Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
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.,...
Maine Nursing Home Vows to Correct Deficiencies Including Surety Bond
Nov 22 2006 // The administrator of a Canton nursing home said a plan to address “serious deficiencies” cited by state overseers has been submitted to the Maine Department of Health and Human Services. The filing follows an...
Guy Carpenter Names Farricker Sr.VP-Global Surety
Nov 16 2006 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of Ken Farricker as Senior Vice President in its Global Surety Specialty...
Surety Bond Groups Hail SBA’s Small Contractor Rule Changes
Oct 11 2006 // The Small Business Administration recently took what the surety bond industry believes is an important step to reinvigorate the government’s Surety Bond Guarantee Program. SBA is proposing rules intended to make...
HKMB Names Parker VP/Surety Solutions
Aug 15 2006 // Canada’s HKMB International Insurance Brokers announced that Kelly A. Parker has joined the firm’s Toronto office as Vice President & Practice Leader, HKMB Surety Solutions. She “will join...
Ohio Century Surety Adds New Ocean Marine Line of Business
Aug 9 2006 // Columbus, Ohio-based Century Surety Co., a subsidiary of ProCentury Corp., announced today that it is adding a new line of business to serve the needs of the ocean marine market. According to their written statement, this...
