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Jul 11 2023

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

Mick McDonald

RALEIGH, N.C. – Builders Mutual, 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 fifth 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 (2018-2022).

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 thrilled to be recognized by Ward Group in the esteemed Ward’s 50 for the fifth consecutive year,” said Mike Gerber, President and CEO of Builders Mutual. “Our staff works diligently each day to excel in safety, consistency, and performance. Receiving this honor shows the commitment the Builders Mutual 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 over 30 years, the firm has analyzed the financial performance of nearly 3,000 property-casualty insurance companies, identifying the top performers per segment. Each Ward’s 50 company has passed all safety and consistency screens and achieved superior performance over the five years analyzed.

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 29,000 policyholders through more than 5,000 sales agents and employs more than 400 staff throughout our footprint.

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