surety bond News

Argo Surety to Issue Surety Bonds in Europe for U.S. Clients

Argo Surety, a division of Argo Group International Holdings, Ltd., now has the capability to issue surety bonds throughout the European Union (EU). Policies will be written through Argo Group’s European subsidiary, ArgoGlobal SE, which has been authorized by the …

Ironshore Adds Surety Capacity Through Lexon, Boston Indemnity Group

Ironshore Inc. and Lexon Surety Group are broadening their strategic alliance by providing additional capacity for Boston Indemnity Group (BIG), a subsidiary of Lexon and a privately-held insurance holding company specializing in the business of surety bonds. Ironshore will provide …

Lance Surety Launches New Program to Meet FMCSA Bond Increase Requirement

Lance Surety Bond Associates, Inc. has launched a new program addressing the $75,000 Freight Broker Bond requirement that will take effect later this year. The Moving Ahead for Progress in the 21st Century Act (MAP 21) transportation reauthorization bill was …

Ironshore, Lexon Surety to Offer Surety Bonds in U.S.

Ironshore Inc. and Lexon Surety Group have completed the first stage of a new strategic alliance in the surety market.  Lexon writes over $100 million in direct written premium annually and is the 12th largest writer of surety bonds in …

Montana Commissioner Orders Man to Pay $168K, Sold Fake Surety Bonds

Montana’s insurance commissioner has ordered a North Dakota man to pay $168,000 in fines and restitution for selling fake surety bonds for a construction project on the Fort Belknap Indian Reservation. The commissioner’s office alleged Dennis Lyon, also known Robert …

Lexon Buys Florida’s Peninsular Surety

Lexon Insurance Co. in Hermitage, Tennessee, has agreed to a acquire all shares of Peninsular Surety Co. in Naples, Fla. Pending expectant regulatory approval by the state of Florida, Peninsular will become a wholly owned indirect subsidiary of Lexon. Lexon …