All the headlines from our Surety Topic Page, ordered by recency.
May 23 2012 // Carl E. Dohn, Jr., president of Dohn & Maher Associates, a Palatine, Ill., insurance agency, has been installed as the president of the National Association of Surety Bond Producers (NASBP), an international trade...
Apr 11 2012 // National Financial Partners Corp. subsidiary, NFP Property and Casualty Services Inc. (NFP P&C), acquired Illinois-based Ameribonds Surety & Insurance Services (Ameribonds Surety), effective April 2, 2012, the...
Apr 11 2012 // The Bermuda-based Arch Capital Group announced that it has officially acquired Ariel Re’s Credit & Surety reinsurance operations based in Zurich, as previously announced. The closing occurred at the same time as...
Apr 5 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of Western Surety Group (Western Surety), previously known as CNA Surety Corp. Group (CNA...
Mar 5 2012 // The selloff of various parts of Ariel Re continues, as Arch Capital announced that it will acquire Ariel Re’s Credit & Surety reinsurance operations based in Zurich. The news follows an earlier announcement that...
Feb 23 2012 // Willis North America, a unit of global insurance broker Willis Group Holdings, appointed Sean McGroarty as New York-based national surety leader of Willis North America construction practice.Previously, McGroarty served as...
Feb 13 2012 // The Pennsylvania Insurance Department Commissioner Michael Consedine announced last week that the Commonwealth Court has approved the department’s petition to liquidate First Sealord Surety Insurance.First Sealord, a...
Dec 13 2011 // Torus has entered the U.S. surety market with the launch of Torus Surety and the acquisition of First Sealord Surety Inc. The deal should be finalized in January 2012.Torus Surety will focus on providing contract surety in...
Dec 13 2011 // A.M. Best Co. has placed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Penna.-based First Sealord Surety, Inc. (FSSI) under review with negative...
Nov 30 2011 // Seneca Insurance Companies has launched a new product line and operating division for contract and commercial surety.The contract surety side will focus on small and emerging construction, supply, furnish and installation...
Nov 28 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Chicago-based Virginia Surety Company, Inc, both with positive outlooks.The...
Nov 17 2011 // XL Group’s surety unit is expanding with the appointment of James Hoyas as vice president and executive underwriter. He is based in XL’s Baltimore office and reports to Bill Mills, senior vice president of...
Nov 9 2011 // The Main Street America Group has created a commercial surety national accounts unit to focus exclusively on large accounts.The unit will be staffed by Merritt Willits, Paul Bergenholtz and Adam Rehn. Willits, who has been...
Oct 19 2011 // Westfield Insurance, headquartered in Westfield, Ohio, has selected Dennis Baus to lead the company’s surety operations. Baus assumes the national surety Leader responsibilities on Jan. 1, 2012, replacing Rick...
Oct 13 2011 // Aon Risk Solutions appointed Paul Healy as executive vice president and national managing director of contract surety.Based in Boston, Healy will lead Aon’s national contract surety unit, which helps contractors and...
Sep 19 2011 // A Louisiana court has ordered a permanent injunction against members of an insurance fraud ring, banning them from further involvement in the insurance business in that state. Louisiana Insurance Commissioner Jim Donelon...
Sep 9 2011 // Insurance regulators in Louisiana say a court has ordered a permanent injunction against members of an insurance fraud ring, banning them from further involvement in the insurance business in that state.Louisiana Insurance...
Aug 24 2011 // Argo Surety, a member ofArgo Group International Holdings, has established a presence in the Chicago area with the appointment of Dan Carlson as vice president for North Central and Western U.S. Regions. In addition, it is...
Jul 11 2011 // Ullico Casualty Group, Inc. and Ullico Casualty Co. have formed a strategic alliance with property and casualty insurance carrier Philadelphia Insurance Cos. The partnership allows Philadelphia to deliver contract and...
Jun 21 2011 // The Travelers Companies announced that the company has completed its acquisition of a 43 percent interest in JMalucelli Participações em Seguros e Resseguros S.A., the market leader in the surety insurance business in...