Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
EPIC Names Tan Surety Manager in Northern California
May 27 2016 // EPIC Insurance Brokers and Consultants has named Nick Tan surety manager. Tan will be based in EPIC’s San Ramon, Calif. construction services practice and report to Brian Quinn, regional director of...
Ironshore Appoints Nariño to Head Latin American Surety Lines Out of Miami
May 5 2016 // Ironshore Inc. announces that Adriana Nariño has joined as head of Surety for the Latin American Group, expanding capabilities for this specialty sector within the region. Narińo has more than 20 years’ experience...
Ironshore Acquires Remaining Interest in Lexon Surety
Apr 11 2016 // Bermuda-based specialty insurer Ironshore Inc. said it will acquire the remaining 80 percent equity interest in Lexon Surety Group and its surety-related affiliates. Ironshore said it will be an all-cash transaction. Lexon...
Oregon PGE Sues Backers of Construction Bond for $180M over Shoddy Work
Mar 31 2016 // A Portland, Ore.-based electricity provider that fired the contractor building its natural gas plant in Boardman is suing the backers of a bond guaranteeing construction. The East Oregonian reported Portland General...
Marsh Hires McDonough as Northeast Construction & Surety Practice Leader
Mar 17 2016 // Marsh announced that Rob McDonough is joining the broker to lead its Construction & Surety Practice in the Northeast. In this role, McDonough will be responsible for overseeing Marsh’s risk advisory and...
Hyperion Unit, RKH Specialty, Acquires UK Surety Broker, PMG
Feb 1 2016 // Specialty lines broker, RKH Specialty, part of the Hyperion Insurance Group, has acquired the UK’s largest independent specialist Surety broker, PMG Financial Services Ltd., subject to regulatory approval. Barnaby...
Berkshire Hathaway Specialty Enters Asia Surety Market; Ho Named Head
Dec 9 2015 // Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it is entering the Surety market in Asia and has appointed Andrew Ho as Vice President, Head of Surety, Asia, based in Singapore. “Our expansion...
ACE Announces Future Leadership Team for Global Surety Business Unit
Dec 2 2015 // ACE Ltd. announced the leadership team it has appointed for the company’s Global Surety business unit, which will take effect upon completion of the acquisition of Chubb, expected in the first quarter of 2016. As...
Carwash Owners Sue New York City Over New Surety Bond Rules
Oct 22 2015 // A group of carwash owners have filed a lawsuit against New York City charging a new law illegally favors unionized carwashes. The Association of Car Wash Owners lawsuit centers on rules that require owners of nonunionized...
QBE Relocates Wulff to Hong Kong, Anticipating Growth of Credit & Surety in Asia
Sep 23 2015 // QBE Emerging Markets – Asia Pacific announced that its group general manager of Credit & Surety, Richard Wulff, will be relocating to Hong Kong from Singapore, effective January 2016. Wulff is relocating to...
Willis Names Wightman as Regional Surety Practice Leader
Sep 9 2015 // Willis North America has appointed David S.J. Wightman, as senior vice president and West Region surety practice leader, Willis North America. He is based in Houston. Wightman joins Willis from Aon where he most recently...
Treasury Increases Main Street America’s Surety Bond Capacity to $93.4 Million
Sep 1 2015 // 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 $93.4 million. The Jacksonville, Fla.-based super-regional...
Main Street America to Offer Surety, Fidelity Bonds in Louisiana
Aug 4 2015 // The Main Street America Group announced it has received regulatory approval from the Louisiana Department of Insurance to write commercial surety and fidelity bonds in the state. The business will be underwritten through...
ACE Taps Mandeville to Lead Surety Operations in West
Jun 26 2015 // Scott Mandeville has joined the ACE Group as vice president, Surety Underwriting, and regional manager for the Surety division in the Western region. The division includes the states of Alaska, Arizona, California,...
Alpha Mining Faces Surety Bond Challenge Due to Finances
Jun 2 2015 // Alpha Natural Resources Inc. no longer qualifies for a government program that subsidizes a share of mine cleanup insurance, requiring the coal company to find another way to cover roughly $400 million in liabilities,...
Jones Made a Name in Surety as a Common Sense Underwriter
Mar 31 2015 // Louis E. Jones had a reputation in the insurance industry as a common sense underwriter, and there were few contractors and home builders that he did not touch over the years, his friends say. Jones was born Nov. 9, 1931....
Main Street America Now Writing Surety, Fidelity Bonds in Mississippi
Mar 24 2015 // The Main Street America Group has received regulatory approval from the State of Mississippi Insurance Department to write commercial surety and fidelity bonds in the state, which will be underwritten through the...
QBE Europe Appoints Johnson Surety Underwriter; Targeting Growth
Jan 28 2015 // QBE European Operations, the group’s business insurance specialist, announced the appointment of Tom Johnson as Surety Underwriter within QBE’s Trade Credit and Surety department. He will take up his role in...
Lahn Joins OneBeacon Surety Group as Executive in Southwest
Jan 15 2015 // Michael Lahn has joined OneBeacon Surety Group as senior vice president of the Southwest region, which includes Arizona, Southern California, Hawaii, New Mexico, Nevada and Utah. Lahn has more than 20 years of surety...
Insuring Infrastructure Projects in Latin America
Nov 17 2014 // With its aging infrastructure, growing population and successful bids for mega-sports events like the 2016 Summer Olympics in Brazil, Latin America is offering the construction industry billions of dollars of opportunities...
