Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
Aspen Adds Two Execs to U.S. Surety Unit
Apr 12 2011 // Specialty insurer Aspen has added two execs to its Connecticut-based U.S. surety team. James Mercier will serves as senior vice president, associate general counsel and claims, surety. Scott Sadowsky will serve as senior...
Aspen Launches U.S. Surety Unit
Mar 10 2011 // Specialty insurer Aspen has established a surety unit that will focus on public and private commercial and non-construction surety. Michael Toppi, executive vice president of Aspen U.S. Insurance, will lead the unit....
CNA Looks to Buy Remaining Shares of CNA Surety
Feb 4 2011 // CNA Surety Corp. reported net income for the fourth quarter of 2010 of $54.5 million compared to $49.3 million for the same period in 2009. For the year ended Dec. 31, 2010, net income was $134.4 million compared to $117.9...
Lischer Joins IMA of Colorado’s Surety Team
Jan 25 2011 // IMA of Colorado, Inc., a retail insurance brokerage based in Denver, has appointed Michael Lischer a surety account executive. IMA of Colorado is part of the IMA Financial Group Inc., a financial services company...
Willis Appoints Baechle as SVP of Illinois Surety Practice
Dec 16 2010 // Mark Baechle has been appointed senior vice president of Willis of Illinois Inc.’s Surety Practice, effective immediately. He will be responsible for managing the Surety operation in Willis’ Chicago...
Zurich North America Names Several Appointments in Surety
Dec 10 2010 // Zurich’s North America made several key appointments to its specialty lines Surety unit. The insurer promoted Michael Bond to head of Surety. In his 12 years with Zurich, Bond has had responsibility for numerous...
Zurich in Alliance with Italy’s SACE to Promote Global Surety Business
Dec 2 2010 // Zurich North America announced from its Illinois headquarters that its International Surety, Credit & Political Risk group has executed an alliance agreement with SACE, Italy’s insurance and financial group...
XL Adds Two Execs to Lead Surety Division
Nov 15 2010 // Insurer XL appointed David S. Hewett as executive vice president and William J. Mills Jr. as senior vice president to lead its surety division. Hewett joins XL from Zurich where he served as executive vice president and...
Travelers to Acquire Interest in Brazilian Surety Specialist J. Malucelli
Nov 5 2010 // The Travelers Companies announced that it has entered into a joint venture agreement under which it will invest in J. Malucelli Participações em Seguros e Resseguros S.A., “the market leader in the...
Great American Unveils Commercial Surety Online Underwriting System
Aug 5 2010 // The Bond Division of Great American Insurance Group, headquartered in Cincinnati, Ohio, announced the launch of mySurety, a commercial surety online underwriting and bond issuance system, a Web-based platform for agents to...
Hanover Expands Western Surety Business With ICW Group Agreement
Aug 2 2010 // Worcester, Mass.-based The Hanover Insurance Group Inc. has closed on an agreement with ICW Group that is designed to enhance The Hanover’s surety capabilities in the West, including Arizona, California, Colorado,...
The Hanover Expands Western Surety Business With ICW Group Agreement
Jul 14 2010 // Worcester, Mass.-based The Hanover Insurance Group Inc. has closed on an agreement with ICW Group that is designed to enhance The Hanover’s surety capabilities in the West, including Arizona, California, Colorado,...
OnPoint Underwriting Adds Surety Bond Coverage for Tribal Clients
Jun 9 2010 // OnPoint Underwriting, a managing general agency, now has the ability to write tribal surety with a large carrier with more than 15 years of experience serving tribal nations. The carrier, rated “A” with A.M....
Cavignac & Associates Appoints Brouwer Surety Department Manager
Jun 9 2010 // San Diego-based risk management firm Cavignac & Associates has named Gerrit (Gary) Brouwer surety department manager. A 29-year veteran of the surety bond industry, Brouwer will serve as the primary liaison between the...
Stein to Lead Western National’s New Surety Business
May 11 2010 // Western National Insurance Group, headquartered in Edina, Minn., has hired Daniel E. Stein to lead the group’s upcoming entry into surety business. Stein joins Western National with more than a decade of...
Liberty Mutual Surety Introduces Liberty SuretyFirst
Apr 22 2010 // Liberty Mutual Surety has introduced Liberty SuretyFirst as its new operating unit exclusively serving independent agents whose customers have small to mid-sized bonding capacity needs. Liberty SuretyFirst provides the...
Oklahoma’s Insurica Adds Rosenhamer to Surety Practice
Apr 19 2010 // Oklahoma City-based Insurica Insurance Management Network has hired Dillon B. Rosenhamer of Edmond, Okla., to augment the company’s surety practice. Rosenhamer has experience in the banking industry, most recently as...
Florida Orders Infinity Surety, Abba Bonding to Halt Sales
Apr 9 2010 // Florida insurance regulators have ordered two firms to stop selling unauthorized surety insurance. The Office of Insurance Regulation (OIR) issued an order to Infinity Surety Co., Infinity Surety Agency and its president...
Zurich Surety, Credit in Alliance with Korea Export Insurance Corp.
Feb 24 2010 // Zurich announced that its North America Surety, Credit & Political Risk group has completed a Memorandum of Understanding (MOU) with the Korea Export Insurance Corporation (KEIC), an export insurance agency supported...
Louisiana Files Suit Against Surety Bond Insurer with Texas Ties
Jan 10 2010 // The Louisiana Department of Insurance filed a lawsuit in late December 2009 against Infinity Surety of Louisiana Inc., Infinity Surety Agency LLC and George D. Black (collectively, Infinity Surety) alleging the firm has...
