Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
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...
N.Y. Weighs Having Residual Insurer NYPIUA Offer Surety Bonds
Nov 8 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 to determine whether he will require the...
Federal Grand Jury Indicts La. Woman in Construction Bonds Case
Oct 29 2007 // A federal grand jury in New Orleans brought a 15-count indictment against a Louisiana woman who sold construction bonds in several states, including Tennessee, after she was barred from the insurance business. Federal...
CAIC Enters Texas Surety Market
Oct 23 2007 // CAIC Holding Company Inc. announced it began offering surety coverages in Texas through its wholly owned subsidiary, Commercial Alliance Insurance Company (CAIC), effective Oct. 1, 2007. Sterling Emens III was appointed...
Arch Names Vonnahme EVP Surety; Schmalz to Retire
Jul 31 2007 // Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., announced that Mark C. Vonnahme has joined its leadership team as the executive vice president responsible for its surety business. Vonnahme succeeds Brian...
Zurich Introduces Online Surety Bond Validating System
Jul 12 2007 // Zurich introduced the “Surety Bond Validator,” a new system for commercial and construction surety bond customers in the U.S. to confirm that a Zurich surety bond is valid. “Millions of dollars in...
Rockhill Underwriting Names Matthew Semeraro Vice President of Surety
Jul 11 2007 // Missouri-based Rockhill Underwriting Management, LLC recently announced that Matthew J. Semeraro has joined the organization as vice president of Surety. Semeraro will be located in the Atlanta office in this new role and...
Aon Construction Appoints Crail Director of Surety Operations
Jun 15 2007 // Aon Construction Services Group has hired Lisa K. Crail as director, surety operations. In this role, Crail will be responsible for improving efficiency and reducing transaction costs related to surety and client...
Bond Capacity for Main Street America’s NGM Expands
May 31 2007 // The Main Street America Group, a super regional property/ casualty insurance carrier, announced that the U.S. Treasury Department has raised its NGM Insurance Co.’s single surety bond capacity threshold with limits...
Feds Investigate Albuquerque-Based Surety Company
Apr 30 2007 // An Albuquerque-based business accused by the New Mexico Insurance Fraud Bureau of illegally selling insurance surety bonds in New Mexico is now being investigated by federal authorities. Agents with the U.S. Department of...
Arrowhead General Names DeGraw Senior VP for Surety Program
Apr 2 2007 // Dirk DeGraw hasjoined Arrowhead General Insurance Agency Inc. as senior vice president for its Surety Program. In this position, he will manage the overall operations of the multi-state Surety Program, including developing...
Sierra Summit Surety Insurance Services Changes Phone Numbers
Mar 27 2007 // Sierra Summit Surety Insurance Services has issued new phone numbers for its Pasadena and Rancho Cucamonga offices in California. The new numbers are: Pasadena – 626-683-4991; Rancho Cucamonga 909-919-2432.
Chicago CNA Surety Names David Edelson to Board of Directors
Feb 13 2007 // CNA Surety Corp. recently announced that David Edelson, a senior vice president of Loews Corp., the parent company of CNA Financial Corp. who is the parent company of CNA Surety, joined its Board of Directors effective...
Zurich Acquires Spanish Surety Group
Dec 26 2006 // Zurich Financial Services Group has signed an agreement for the purchase of 100 percent of Spain’s ACC Seguros y Reaseguros de Daños, S.A. “The acquisition of ACC, a leading surety writer based in Galapagar...
Mass. AG’s Big Dig Suit Targets Include 3 Surety Insurers
Nov 29 2006 // Massachusetts Attorney General Thomas F. Reilly planned to file his civil lawsuit yesterday against 15 companies including three insurers that provided surety bonds for the general contractor of the Big Dig Interstate 90...
Chicago CNA Surety to Present at Investor Conference, Nov. 29
Nov 28 2006 // CNA Surety Corp.announced today that John F. Welch, president and CEO, and John F. Corcoran, senior vice-president and CFO, will speak at the Friedman, Billings, Ramsey & Co. Inc. 2006 Investor Conference on Wed.,...
