All the headlines from our Surety Topic Page, ordered by recency.
Nov 20 2017 // Even though the surety industry is only a fraction of the total property/casualty marketplace, the importance of surety bonds to contractors and their impact on their relationship with insurance brokers is significant.A...
Nov 6 2017 // Accredited Surety and Casualty Company Inc., a subsidiary of Randall & Quilter, has entered into an agreement with Atlas General Insurance Services to underwrite its Western Trade Craft artisan contractor program...
Nov 2 2017 // Evergreen Insurance & Risk Management has acquired the assets Pro Surety Bond Inc. of Las Vegas, Nev. Terms of the deal were not disclosed. Pro Surety Bond delivers web-based insurance solutions with a focus on...
Oct 4 2017 // Everest Re Group Ltd. announced that Markus Heizmann will join Everest Reinsurance (Ireland), dac, as head of its Zurich-based credit & surety operations.He will work alongside Laurent Arnould, head of Financial...
Jul 20 2017 // General Indemnity Group LLC (GIG), a subsidiary of Boston Omaha Corp., has acquired Surety Support Services Inc., of Overland Park, Kansas.Tracing its origins back almost 40 years, Surety Support Services (SSS) provides...
Apr 12 2017 // Argo Surety has appointed James Bluzard as central region vice president for Contract Surety.Based in Houston, Bluzard is responsible for building out local office teams and supervision of underwriting and related...
Mar 9 2017 // Markel International, the London-based specialist insurer and Markel Corp. subsidiary, has launched a surety offering, following the appointment Damian Manning to head the new team and David Chandler as senior...
Mar 6 2017 // A recently passed bipartisan bill in New Jersey has brought good news to small businesses that want to participate on public construction projects.Senate Bill 123, signed by Gov. Chris Christie on Jan. 4, introduces a new...
Feb 16 2017 // Markel International, the London-based specialist insurer and subsidiary of Markel Corp., will enter the surety market in March this year, following the appointment of two senior underwriters with over 30 years’...
Feb 2 2017 // Markel Corp. has agreed to acquire surety firm SureTec for approximately $250 million, inclusive of a three-year earn out.SureTec is one of the largest privately owned surety companies in the U.S. SureTec’s largest...
Jan 25 2017 // A recently passed bipartisan bill in New Jersey has brought good news to small businesses that want to participate on public construction projects.Senate Bill 123, signed by Governor Chris Christie on January 4, introduces...
Jan 25 2017 // Accredited Surety and Casualty Company, Inc. (ASC), a subsidiary of Randall & Quilter (R&Q), has entered into an agreement with Cinium Financial Services Corp., based in Miami.Cinium specializes in providing surety...
Jan 11 2017 // Argo Surety, a Houston-based member of Argo Group International Holdings Ltd., has appointed David M. Layman as vice president and chief underwriting officer (CUO) of Contract Surety.Layman will be responsible for managing...
Dec 16 2016 // Those in the business of selling used cars in the state of New York will need to comply with new surety bond requirements in the spring of 2017.The car dealer bond is part of the licensing criteria enforced by the New York...
Dec 12 2016 // The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $98.6 million. The super-regional property/casualty insurance...
Nov 16 2016 // Beazley, a provider of specialist reinsurance, has added Stephan Vieira as a reinsurance underwriter in its Specialty Surety Treaty unit, providing treaty and facultative reinsurance for surety and ancillary...
Oct 28 2016 // A new bonding requirement for structured settlement factoring companies in Maryland took effect on October 1. The bonding requirement was introduced with the passing of Maryland Senate Bill 734 which specifies a number of...
Sep 16 2016 // QBE Insurance Corp. (QBEIC) has been approved by the United States Department of Treasury as a Certified Company with an underwriting limitation (also referred to as a Treasury Listing) of $73.5 million per bond. This...
Aug 24 2016 // A new Vermont law introduces changes to the legal requirements for consumer litigation funding companies in the state. These companies will now need to get licensed and post a surety bond in order to operate...
Jun 22 2016 // Navigators Management Co., a division of the specialty insurance holding company The Navigators Group, has hired David Pesce to launch a new Contract and Commercial Surety department. Based in Iselin, New Jersey, Pesce...