Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
Berkshire Hathaway Specialty Enters Asia Surety Market; Ho Named Head
Dec 9 2015 // Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it is entering the Surety market in Asia and has appointed Andrew Ho as Vice President, Head of Surety, Asia, based in Singapore. “Our expansion...
ACE Announces Future Leadership Team for Global Surety Business Unit
Dec 2 2015 // ACE Ltd. announced the leadership team it has appointed for the company’s Global Surety business unit, which will take effect upon completion of the acquisition of Chubb, expected in the first quarter of 2016. As...
Carwash Owners Sue New York City Over New Surety Bond Rules
Oct 22 2015 // A group of carwash owners have filed a lawsuit against New York City charging a new law illegally favors unionized carwashes. The Association of Car Wash Owners lawsuit centers on rules that require owners of nonunionized...
QBE Relocates Wulff to Hong Kong, Anticipating Growth of Credit & Surety in Asia
Sep 23 2015 // QBE Emerging Markets – Asia Pacific announced that its group general manager of Credit & Surety, Richard Wulff, will be relocating to Hong Kong from Singapore, effective January 2016. Wulff is relocating to...
Willis Names Wightman as Regional Surety Practice Leader
Sep 9 2015 // Willis North America has appointed David S.J. Wightman, as senior vice president and West Region surety practice leader, Willis North America. He is based in Houston. Wightman joins Willis from Aon where he most recently...
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...
