News

Return to the list of news releases.
Jul 22 2021

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 third 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 (2016-2020). 

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. 

“Builders Mutual is proud to receive this recognition from the Ward Group for the third consecutive year, “ said Mike Gerber, President and Chief Executive Officer.  “This achievement is a part of collective effort that begins with our employees and the role they play in making our company the choice for construction-related accounts across our footprint.”

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 27,000 policyholders through more than 5,000 sales agents and employs more than 380 staff at its Raleigh headquarters.

Return to the list of news releases.

800-809-4859 Call us for more information