Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
HCC Insurance to Acquire Surety Company of the Pacific
Dec 3 2008 // HCC Insurance Holdings Inc. announced it has executed an agreement to acquire Surety Company of the Pacific (SCP), a writer of license and permit bonds headquartered in Encino, Calif. This transaction is subject to...
Cavignac & Associates Names Hitt Surety Accounting Manager
Nov 14 2008 // Lisa Hitt has been hired by Cavignac & Associates, a San Diego-based risk management and commercial insurance brokerage firm, as surety department accounting manager. Hitt brings to Cavignac & Associates 24 years...
Capitol Names Allen President of Surety and Fidelity Operations
Oct 10 2008 // Middleton, Wis.-based Capitol Insurance Cos. (“Capitol”) recently announced that Richard W. Allen III, currently senior vice president of Surety & Fidelity Underwriting, has been named president of Surety...
Three New Surety Team Executives Join Marsh from Aon
Sep 29 2008 // Marsh announced that three new executives – Steve Powney, Steven Lewis and Tricia Burgess – have all joined its International Surety Practice from Aon’s Surety and Guarantee team. Powney will lead the...
Travelers, Chubb Stop AIG Surety Business: Marsh
Sep 24 2008 // Insurers Travelers Cos Inc and Chubb Corp will no longer issue surety bonds with American International Group Inc as a co-participant, according to insurance brokerage Marsh Inc. Surety contracts guarantee the performance...
Surety One Rolls Out Embezzlement Protection for Cafe Owners
Sep 22 2008 // Raleigh, North Carolina-based Surety One, a member of The Poindexter Group of Companies, announced the national roll-out of its specialty fidelity bond product for coffee/teahouse and cafe owners. Available in $5,000 to...
Cindy Downs
Aug 21 2008 // Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has added four new members to its team. Cindy Downs was added as a senior underwriter in the firm’s MGA unit. Downs formerly was a...
MHBT VP to Serve on Board of National Surety Bond Producers Group
Jun 30 2008 // Donnie Doan, a vice president in the bond department of Dallas-based McQueary Henry Bowles Troy L.L.P. (MHBT), was named to the 2008-09 board of directors for the National Association of Surety Bond Producers (NASBP). In...
Zurich Names Riordan New President of Surety, Credit, and Risk Group
May 9 2008 // Zurich North America Commercial recently announced it has named Daniel W. Riordan president of its Surety, Credit and Political Risk group. This newly created group combines Zurich’s Surety group, a leading provider...
Thomas to Head New Argo Surety Unit
May 6 2008 // The Bermuda-based Argo Group International Holdings Ltd. announced the formation of Argo Surety, to conduct surety business. The new unit remains part of Argo Group’s existing Commercial Specialty segment. Argo has...
People
May 5 2008 // M.J. Hall and Company Inc., a managing general agent and surplus lines wholesaler based in Stockton, Calif., opened an office in Plano, Texas, and named Brett Amick as vice president and branch manager. Amick and his team...
Prior Named president of ICW Group Independence Casualty and Surety Subsidiary
Apr 15 2008 // San Diego-based ICW Group, a group of insurers, announced it has named Kevin Prior president of its Independence Casualty and Surety (ICS) subsidiary. Prior, whose career at ICW Group spans 18 years, remains president and...
San Diego Cavignac & Assoc. Promotes Wager to Surety Manager
Feb 28 2008 // Margie Wager has been promoted to surety department manager at Cavignac & Associates, a San Diego-based risk management and commercial insurance brokerage firm. In her new position, Wager will manage the firm’s...
Surety Expert Rons Joins Aon’s Denver Office
Feb 5 2008 // Aon Corporation has hired Scott Rons as assistant vice president, surety operations, for Aon Construction Services Group. Based in Denver, Rons will help enforce Aon Construction Services Group’s strategic commitment...
Unsure-ty: N.Y. Abruptly Pulls Bond Proposal for Small Contractors
Jan 13 2008 // Dinallo withdraws NYPIUA proposal without explanation; surety writers offer training program It took about a month for New York Insurance czar Eric R. Dinallo to back off a plan to allow the New York Property Insurance...
A.M. Best Puts Georgia Casualty & Surety Under Review Pending Deal
Jan 4 2008 // A.M. Best Co. has placed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Georgia Casualty & Surety Company under review with positive implications. The rating actions...
Ala.: Birmingham’s Casualty & Surety Buys JC Shannon Insurance
Jan 4 2008 // Birmingham, Ala.-based property and casualty brokerage firm, Casualty & Surety Inc., acquired JC Shannon Insurance Services Inc., of Fresno, Calif. JC Shannon specializes in truck physical damage and cargo coverage,...
Flood & Peterson Insurance Hires Surety Bond Expert
Dec 5 2007 // Flood & Peterson Insurance of Greeley, Colo., has added Rusty Lear, a 21-year veteran of the surety bonding industry, to its staff. Lear, who has worked in Colorado for 15 years, previously worked for eight years as...
Locked Into the Customer
Nov 18 2007 // The force behind Lockton’s phenomenal organic growth Insurance Journal is pleased to launch a new series of profiles of privately-held property/casualty independent insurance agencies that qualify for the annual...
N.Y. Weighs NYPIUA Offering Surety Bonds
Nov 18 2007 // New York is considering having its residual market property insurance association offer surety bonds. Superintendent of Insurance Eric R. Dinallo said he will hold a public hearing on Dec. 14 to determine whether he will...
