Argo Surety, together with SureTec Financial Corp., is now providing expanded combined capacity for the middle market contract surety segment. Through the new program, Argo Surety and SureTec can extend up to $50 million in contract bond capacity to select producers.
This expanded capacity will be accompanied by SureTec’s contract underwriting and claims management teams. In addition to this new program, Argo Surety has increased its commercial surety capacity to $100 million for qualifying clients.
SureTec Financial Corp. is a U.S.-based privately-owned surety company. Its subsidiary is SureTec Insurance Co.. The company has offices in Atlanta, Austin, Dallas, Houston, San Antonio, San Diego and Orange County, Calif., SureTec operates in 50 states and has one international affiliate.
Argo Group International Holdings, Ltd. is an international underwriter of specialty insurance and reinsurance products in the property and casualty market.