Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
Florida Man and Three Others Sentenced for Millions in Fake Construction Bonds
Dec 3 2021 // A federal judge in Miami sentenced four men to at least two years in prison each for a scheme that sold worthless construction bonds for major building projects in 2015. Working under the name of Hampton Investment Fund,...
Xenia Buys UK Trade Credit and Surety Broker, Peter Hill Credit & Financial Risks
Dec 1 2021 // The credit insurance and surety specialist, Xenia Broking Group, announced it has acquired Peter Hill Credit & Financial Risks Ltd., based in Northampton, England. Peter Hill is a leading specialist trade credit...
How the Cost of a Contract Bond Is Determined
Oct 27 2021 // This post is part of a series sponsored by Old Republic Surety. The business of surety and fidelity bonding represents a growing segment of the insurance industry. Surety companies are eager to partner with independent...
Translating the Top 5 Most Cringeworthy Surety Conversations
Oct 13 2021 // This post is part of a series sponsored by Old Republic Surety. As an independent insurance agent, you’ve probably had an awkward moment or two with clients. They’re good learning experiences. In this article,...
Arthur J. Gallagher Acquires Arkansas’ Alpha Surety & Insurance
Sep 30 2021 // Arthur J. Gallagher& Co. has acquired Little Rock, Ark.-based Alpha Surety & Insurance Brokerage LLC. Terms of the transaction were not disclosed. Founded in 2002, Alpha Surety focuses primarily on selling direct...
Colonial Surety Launches Cyber and Fiduciary Package for Retirement Planning
Sep 28 2021 // Colonial Surety, a direct and digital insurer, expanded its fiduciary liability product offering for plan sponsors – businesses that offer retirement plans – with a new, two-part package that includes cyber liability...
4 Things You Didn’t Know about Surety
Sep 9 2021 // This post is part of a series sponsored by Old Republic Surety. Just as property-casualty agents know that insurance is fun and fascinating, bond producers and underwriters find surety to be fun and fascinating, too. Here...
People Moves: Aon Reinsurance Appoints 6; TigerRisk Hires Edwards from Lloyd’s; Nexus Names Tan Head of Treaty; Riveros to AXIS Re for Credit & Surety
Aug 23 2021 // This edition of International People Moves details reinsurance-related appointments at two brokers: Aon Reinsurance Solutions and TigerRisk as well as MGA Nexus and AXIS Re. A summary of these new hires follows here. Aon...
Why Agents Should Specialize in the Commercial Surety Space
Jun 21 2021 // Agents with clients who need license and permit bonds, miscellaneous bonds, court bonds or any number of bonds classified as “commercial,” should think twice about letting this business go to a competitor....
8 Tips to Increase Your Agency’s Surety Bond Business
Jun 18 2021 // This post is part of a series sponsored by Old Republic Surety. There’s a significant surety revenue stream hiding within the average independent agency’s book of commercial business. Need clues? Here are eight...
AM Best Removes Ratings of Louisiana’s Gray Casualty & Surety from Under Review
Jun 11 2021 // AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Gray Casualty...
People Moves: National Interstate Promotes Mikolay, Keenan; Old Republic Surety Names Littlefield VP
May 17 2021 // National Interstate National Interstate Insurance Co. has promoted Christopher (Chris) E. Mikolay to senior vice president, Specialty Division and Daniel (Dan) M. Keenan to vice president, National Accounts. Mikolay will...
Why Character Is So Important for Underwriting Surety Bonds
Apr 8 2021 // This post is part of a series sponsored by Old Republic Surety. When a surety company asks personal questions of construction clients, they may think the surety is too invasive. Here’s why the answers to those...
CNA Central, CNA Surety Now Back Online; Work on Other Portals Continues
Apr 6 2021 // CNA Insurance said it continues to make progress in restoring its operations following a March 21 cyber attack. Today it announced that cna.com, including CNA Central and cnasurety.com, are back online. This means that...
Bernhard Capital Forges Partnership with Louisiana’s Gray Casualty & Surety
Mar 22 2021 // A group of investors led by Bernhard Capital Partners Management LP (Bernhard Capital), a services and infrastructure-focused private equity management firm, has entered into an agreement to make a significant investment...
Maintaining Surety Credit in Times of Growth and Transition
Mar 4 2021 // This post is part of a series sponsored by Old Republic Surety. Growth, expansion and acquisitions are all good, right? Not necessarily. Here’s what you need to know to keep your construction company in good standing...
Newfront Insurance in California Adds AmTrust Surety’s Spruill-Iqbal
Feb 18 2021 // San Francisco, Calif.-based Newfront Insurance has named Lindsay Spruill-Iqbal a principal and surety producer. Spruill-Iqbal joins Newfront from AmTrust Surety. Spruill-Iqbal has more than 15 years of marketing and...
Skyward Specialty Insurance Group Acquires Aegis Surety, Sells XPro
Jan 22 2021 // Skyward Specialty Insurance Group Inc. has acquired Aegis Surety and simultaneously sold XPro, which provides solutions for the pest control industry. K2 Insurance Services is both the seller of Aegis Surety and the buyer...
Bond to Lead Expanded Markel Surety Practice with $500M in Capacity
Jan 7 2021 // Markel Surety, a part of Markel Corp.’s Markel’s Specialty division, has increased its capacity offering to $500 million for the most qualified accounts with the establishment of a National Accounts...
Hudson to Acquire Pennsylvania’s Allegheny Group and Its Surety Operations
Nov 20 2020 // Specialty insurer Hudson Insurance Group has agreed to acquire the Allegheny Group Inc. (AGI) and its subsidiaries from its private shareholders. Hudson, by acquiring Pennsylvania-based AGI, will own Allegheny Surety Co.,...
