Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
People Moves: NFP Hires Hawley as SVP in its Surety Practice
Jan 31 2023 // NFP Hires Hawley as Senior Vice President in its Surety Practice NFP, a New York, NewYork-based property and casualty broker, benefits consultant, wealth manager, and retirement advisor, has hired Aaron Hawley as a senior...
Surety Bonds Offer Protections and Economic Benefits to Both Public and Private Sector Construction
Jan 31 2023 // This post is part of a series sponsored by IAT Insurance Group. The perfect storm of inflation, supply-chain disruptions and ongoing labor shortages is adding additional risk factors to construction projects in...
Hilb Group Acquires Oak Ridge Surety Agency in Pennsylvania
Jan 12 2023 // The Hilb Group has acquired Oak Ridge Surety Agency in West Chester, Pennsylvania, which specializes in surety bond programs and commercial insurance. Martin Hellman and his team of insurance professionals will become part...
AmTrust Acquires Surety MGA CMGIA in California
Nov 4 2022 // AmTrust Financial Services Inc. acquired Contractor Managing General Insurance Agency Inc. in California. CMGIA will offer surety bonds to small to mid-size contractors across 50 states. The company is led by Stephanie...
What Surety Underwriters Review on Your Bond Applications and Construction Contracts
Aug 5 2022 // This post is part of a series sponsored by Old Republic Surety. Why do surety underwriters ask so many questions of construction contractors? We have answers for you to share with your construction insurance clients. And...
The Independent Agent’s Role in the Surety ‘Trust Triangle’
Jul 29 2022 // This post is part of a series sponsored by Old Republic Surety. Large surety accounts aren’t handled as mere transactions. They require a relationship based on mutual trust in which the independent agent plays a...
BMS Re Acquires Mexican Surety Reinsurance Broker Calomex
Jul 25 2022 // BMS Group, the independent specialist re/insurance broker, announce the acquisition of Calomex, the Mexico City-based specialist reinsurance broker, by BMS Re. The terms of the transaction were not disclosed. Established...
5 Helpful Tips for New Surety Producers
Jul 18 2022 // This post is part of a series sponsored by Old Republic Surety. Many independent surety bond producers are approaching retirement age. At the same time, government construction contractors who rely on surety bonds are...
Arthur J. Gallagher Acquires Surety Associates of Southern California
Jul 5 2022 // Arthur J. Gallagher & Co. acquired La Mesa, Calif.-based Wrightman, Inc., doing business as Surety Associates of Southern California Insurance Services. Cyndi Beilman and her associates will continue to operate from...
How to Prequalify a Surety ― and Why It’s So Important
Jun 15 2022 // This post is part of a series sponsored by Old Republic Surety. Any insurance agency that has a book of surety business can use the information here about prequalifying a surety company. The number of surety companies...
People Moves: UFG Surety Names Daniels Regional Manager in Northwest; Risk Placement Services Adds Marks in Transportation
Jun 2 2022 // UFG Surety named Brian Daniels as a regional manager overseeing expansion of its surety bonding business into the Northwestern U.S. Daniels is located in Seattle, Washington. UFG Surety is the surety division of UFG...
Insurance Technology: Socotra Snaps Up Startup Portal; Marble Mobilizes Rewards App; RMS Unveils UnderwriteIQ; Vertafore Powers Tokio Marine Surety
May 26 2022 // Socotra Acquires Avolanta, Adding Unified Agent and Customer Portal Insurance carrier technology firm Socotra reports it has acquired Avolanta, a Columbia, South Carolina software startup offering a unified portal built...
Hilb Group Adds to Commercial Lines, Surety Business in Tri-State Region
May 25 2022 // The Hilb Group said it has acquired a book of commercial property/casualty insurance and surety bond business in its tri-state region of operations. The company said that the seller, Scott Kuzmic, a commercial...
Cross-Selling Opportunities in Commercial Surety
May 12 2022 // This post is part of a series sponsored by Old Republic Surety. Cross-selling surety and commercial insurance makes marketing sense: Boosting your exit barriers increases your value. An insurance agent who can accommodate...
Markets/Coverages: Marsh Renewable Energy; Main Street Farm; Munich Re Surety; Skyward Crane & Rigging; Draftrs Professional Liability
May 12 2022 // Marsh Launches Renewable Energy Facility Insurance broker Marsh announced the launch of a renewable energy facility that provides streamlined, dedicated insurance capacity for mid-scale solar and battery energy storage...
People Moves: Oberg Joins S&S Marine; UFG Surety Adds Kyner, Virginia Office
May 3 2022 // Oberg Joins S&S as Commercial Account Executive Rhode Island-based Starkweather & Shepley Insurance Brokerage (S&S) reports that Nathan Oberg has joined its commercial division and will focus on the marine...
People Moves: Quigley Ascot’s Surety Lead; Olson Named Zurich N.A. Head of Programs
Apr 26 2022 // Quigley Named Ascot’s Head of Surety Ascot appointed Tara Quigley executive vice president and head of Surety. She will be responsible for developing, and managing Ascot’s Surety portfolio across the U.S. Her...
People Moves: Argo’s Betz Leads New Applied Surety Team; Hartford’s Cushing Joins Zurich Construction; Hub Names Frattarola HNW Leader; Cline Succeeds Berg at ACT
Mar 21 2022 // Betz to Lead New Applied Surety Operation Applied Underwriters continues its specialty lines expansion with the launching of Applied Surety Underwriters. Based in Houston, this new division will focus on large, commercial...
Choosing a Bond Producer for the Long Run
Mar 7 2022 // This post is part of a series sponsored by Old Republic Surety. How do contractors evaluate their surety bond producers? Old Republic Surety Company offers guidance that you, as an independent surety bond agent who is...
Market Your Agency to Build a Profitable Book of Surety Bond Business
Feb 22 2022 // This post is part of a series sponsored by Old Republic Surety. Do you want to build a book of surety business at your agency, but you’re not sure how to get started? Have you been selling surety bonds, but want to...
