Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
AXIS Names Pesce Director for Surety in U.S.
Jul 2 2013 // Bermuda-based specialty lines in surer AXIS Capital Holdings Limited has named David Pesce as director of Surety for AXIS Insurance. He will be responsible for building and managing AXIS Insurance’s surety bond...
ACE Launches Surety Services in France, Joins Global Surety Association
Jun 25 2013 // The ACE Group has expanded its international surety capabilities in Continental Europe, by launching services in France and making a new executive appointment to lead this initiative. Aymeric Vinet Desrues joins ACE as...
N.J.-Based Surety Partners of America Names COO
Jun 24 2013 // Nicholas Solimo has joined Morristown, N.J.-based Surety Partners of America as chief operating officer. He previously served as senior director of global operations for Roche Inc. based in Branchburg, N.J.Nicholas...
ACE Appoints Martinez to Lead Latin America Surety Operations
Jun 14 2013 // The ACE Group announced the appointment of Arturo Martínez as Vice President of Surety in Latin America and Director General of ACE Fianzas Monterrey, the second-largest surety writer in Mexico and the third-largest in...
Cross Insurance Launches Surety Bond Division in Northeast
May 29 2013 // Cross Insurance, an insurance brokerage and subsidiary of Bangor, Maine-based Cross Financial Corp., announced the establishment of a new division specializing in surety bonds. Cross Surety Inc., with offices in Dalton,...
ACE Completes Acquisition of Mexican Surety Lines Company Fianzas Monterrey
Apr 2 2013 // ACE Limited announced that it has completed the acquisition of Fianzas Monterrey in Mexico from New York Life Insurance Company for approximately $293 million in cash. The bulletin said: “Mexico City-based Fianzas...
Ironshore, Lexon Surety to Offer Surety Bonds in U.S.
Mar 5 2013 // Ironshore Inc. and Lexon Surety Group have completed the first stage of a new strategic alliance in the surety market. Lexon writes over $100 million in direct written premium annually and is the 12th largest writer of...
Allied World Launches U.S. Surety Unit
Feb 27 2013 // Allied World Assurance Company Holdings, AG’s Allied World U.S. has expanded its casualty operations with the launch of a new surety line of business, available for clients in the United States. Robert Staples has...
Nevin Appointed President of United States Surety
Dec 12 2012 // HCC Insurance Holdings Inc., headquartered in Houston, has appointed Carol T. Nevin as president of United States Surety Co. (USSC), a member of the HCC Surety Group, effective Jan. 1, 2013. She will report to Adam S....
Marsh Names Moylan to Lead Newly Launched Surety Practice Unit
Nov 26 2012 // Marsh, the insurance broking division of N.Y.-headquartered Marsh & McLennan Cos., announced last week the launch of a global surety practice unit.David MoylanMarsh said its network of more than 200 surety specialists...
Montana Commissioner Orders Man to Pay $168K, Sold Fake Surety Bonds
Oct 26 2012 // Montana’s insurance commissioner has ordered a North Dakota man to pay $168,000 in fines and restitution for selling fake surety bonds for a construction project on the Fort Belknap Indian Reservation. The...
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...
