surety business 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 …

Freedom Specialty Insurance Enters Surety Market, Hires Albanese as VP

Freedom Specialty, with the backing of Nationwide Insurance, has expanded into the surety segment and named Antonio C. Albanese vice president of the new product line. Albanese will be responsible for building and managing Freedom’s surety bond business in 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 …

ACE Launches Surety Services in France, Joins Global Surety Association

The ACE Group has expanded its international surety capabilities in Continental Europe, by launching services in France and making a new executive appointment to lead this initiative. Aymeric Vinet Desrues joins ACE as surety underwriting manager, France, where he will …

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 …

Allied World Launches U.S. Surety Unit

Allied World Assurance Company Holdings, AG’s Allied World U.S. has expanded its casualty operations with the launch of a new surety line of business, available for clients in the United States. Robert Staples has been appointed senior vice president, surety, …

OneBeacon Announces New Surety Group

OneBeacon Insurance Group, Ltd. has launched its newest specialty business—OneBeacon Surety Group. The new business will be managed by OneBeacon Surety Group President Chad Anderson and will focus on a variety of commercial surety business in all 50 states, as …

Insurance for Bonds Among Changes Sought by Missouri Lawmakers

Several Missouri lawmakers want to add requirements for officials involved in economic development projects. A House panel heard testimony on eight measures aimed at increasing scrutiny of businesses that ask for government money. The legislation would require local governments to …

New Main Street America Unit Targets Large Surety Accounts

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 appointed director, commercial surety …