ATLANTA, Sept. 16, 2013 /PRNewswire/ -- Builders Insurance (A Mutual Captive Company) announced today that its Board of Directors had elected two additional members to the Board, effective immediately. The two new Directors are Charles Potok and Salvatore Correnti.
Mr. Potok is a retired President of Companion Property & Casualty Group, a South Carolina-based property/casualty insurance and service provider with over $850 million in assets. He was previously employed by the South Carolina Department of Insurance as Chief Actuary and Director of the property/casualty division. Mr. Potok is a recognized expert in property and casualty insurance and managed care. He was a member of the American Academy of Actuaries and an Associate of the Casualty Actuarial Society. Potok has also served on the boards of the NCCI Holdings, South Carolina Property and Casualty Guaranty Association, and the South Carolina Medical Malpractice Joint Underwriting Association.
Mr. Correnti spent his early career at USF&G Insurance, a multi-line insurer, where he eventually became Executive Vice President of Asset Liability Management and Investment Strategy. Between 1998 and 2002, Mr. Correnti served as Head of Third Party Asset Management for Swiss Re. Following his carrier career, Mr. Correnti was CEO of Conning Asset Management until his retirement in 2012. He remains on the Board of Directors of Conning.
Mr. Allen Richardson, Chairman of the Board of Builders Insurance, commented that he "was delighted to have two individuals with such deep expertise in the insurance industry join the Board of Builders Insurance," and that he "was sure that each would contribute significantly to the Company." Mr. Patrick Mitchell, President and CEO of Builders Insurance echoed those comments, adding, "both individuals will provide a broad perspective on the property and casualty industry as the Company continues to grow."
About Builders Insurance Group
More than 16,000 policyholders in residential and light commercial construction as well as variety of non-construction fields rely on Builders Insurance Group to protect their most important assets – people and property. Over a span of two decades, the company has evolved into a dynamic, financially secure and dedicated partner with a philosophy of providing outstanding products, backed by exceptional customer service and easy-to-use technology solutions. Headquartered in Atlanta, the company delivers innovative Workers' Compensation, General Liability, Property and Umbrella insurance through independent agents to customers throughout the Southeastern, Mid-Atlantic and Midwestern United States as well as Colorado, Oklahoma, Texas and Utah. Builders Insurance Group and all of its member companies are rated A- (Excellent) VIII by A.M. Best Company. For more information, please visit our Web site at www.bldrs.com.
SOURCE Builders Insurance Group