Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
Evergreen Acquires Pro Surety Bond in Nevada
Nov 2 2017 // Evergreen Insurance & Risk Management has acquired the assets Pro Surety Bond Inc. of Las Vegas, Nev. Terms of the deal were not disclosed. Pro Surety Bond delivers web-based insurance solutions with a focus on...
Everest Re Taps AXIS Re’s Heizmann as Head of European Credit & Surety
Oct 4 2017 // Everest Re Group Ltd. announced that Markus Heizmann will join Everest Reinsurance (Ireland), dac, as head of its Zurich-based credit & surety operations. He will work alongside Laurent Arnould, head of Financial...
General Indemnity Group Acquires Kansas’ Surety Support Services
Jul 20 2017 // General Indemnity Group LLC (GIG), a subsidiary of Boston Omaha Corp., has acquired Surety Support Services Inc., of Overland Park, Kansas. Tracing its origins back almost 40 years, Surety Support Services (SSS) provides...
Argo Surety Adds Liberty Mutual’s Bluzard in Houston Contract Surety Unit
Apr 12 2017 // Argo Surety has appointed James Bluzard as central region vice president for Contract Surety. Based in Houston, Bluzard is responsible for building out local office teams and supervision of underwriting and related...
Markel International Launches Surety Business; Team Leaders Appointed
Mar 9 2017 // Markel International, the London-based specialist insurer and Markel Corp. subsidiary, has launched a surety offering, following the appointment Damian Manning to head the new team and David Chandler as senior...
New Bill Grants Bonding Assistance to Small Businesses in New Jersey
Mar 6 2017 // A recently passed bipartisan bill in New Jersey has brought good news to small businesses that want to participate on public construction projects. Senate Bill 123, signed by Gov. Chris Christie on Jan. 4, introduces a new...
Markel International to Enter Surety Market in March 2017
Feb 16 2017 // Markel International, the London-based specialist insurer and subsidiary of Markel Corp., will enter the surety market in March this year, following the appointment of two senior underwriters with over 30 years’...
Markel to Acquire Surety Company SureTec for $250 Million
Feb 2 2017 // Markel Corp. has agreed to acquire surety firm SureTec for approximately $250 million, inclusive of a three-year earn out. SureTec is one of the largest privately owned surety companies in the U.S. SureTec’s largest...
New Bill Grants Bonding Assistance to Small Businesses in New Jersey
Jan 25 2017 // A recently passed bipartisan bill in New Jersey has brought good news to small businesses that want to participate on public construction projects. Senate Bill 123, signed by Governor Chris Christie on January 4,...
Accredited Surety and Casualty Enters Agreement with Miami-Based Cinium Financial Services
Jan 25 2017 // Accredited Surety and Casualty Company, Inc. (ASC), a subsidiary of Randall & Quilter (R&Q), has entered into an agreement with Cinium Financial Services Corp., based in Miami. Cinium specializes in providing...
Argo Surety Names Layman VP, Chief Underwriting Officer
Jan 11 2017 // Argo Surety, a Houston-based member of Argo Group International Holdings Ltd., has appointed David M. Layman as vice president and chief underwriting officer (CUO) of Contract Surety. Layman will be responsible for...
2017 Changes to Used Car Dealer Bonds in New York
Dec 16 2016 // Those in the business of selling used cars in the state of New York will need to comply with new surety bond requirements in the spring of 2017. The car dealer bond is part of the licensing criteria enforced by the New...
Main Street America’s Surety Bond Capacity Increased to $98M
Dec 12 2016 // 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 $98.6 million. The super-regional property/casualty insurance...
Beazley Adds Miami-Based Vieira to Specialty Surety Treaty Team
Nov 16 2016 // Beazley, a provider of specialist reinsurance, has added Stephan Vieira as a reinsurance underwriter in its Specialty Surety Treaty unit, providing treaty and facultative reinsurance for surety and ancillary...
Bonding Requirement Added for Maryland Structured Settlement Companies
Oct 28 2016 // A new bonding requirement for structured settlement factoring companies in Maryland took effect on October 1. The bonding requirement was introduced with the passing of Maryland Senate Bill 734 which specifies a number of...
QBE Approved by Treasury for $73.5 Million in Surety Bond Capacity
Sep 16 2016 // QBE Insurance Corp. (QBEIC) has been approved by the United States Department of Treasury as a Certified Company with an underwriting limitation (also referred to as a Treasury Listing) of $73.5 million per bond. This...
Vermont Law Tightens Regulation for Consumer Litigation Funding Companies
Aug 24 2016 // A new Vermont law introduces changes to the legal requirements for consumer litigation funding companies in the state. These companies will now need to get licensed and post a surety bond in order to operate...
AXIS’ Pesce Joins Navigators to Launch Surety Unit
Jun 22 2016 // Navigators Management Co., a division of the specialty insurance holding company The Navigators Group, has hired David Pesce to launch a new Contract and Commercial Surety department. Based in Iselin, New Jersey, Pesce...
What Agents Should Know About the Surety Bond Market
Jun 20 2016 // As a property/casualty insurance agent, you’re used to focusing on providing your clients with top-quality service and serving as a great resource for all insurance questions they might have. Then suddenly your...
Aspen Appoints Global Leaders for Surety and Credit & Political Risk
May 31 2016 // Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Ltd., has announced the appointments of Mike Toppi as global head of Surety Risk and Paul Sanders as global head of Credit & Political...
