Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
Hudson Insurance Acquires Surety Partners’ Northeast Operation
Nov 13 2014 // Hudson Insurance Group has acquired the underwriting operations of Surety Partners of America, Northeast, which is based in Chester, New Jersey. Surety Partners of America, which was formed in 2009, is licensed and...
ACE Expands Europe Surety Team With Villette Appointment
Sep 30 2014 // ACE Group has announced the appointment of Charles Villette as surety underwriting manager in Germany, as it further expands its surety capabilities in Europe’s biggest economy. Charles Villette will be responsible...
Hull to Head Surety for Willis
Sep 16 2014 // Global insurance and reinsurance broker Willis Group Holdings has appointed Scott Hull as executive vice president and head of Surety. Hull will be responsible for directing surety operations across Willis’ platform,...
M3 Insurance Promotes Schreiber to Surety Account Executive
Jul 16 2014 // Wisconsin-based independent insurance agency M3 Insurance has promoted Travis Schreiber to surety account executive. Schreiber serves as M3’s in-house surety expert and advisor, managing relationships between surety...
McClellan, McVicker Head New Zurich Contract Surety Teams
Jul 11 2014 // Zurich North America announced the creation of two contract surety teams focused on specific customer segments—one for middle market contract surety and one for large accounts. Tom McClellan will head up Middle Market...
Johansson to Head Wood Gutmann & Bogart’s Surety Division in California
Jun 27 2014 // Wood Gutmann & Bogart Insurance Brokers has hired Erik Johansson to head its new division, Performance Bonding Surety & Insurance Brokerage L.P. Johansson will serve as president of the division. He has written...
Ironshore Increases Stake in Lexon Surety
Jun 26 2014 // Ironshore Inc. has increased its ownership of Lexon Surety Group to 20 percent under an option that it received as part of its initial investment in Lexon in 2013. Ironshore’s insurance subsidiaries will continue to...
Berkshire Hathaway Specialty Jumps Into Surety with Zurich’s Delisio
Jun 12 2014 // Continuing with its rapid expansion, Berkshire Hathaway Specialty Insurance is moving into the surety market, focusing on contract surety business. The company has appointed Geoff Delisio as senior vice president of...
Argo Surety, SureTec Launch Mid-Market Surety Program
Jun 11 2014 // Argo Surety, together with SureTec Financial Corp., is now providing expanded combined capacity for the middle market contract surety segment. Through the new program, Argo Surety and SureTec can extend up to $50 million...
Farrell Promoted to Surety Underwriter at Michigan’s J.M. Wilson
Apr 22 2014 // Portage Mich.-based managing general agency and surplus lines insurance broker, J.M. Wilson, has promoted Stephanie Farrell to surety underwriter. Farrell will be responsible for underwriting commercial and fidelity bonds...
Starr Receives Listing as Approved Surety from U.S. Treasury
Apr 20 2014 // Starr Companies has received approval from the United States Department of Treasury to list Starr Indemnity & Liability Co. as an approved surety. The Treasury listing enhances Starr Financial Lines’ Crime &...
Kinetic Insurance Brokers to Provide New Surety Bond Facility for UK, EU
Mar 14 2014 // Lloyd’s broker, Kinetic Insurance Brokers Limited announced that it has “entered into a multi-million pound underwriting agreement with Gable Insurance AG to underwrite Specialist Commercial Surety Bonds within...
Willis North America Adds Folkerts as Surety Manager in Oklahoma
Feb 5 2014 // Willis North America, a unit of global risk advisor and insurance broker Willis Group Holdings, has appointed Renee Folkerts as surety manager at Willis of Oklahoma. Folkerts will be responsible for client service and...
Marsh & McLennan Agency Acquires North Carolina Surety Bond Agency
Feb 5 2014 // Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh, said it has acquired The Bond Network, a surety bonding agency based in Charlotte, North Carolina. Terms of the transaction were not...
Argo Surety to Issue Surety Bonds in Europe for U.S. Clients
Dec 5 2013 // Argo Surety, a division of Argo Group International Holdings, Ltd., now has the capability to issue surety bonds throughout the European Union (EU). Policies will be written through Argo Group’s European subsidiary,...
Liberty Mutual to Enter Mexico with Acquisition of Surety Company
Nov 13 2013 // Liberty Mutual Insurance said it will acquire Mexican surety company Primero Fianzas from Grupo Valores Operativos Monterrey, a private investor group. The company said the acquisition will enable Liberty Mutual Surety, a...
ACE Appoints Senior VP for ACE USA Surety Unit in New York
Oct 21 2013 // ACE USA, the U.S.-based retail operations of the ACE Group, appointed Teresa Black to the newly created role of senior vice president and chief operating officer for the ACE USA Surety unit. Black, who most recently served...
Freedom Specialty Insurance Enters Surety Market, Hires Albanese as VP
Sep 16 2013 // Freedom Specialty, with the backing of Nationwide Insurance, has expanded into the surety segment and named Antonio C. Albanese vice president of the new product line. Albanese will be responsible for building and managing...
Ironshore Adds Surety Capacity Through Lexon, Boston Indemnity Group
Jul 29 2013 // Ironshore Inc. and Lexon Surety Group are broadening their strategic alliance by providing additional capacity for Boston Indemnity Group (BIG), a subsidiary of Lexon and a privately-held insurance holding company...
Lance Surety Launches New Program to Meet FMCSA Bond Increase Requirement
Jul 19 2013 // Lance Surety Bond Associates, Inc. has launched a new program addressing the $75,000 Freight Broker Bond requirement that will take effect later this year. The Moving Ahead for Progress in the 21st Century Act (MAP 21)...
