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Jul 12 2022

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

Mick McDonald
919-227-0548
mmcdonald@bmico.com

RALEIGH, N.C. – Builders Mutual Insurance Company, a leader in providing insurance coverage to the construction industry, is proud to announce it has been named to the prestigious Ward's 50 group of top performing companies for the fourth 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 (2017-2021).

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. 

“We are so pleased to once again be recognized by the Ward Group in the esteemed Ward’s 50 for the fourth consecutive year,” said Mike Gerber, President and Chief Executive Officer of Builders Mutual. “We work tirelessly to ensure excellence in safety, consistency, and performance. This honor highlights the dedication and commitment our team has to the construction industry, our policyholders, and our agents.”

Ward Group is the trusted leader of benchmarking and best practices services for the insurance industry. For the past 32 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: We are the leading provider of benchmarking and best practices studies for the insurance industry. Our team analyzes staff levels, compensation, business practices, and expenses for all areas of company operations and helps insurers to measure results compared to peer groups, optimize performance, and improve profitability. Since 1991, we have performed more than 3,000 operational and compensation benchmarking exercises for companies of all sizes. For more information, please visit ward.aon.com.

About Aon: Aon plc (NYSE:AON) is a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 50,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please 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 28,000 policyholders through more than 5,000 sales agents and employs more than 400 staff at its Raleigh headquarters.

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