Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
Argo Group Names Betz President of U.S. Surety Operation
Sep 21 2012 // Argo Group International Holdings Ltd. has promoted Josh Betz to president of Argo Surety, Argo Group’s Houston, Texas-based U.S. surety operation. He reports to Chief Financial Officer Jay Bullock. Betz previously...
OneBeacon Announces New Surety Group
Sep 10 2012 // OneBeacon Insurance Group, Ltd. has launched its newest specialty business—OneBeacon Surety Group. The new business will be managed by OneBeacon Surety Group President Chad Anderson and will focus on a variety of...
Help Contractors Prepare for the Rebound with Contract Bonds
Sep 10 2012 // Are you offering your commercial clients all the products and services they need? You may want to consider establishing a bond program for contractors. Bonds complement a commercial book because: Bonds boost retention by...
Smalling, Muller Join Tennessee’s Lexon Surety
Jul 6 2012 // Lexon Surety Group. a Hermitage, Tenn.-based surety bonds firm, has added two people to its executive team. Jeffery Smalling will be joining as assistant vice president of commercial surety. William Muller will be joining...
W.R. Berkley Appoints President for New Jersey-Based Surety Group
Jun 21 2012 // Greenwich, Conn.-headquartered W.R. Berkley Corp. appointed Andrew Tuma as president of Berkley Surety Group. The appointment is effective immediately. Tuma, who joined Berkley Surety in 2007, has over 25 years of...
Lexon Buys Florida’s Peninsular Surety
Jun 13 2012 // Lexon Insurance Co. in Hermitage, Tennessee, has agreed to a acquire all shares of Peninsular Surety Co. in Naples, Fla. Pending expectant regulatory approval by the state of Florida, Peninsular will become a wholly owned...
Gomez to Head Lockton Mexico P&C, Surety Operations
Jun 6 2012 // Lockton announced that Ana Luisa Gomez has joined the company as Managing Director and CEO of Lockton Mexico Agente de Seguros y Fianzas, for all property and casualty and surety business lines. Gomez has 20 years of...
Illiniois Agency Owner to Lead National Surety Bond Producer Group
May 23 2012 // Carl E. Dohn, Jr., president of Dohn & Maher Associates, a Palatine, Ill., insurance agency, has been installed as the president of the National Association of Surety Bond Producers (NASBP), an international trade...
NFP Property and Casualty Services Acquires Illinois’ Ameribonds Surety
Apr 11 2012 // National Financial Partners Corp. subsidiary, NFP Property and Casualty Services Inc. (NFP P&C), acquired Illinois-based Ameribonds Surety & Insurance Services (Ameribonds Surety), effective April 2, 2012, the...
Arch Capital Completes Acquisition of Ariel Re’s Credit & Surety Reinsurance
Apr 11 2012 // The Bermuda-based Arch Capital Group announced that it has officially acquired Ariel Re’s Credit & Surety reinsurance operations based in Zurich, as previously announced. The closing occurred at the same time as...
A.M. Best Affirms Ratings of Western Surety Group and Members
Apr 5 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of Western Surety Group (Western Surety), previously known as CNA Surety Corp. Group (CNA...
Arch Capital to Acquire Ariel Re’s Credit & Surety Reinsurance Operations
Mar 5 2012 // The selloff of various parts of Ariel Re continues, as Arch Capital announced that it will acquire Ariel Re’s Credit & Surety reinsurance operations based in Zurich. The news follows an earlier announcement that...
Willis Tabs Zurich Exec to Lead U.S. Construction Surety Business
Feb 23 2012 // Willis North America, a unit of global insurance broker Willis Group Holdings, appointed Sean McGroarty as New York-based national surety leader of Willis North America construction practice. Sean McGroarty Previously,...
Pennsylvania Insurance Department to Liquidate First Sealord Surety
Feb 13 2012 // The Pennsylvania Insurance Department Commissioner Michael Consedine announced last week that the Commonwealth Court has approved the department’s petition to liquidate First Sealord Surety Insurance. First Sealord,...
Torus Enters U.S. Surety Market
Dec 13 2011 // Torus has entered the U.S. surety market with the launch of Torus Surety and the acquisition of First Sealord Surety Inc. The deal should be finalized in January 2012. Torus Surety will focus on providing contract surety...
Best Places Ratings of First Sealord Surety Under Review/Negative
Dec 13 2011 // A.M. Best Co. has placed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Penna.-based First Sealord Surety, Inc. (FSSI) under review with negative...
Seneca Creates Surety Division
Nov 30 2011 // Seneca Insurance Companies has launched a new product line and operating division for contract and commercial surety. The contract surety side will focus on small and emerging construction, supply, furnish and installation...
Best Affirms Virginia Surety Co. Ratings; Outlook Positive
Nov 28 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Chicago-based Virginia Surety Company, Inc, both with positive outlooks. The...
XL’s Surety Unit Appoints Executive Underwriter in Baltimore
Nov 17 2011 // XL Group’s surety unit is expanding with the appointment of James Hoyas as vice president and executive underwriter. He is based in XL’s Baltimore office and reports to Bill Mills, senior vice president of...
New Main Street America Unit Targets Large Surety Accounts
Nov 9 2011 // The Main Street America Group has created a commercial surety national accounts unit to focus exclusively on large accounts. The unit will be staffed by Merritt Willits, Paul Bergenholtz and Adam Rehn. Willits, who has...
