Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
Treasury Increases Main Street America’s Surety Bond Capacity to $93.4 Million
Sep 1 2015 // The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $93.4 million. The Jacksonville, Fla.-based super-regional...
Main Street America to Offer Surety, Fidelity Bonds in Louisiana
Aug 4 2015 // The Main Street America Group announced it has received regulatory approval from the Louisiana Department of Insurance to write commercial surety and fidelity bonds in the state. The business will be underwritten through...
ACE Taps Mandeville to Lead Surety Operations in West
Jun 26 2015 // Scott Mandeville has joined the ACE Group as vice president, Surety Underwriting, and regional manager for the Surety division in the Western region. The division includes the states of Alaska, Arizona, California,...
Alpha Mining Faces Surety Bond Challenge Due to Finances
Jun 2 2015 // Alpha Natural Resources Inc. no longer qualifies for a government program that subsidizes a share of mine cleanup insurance, requiring the coal company to find another way to cover roughly $400 million in liabilities,...
Jones Made a Name in Surety as a Common Sense Underwriter
Mar 31 2015 // Louis E. Jones had a reputation in the insurance industry as a common sense underwriter, and there were few contractors and home builders that he did not touch over the years, his friends say. Jones was born Nov. 9, 1931....
Main Street America Now Writing Surety, Fidelity Bonds in Mississippi
Mar 24 2015 // The Main Street America Group has received regulatory approval from the State of Mississippi Insurance Department to write commercial surety and fidelity bonds in the state, which will be underwritten through the...
QBE Europe Appoints Johnson Surety Underwriter; Targeting Growth
Jan 28 2015 // QBE European Operations, the group’s business insurance specialist, announced the appointment of Tom Johnson as Surety Underwriter within QBE’s Trade Credit and Surety department. He will take up his role in...
Lahn Joins OneBeacon Surety Group as Executive in Southwest
Jan 15 2015 // Michael Lahn has joined OneBeacon Surety Group as senior vice president of the Southwest region, which includes Arizona, Southern California, Hawaii, New Mexico, Nevada and Utah. Lahn has more than 20 years of surety...
Insuring Infrastructure Projects in Latin America
Nov 17 2014 // With its aging infrastructure, growing population and successful bids for mega-sports events like the 2016 Summer Olympics in Brazil, Latin America is offering the construction industry billions of dollars of opportunities...
Hudson Insurance Acquires Surety Partners’ Northeast Operation
Nov 13 2014 // Hudson Insurance Group has acquired the underwriting operations of Surety Partners of America, Northeast, which is based in Chester, New Jersey. Surety Partners of America, which was formed in 2009, is licensed and...
ACE Expands Europe Surety Team With Villette Appointment
Sep 30 2014 // ACE Group has announced the appointment of Charles Villette as surety underwriting manager in Germany, as it further expands its surety capabilities in Europe’s biggest economy. Charles Villette will be responsible...
Hull to Head Surety for Willis
Sep 16 2014 // Global insurance and reinsurance broker Willis Group Holdings has appointed Scott Hull as executive vice president and head of Surety. Hull will be responsible for directing surety operations across Willis’ platform,...
M3 Insurance Promotes Schreiber to Surety Account Executive
Jul 16 2014 // Wisconsin-based independent insurance agency M3 Insurance has promoted Travis Schreiber to surety account executive. Schreiber serves as M3’s in-house surety expert and advisor, managing relationships between surety...
McClellan, McVicker Head New Zurich Contract Surety Teams
Jul 11 2014 // Zurich North America announced the creation of two contract surety teams focused on specific customer segments—one for middle market contract surety and one for large accounts. Tom McClellan will head up Middle Market...
Johansson to Head Wood Gutmann & Bogart’s Surety Division in California
Jun 27 2014 // Wood Gutmann & Bogart Insurance Brokers has hired Erik Johansson to head its new division, Performance Bonding Surety & Insurance Brokerage L.P. Johansson will serve as president of the division. He has written...
Ironshore Increases Stake in Lexon Surety
Jun 26 2014 // Ironshore Inc. has increased its ownership of Lexon Surety Group to 20 percent under an option that it received as part of its initial investment in Lexon in 2013. Ironshore’s insurance subsidiaries will continue to...
Berkshire Hathaway Specialty Jumps Into Surety with Zurich’s Delisio
Jun 12 2014 // Continuing with its rapid expansion, Berkshire Hathaway Specialty Insurance is moving into the surety market, focusing on contract surety business. The company has appointed Geoff Delisio as senior vice president of...
Argo Surety, SureTec Launch Mid-Market Surety Program
Jun 11 2014 // Argo Surety, together with SureTec Financial Corp., is now providing expanded combined capacity for the middle market contract surety segment. Through the new program, Argo Surety and SureTec can extend up to $50 million...
Farrell Promoted to Surety Underwriter at Michigan’s J.M. Wilson
Apr 22 2014 // Portage Mich.-based managing general agency and surplus lines insurance broker, J.M. Wilson, has promoted Stephanie Farrell to surety underwriter. Farrell will be responsible for underwriting commercial and fidelity bonds...
Starr Receives Listing as Approved Surety from U.S. Treasury
Apr 20 2014 // Starr Companies has received approval from the United States Department of Treasury to list Starr Indemnity & Liability Co. as an approved surety. The Treasury listing enhances Starr Financial Lines’ Crime &...
