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SANDER ELECTED TO BOARD OF DIRECTORS OF THE NEW YORK INSURANCE ASSOCIATION
ALBANY, N.Y.— The New York Insurance Association (NYIA) has elected Benedikt Sander, president and chief executive officer of Preferred Mutual Insurance Company, to the association’s board of directors for a term ending December 31, 2026. Preferred Mutual has been a member of the New York Insurance Association (NYIA) since 1970, and Sander has been actively involved with the association since joining Preferred Mutual in 2021.
Sander was appointed to the position of president and CEO of Preferred Mutual in 2022. He previously served as the company’s executive vice president of insurance operations where he was responsible for building the vision for and driving execution within underwriting and sales/distribution.
Prior to joining Preferred Mutual, he held multiple leadership roles at Liberty Mutual Insurance Company, based in Boston, Mass. including vice president, agency relationship management, senior vice president underwriting and strategy, and senior vice president product management. Sander began his career at McKinsey & Company, a management consulting firm, where he supported national and international high-tech, media and telecom clients.
Sander holds a Master of Business Administration from the University of Chicago and a Master of Philosophy in economic theory & econometrics from the University of Cambridge in the U.K. He also holds multiple insurance designations including, Chartered Property Casualty Underwriter (CPCU), Accredited Adviser in Insurance (AAI), Associate in Commercial Underwriting (AU), Associate in Personal Insurance (API) and Associate in Claims (AIC). In addition, Sander currently serves on the Board of Directors for Commerce Chenango.
Preferred Mutual Insurance Company provides property and casualty insurance coverage to more than 232,000 individual and business customers through a network of more than 560 independent agents located throughout New York, New Jersey, Massachusetts and New Hampshire. In business since 1896, Preferred Mutual is rated “A” by AM Best Company and is headquartered in New Berlin, New York.
The New York Insurance Association (NYIA®) is a state trade association that has represented the property and casualty insurance industry for more than 140 years.