Zurich NA to Offer Surety Products Through One Unit
Zurich North America announced it will begin offering its environmental and standard surety products through its Surety & Financial Enterprises business unit.
Previously, the two products were offered through separate units, the Specialty Surety operation and the Surety unit. Under the realignment, the Specialty Surety business will remain in New York and the larger Surety unit will remain in Baltimore.
According to the company. the consolidation is a strategic step that brings all of Zurich’s Surety business under one umbrella and allows Surety & Financial Enterprises to serve a broader audience.
The Surety line of business (formerly part of The Fidelity and Deposit Companies or F&D) concentrates on both contract and commercial surety bonds for the construction, commercial and government markets. The Specialties Surety group provides environmental surety bonds to businesses that require them, including contractors working with land-fills, asbestos, lead abatement, demolition, and remediation.
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