Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
Thomas to Head New Argo Surety Unit
May 6 2008 // The Bermuda-based Argo Group International Holdings Ltd. announced the formation of Argo Surety, to conduct surety business. The new unit remains part of Argo Group’s existing Commercial Specialty segment. Argo has...
People
May 5 2008 // M.J. Hall and Company Inc., a managing general agent and surplus lines wholesaler based in Stockton, Calif., opened an office in Plano, Texas, and named Brett Amick as vice president and branch manager. Amick and his team...
Prior Named president of ICW Group Independence Casualty and Surety Subsidiary
Apr 15 2008 // San Diego-based ICW Group, a group of insurers, announced it has named Kevin Prior president of its Independence Casualty and Surety (ICS) subsidiary. Prior, whose career at ICW Group spans 18 years, remains president and...
San Diego Cavignac & Assoc. Promotes Wager to Surety Manager
Feb 28 2008 // Margie Wager has been promoted to surety department manager at Cavignac & Associates, a San Diego-based risk management and commercial insurance brokerage firm. In her new position, Wager will manage the firm’s...
Surety Expert Rons Joins Aon’s Denver Office
Feb 5 2008 // Aon Corporation has hired Scott Rons as assistant vice president, surety operations, for Aon Construction Services Group. Based in Denver, Rons will help enforce Aon Construction Services Group’s strategic commitment...
Unsure-ty: N.Y. Abruptly Pulls Bond Proposal for Small Contractors
Jan 13 2008 // Dinallo withdraws NYPIUA proposal without explanation; surety writers offer training program It took about a month for New York Insurance czar Eric R. Dinallo to back off a plan to allow the New York Property Insurance...
A.M. Best Puts Georgia Casualty & Surety Under Review Pending Deal
Jan 4 2008 // A.M. Best Co. has placed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Georgia Casualty & Surety Company under review with positive implications. The rating actions...
Ala.: Birmingham’s Casualty & Surety Buys JC Shannon Insurance
Jan 4 2008 // Birmingham, Ala.-based property and casualty brokerage firm, Casualty & Surety Inc., acquired JC Shannon Insurance Services Inc., of Fresno, Calif. JC Shannon specializes in truck physical damage and cargo coverage,...
Flood & Peterson Insurance Hires Surety Bond Expert
Dec 5 2007 // Flood & Peterson Insurance of Greeley, Colo., has added Rusty Lear, a 21-year veteran of the surety bonding industry, to its staff. Lear, who has worked in Colorado for 15 years, previously worked for eight years as...
Locked Into the Customer
Nov 18 2007 // The force behind Lockton’s phenomenal organic growth Insurance Journal is pleased to launch a new series of profiles of privately-held property/casualty independent insurance agencies that qualify for the annual...
N.Y. Weighs NYPIUA Offering Surety Bonds
Nov 18 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 on Dec. 14 to determine whether he will...
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...
