Surety - Latest Insurance News

Zurich in Alliance with Italy’s SACE to Promote Global Surety Business

Dec 2 2010 // Zurich North America announced from its Illinois headquarters that its International Surety, Credit & Political Risk group has executed an alliance agreement with SACE, Italy’s insurance and financial group...

XL Adds Two Execs to Lead Surety Division

Nov 15 2010 // Insurer XL appointed David S. Hewett as executive vice president and William J. Mills Jr. as senior vice president to lead its surety division. Hewett joins XL from Zurich where he served as executive vice president and...

Travelers to Acquire Interest in Brazilian Surety Specialist J. Malucelli

Nov 5 2010 // The Travelers Companies announced that it has entered into a joint venture agreement under which it will invest in J. Malucelli Participações em Seguros e Resseguros S.A., “the market leader in the...

Great American Unveils Commercial Surety Online Underwriting System

Aug 5 2010 // The Bond Division of Great American Insurance Group, headquartered in Cincinnati, Ohio, announced the launch of mySurety, a commercial surety online underwriting and bond issuance system, a Web-based platform for agents to...

Hanover Expands Western Surety Business With ICW Group Agreement

Aug 2 2010 // Worcester, Mass.-based The Hanover Insurance Group Inc. has closed on an agreement with ICW Group that is designed to enhance The Hanover’s surety capabilities in the West, including Arizona, California, Colorado,...

The Hanover Expands Western Surety Business With ICW Group Agreement

Jul 14 2010 // Worcester, Mass.-based The Hanover Insurance Group Inc. has closed on an agreement with ICW Group that is designed to enhance The Hanover’s surety capabilities in the West, including Arizona, California, Colorado,...

OnPoint Underwriting Adds Surety Bond Coverage for Tribal Clients

Jun 9 2010 // OnPoint Underwriting, a managing general agency, now has the ability to write tribal surety with a large carrier with more than 15 years of experience serving tribal nations. The carrier, rated “A” with A.M....

Cavignac & Associates Appoints Brouwer Surety Department Manager

Jun 9 2010 // San Diego-based risk management firm Cavignac & Associates has named Gerrit (Gary) Brouwer surety department manager. A 29-year veteran of the surety bond industry, Brouwer will serve as the primary liaison between the...

Stein to Lead Western National’s New Surety Business

May 11 2010 // Western National Insurance Group, headquartered in Edina, Minn., has hired Daniel E. Stein to lead the group’s upcoming entry into surety business. Stein joins Western National with more than a decade of...

Liberty Mutual Surety Introduces Liberty SuretyFirst

Apr 22 2010 // Liberty Mutual Surety has introduced Liberty SuretyFirst as its new operating unit exclusively serving independent agents whose customers have small to mid-sized bonding capacity needs. Liberty SuretyFirst provides the...

Oklahoma’s Insurica Adds Rosenhamer to Surety Practice

Apr 19 2010 // Oklahoma City-based Insurica Insurance Management Network has hired Dillon B. Rosenhamer of Edmond, Okla., to augment the company’s surety practice. Rosenhamer has experience in the banking industry, most recently as...

Florida Orders Infinity Surety, Abba Bonding to Halt Sales

Apr 9 2010 // Florida insurance regulators have ordered two firms to stop selling unauthorized surety insurance. The Office of Insurance Regulation (OIR) issued an order to Infinity Surety Co., Infinity Surety Agency and its president...

Zurich Surety, Credit in Alliance with Korea Export Insurance Corp.

Feb 24 2010 // Zurich announced that its North America Surety, Credit & Political Risk group has completed a Memorandum of Understanding (MOU) with the Korea Export Insurance Corporation (KEIC), an export insurance agency supported...

Louisiana Files Suit Against Surety Bond Insurer with Texas Ties

Jan 10 2010 // The Louisiana Department of Insurance filed a lawsuit in late December 2009 against Infinity Surety of Louisiana Inc., Infinity Surety Agency LLC and George D. Black (collectively, Infinity Surety) alleging the firm has...

Little Joins Cavignac & Associations as Surety Account Manager

Jan 6 2010 // Mark Little has been hired by San Diego-based Cavignac & Associates as surety account manager. Little brings to Cavignac & Associates five years of experience in the construction and surety industry. In his new...

Main Street America Acquires Texas Surety Business from CAIC

Jan 4 2010 // Houston-based CAIC Holding Co.Inc. (CAIC) has sold its surety division to property/casualty insurance carrier The Main Street America Group, based in Jacksonville, Fla. The firms said the agreement is effective Jan. 4,...

New Requirements Drive Need for Surety Bonds in Texas and Arkansas

Dec 14 2009 // At least four new surety bonds have hit the market in Texas and Arkansas in the last six months, part of a wave of new bonding requirements nationwide. Brokers in both states are working to stay on top of the new mandates....

New Requirements Drive Need for Surety Bonds

Dec 6 2009 // At least four new surety bonds have hit the market in Texas and Arkansas in the last six months, part of a wave of new bonding requirements nationwide. “This past year has seemed to be especially active statutorily...

Requirements Drive Need for Surety Bonds