INSCO DICO Teams Up With Three Major Reinsurers

January 13, 2005

The Insco Dico Group, a leading writer of surety bonds, has announced the acquisition of additional reinsurance capacity that will now allow them to accommodate portions of the larger subdivision bond programs held by national builders and developers. Currently a premier writer of subdivision accounts across the country, The INSCO DICO Group, comprised of Developers Surety and Indemnity (DSI) and Indemnity Company of California (ICC), using their new capacity will now be able to honor many of the requests for larger programs.

The Company was founded in 1979 by a group of developers to provide subdivision bonds to small and mid-sized builders, and since then has expanded its product line to include contract and commercial surety products. Due to the Company’s developer expertise, subdivision bonds have remained a core focus and Harry Crowell, Chairman, feels this increased capacity will serve well to expand market share across the country. “Over the last two years it has become evident that one of the most important factors in the future growth of The INSCO DICO Group, is further development of the subdivision line of business to include up to the largest, publicly owned homebuilders and developers,” said Crowell.

With the projected increases for subdivision bonds driven by the unprecedented demand for housing, this additional capacity arrives at a perfect time. The extra reinsurance capacity allows The INSCO DICO Group to serve the regional project-by-project needs of the large national builder/developer, as well as continue to service the bond requests of their long-term local and regional clients.

The INSCO DICO Group fulfills a major need for builders/developers throughout the country and will concentrate its effort in servicing larger clients as well as continuing service to smaller developers. David Rhodes, Chief Underwriting Officer, is looking forward to working on the larger programs especially “with new offices in Baltimore, Atlanta and Tampa, and 15 total in strategic locations, our nationwide regional presence provides our accounts with the responsive service that is expected in today’s market.”

The new subdivision bond capacity will be available to developers through the INSCO DICO Group’s network of growing surety professionals. Contact the company for a new appointment. The Insco Dico Group specializes in subdivision, contract and commercial surety. Visit their Web site at www.InscoDico.com or call (800) 782-1546.

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