Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
Kinetic Insurance Brokers to Provide New Surety Bond Facility for UK, EU
Mar 14 2014 // Lloyd’s broker, Kinetic Insurance Brokers Limited announced that it has “entered into a multi-million pound underwriting agreement with Gable Insurance AG to underwrite Specialist Commercial Surety Bonds within...
Willis North America Adds Folkerts as Surety Manager in Oklahoma
Feb 5 2014 // Willis North America, a unit of global risk advisor and insurance broker Willis Group Holdings, has appointed Renee Folkerts as surety manager at Willis of Oklahoma. Folkerts will be responsible for client service and...
Marsh & McLennan Agency Acquires North Carolina Surety Bond Agency
Feb 5 2014 // Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh, said it has acquired The Bond Network, a surety bonding agency based in Charlotte, North Carolina. Terms of the transaction were not...
Argo Surety to Issue Surety Bonds in Europe for U.S. Clients
Dec 5 2013 // 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,...
Liberty Mutual to Enter Mexico with Acquisition of Surety Company
Nov 13 2013 // Liberty Mutual Insurance said it will acquire Mexican surety company Primero Fianzas from Grupo Valores Operativos Monterrey, a private investor group. The company said the acquisition will enable Liberty Mutual Surety, a...
ACE Appoints Senior VP for ACE USA Surety Unit in New York
Oct 21 2013 // ACE USA, the U.S.-based retail operations of the ACE Group, appointed Teresa Black to the newly created role of senior vice president and chief operating officer for the ACE USA Surety unit. Black, who most recently served...
Freedom Specialty Insurance Enters Surety Market, Hires Albanese as VP
Sep 16 2013 // 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...
Ironshore Adds Surety Capacity Through Lexon, Boston Indemnity Group
Jul 29 2013 // 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...
Lance Surety Launches New Program to Meet FMCSA Bond Increase Requirement
Jul 19 2013 // 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)...
AXIS Names Pesce Director for Surety in U.S.
Jul 2 2013 // Bermuda-based specialty lines in surer AXIS Capital Holdings Limited has named David Pesce as director of Surety for AXIS Insurance. He will be responsible for building and managing AXIS Insurance’s surety bond...
ACE Launches Surety Services in France, Joins Global Surety Association
Jun 25 2013 // 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...
N.J.-Based Surety Partners of America Names COO
Jun 24 2013 // Nicholas Solimo has joined Morristown, N.J.-based Surety Partners of America as chief operating officer. He previously served as senior director of global operations for Roche Inc. based in Branchburg, N.J.Nicholas...
ACE Appoints Martinez to Lead Latin America Surety Operations
Jun 14 2013 // The ACE Group announced the appointment of Arturo Martínez as Vice President of Surety in Latin America and Director General of ACE Fianzas Monterrey, the second-largest surety writer in Mexico and the third-largest in...
Cross Insurance Launches Surety Bond Division in Northeast
May 29 2013 // Cross Insurance, an insurance brokerage and subsidiary of Bangor, Maine-based Cross Financial Corp., announced the establishment of a new division specializing in surety bonds. Cross Surety Inc., with offices in Dalton,...
ACE Completes Acquisition of Mexican Surety Lines Company Fianzas Monterrey
Apr 2 2013 // ACE Limited announced that it has completed the acquisition of Fianzas Monterrey in Mexico from New York Life Insurance Company for approximately $293 million in cash. The bulletin said: “Mexico City-based Fianzas...
Ironshore, Lexon Surety to Offer Surety Bonds in U.S.
Mar 5 2013 // 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...
Allied World Launches U.S. Surety Unit
Feb 27 2013 // 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...
Nevin Appointed President of United States Surety
Dec 12 2012 // HCC Insurance Holdings Inc., headquartered in Houston, has appointed Carol T. Nevin as president of United States Surety Co. (USSC), a member of the HCC Surety Group, effective Jan. 1, 2013. She will report to Adam S....
Marsh Names Moylan to Lead Newly Launched Surety Practice Unit
Nov 26 2012 // Marsh, the insurance broking division of N.Y.-headquartered Marsh & McLennan Cos., announced last week the launch of a global surety practice unit.David MoylanMarsh said its network of more than 200 surety specialists...
Montana Commissioner Orders Man to Pay $168K, Sold Fake Surety Bonds
Oct 26 2012 // 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...
