and product expansion as well as placing great emphasis on the importance of company culture and customer experience.
“This announcement is the successful culmination of a multi-year succession plan to select the best leader for the company. Mike has worked closely with the Board over the past several years, and we look forward to what he will bring to the company as CEO,” stated Mr. Judson. “On behalf of the Board, I want to thank John for his contributions as CEO. Under his leadership, the company has expanded its position as the leading writer of commercial insurance for construction risks in the Southeast and Mid-Atlantic states. The Company has consistently grown premium and policy count and has built a strong foundation that positions Builders Mutual for the future.”
Mr. Gerber stated, “I am honored to be named the next CEO of Builders Mutual, and want to thank both John and the Board for the confidence they have placed in me to lead this amazing organization and our talented team of employees. I look forward to continuing our long-standing commitment to the construction industry and to the independent agents that serve their needs.”
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 27,000 policyholders through more than 5,000 sales agents and employs more than 380 staff at its Raleigh headquarters.