Ratings & Endorsements

Builders Mutual Announces A.M. Best Rating Affirmed

May 17, 2011

Raleigh, N.C. – Builders Mutual Insurance Company is pleased to announce that our rating of A (Excellent) was reaffirmed by A.M. Best Company, the leading source for information on the financial condition and operating performance of insurance companies worldwide, on April 26, 2011. According to A.M. Best, “The rating for Builders Mutual Insurance Group (BMIG) is based on the consolidation of Builders Mutual Insurance Company (BMIC) and its 100% reinsured subsidiary, Builders Premier Insurance Company (BPIC). The rating reflects the group’s strong risk adjusted capitalization, historically profitable operating performance and stable loss reserving trends driven by effective loss control practices and aggressive claims management. The rating also reflects the group’s local market expertise and affiliation with the North Carolina Home Builders Association (NCHBA), of which the majority of its members obtain workers’ compensation coverage through BMIC.”

“We are pleased that A. M. Best has affirmed our A (Excellent) rating,” states John Boggs, President and Chief Executive Officer of Builders Mutual. “This marks the 12th consecutive year Builders Mutual has been A rated. Given the slow pace of the economic recovery, we are proud of the rating as it indicates that the company continues to be well managed. Builders Mutual remains stable and financially strong to meet the needs of our policyholders.”

Builders Mutual is committed to maintaining stability for our customers and agents. Our belief in a strong safety culture combined with our excellent risk management resources further that commitment. We are working diligently to provide enhanced capabilities and online tools that simplify the way we do business. Our A rating from A.M. Best solidifies our position as the insurance company “where builders come first.”

Headquartered in Raleigh, Builders Mutual is one of the Southeast’s leading writers of commercial insurance for the residential and commercial construction industries and is rated A (Excellent) by A.M. Best Company. Since its inception, Builders Mutual has broadened its territory beyond North Carolina to include the District of Columbia, Georgia, Maryland, Mississippi, South Carolina, Tennessee and Virginia. The company provides coverage to more than 14,000 policyholders through more than 3,000 sales agents and employs more than 160 staff at its Raleigh headquarters.

Endorsements

BMIC has enjoyed a strong relationship with the HBA. We are endorsed by the NCHBA. Policyholders must be members of a local association in these two states. For more information on local membership please click here to find your local association.