Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
Hilb Group Acquires Pennsylvania’s Wharton Surety Consultants
Feb 10 2022 // The Hilb Group announced that it has acquired Wharton Surety Consultants, expanding its growing presence in the Philadelphia area. The transaction became effective December 31, 2021. Based in Wayne, Pennsylvania, Wharton...
The Relationship between You, Your Agent and Your Surety
Jan 12 2022 // This post is part of a series sponsored by Old Republic Surety. Commercial clients who are new to surety sometimes need help to understand the three-way relationship between their company, you (as their independent agent...
Xenia Broking Buys Trade Credit & Surety Business From Tysers
Jan 12 2022 // The credit insurance and surety specialist, Xenia Broking Group Ltd., announced it has acquired the UK whole turnover trade credit and surety business of Tysers Insurance Brokers Ltd. The transaction completed onJan. 11,...
People Moves: WTW Hires Magilton to Lead Canada Risk & Broking, Powney to Head Surety for Europe/UK; Hiscox Re & ILS Names MS Amlin’s Wilken as CUO
Jan 6 2022 // This edition of International People Moves details appointments at Willis Towers Watson and Hiscox. A summary of these new hires follows here. WTW Hires Canada Risk & Broking Leader, Europe/UK Practice Leader for...
Infrastructure Investment Package Expected to Boost Surety Market: AM Best
Dec 20 2021 // The recently enacted $1.2 trillion U.S. infrastructure package is expected to result in more business opportunities for surety companies given the new and sizable investments that the transportation and energy sectors will...
Commercial Surety 101: Why Contractors Need to Be Licensed and Bonded
Dec 15 2021 // This post is part of a series sponsored by Old Republic Surety. As you build a book of bond business to better serve your commercial clients, you’ll be surprised to learn how many need to be licensed and bonded....
Future of Surety: Why the Industry Needs Knowledge Transfer and Education Now
Dec 6 2021 // Surety requires a highly complex and specialized form of underwriting. It is also an excellent career path for those who thrive on complex challenges, have a genuine interest in buildings and infrastructure, and enjoy...
Florida Man and Three Others Sentenced for Millions in Fake Construction Bonds
Dec 3 2021 // A federal judge in Miami sentenced four men to at least two years in prison each for a scheme that sold worthless construction bonds for major building projects in 2015. Working under the name of Hampton Investment Fund,...
Xenia Buys UK Trade Credit and Surety Broker, Peter Hill Credit & Financial Risks
Dec 1 2021 // The credit insurance and surety specialist, Xenia Broking Group, announced it has acquired Peter Hill Credit & Financial Risks Ltd., based in Northampton, England. Peter Hill is a leading specialist trade credit...
How the Cost of a Contract Bond Is Determined
Oct 27 2021 // This post is part of a series sponsored by Old Republic Surety. The business of surety and fidelity bonding represents a growing segment of the insurance industry. Surety companies are eager to partner with independent...
Translating the Top 5 Most Cringeworthy Surety Conversations
Oct 13 2021 // This post is part of a series sponsored by Old Republic Surety. As an independent insurance agent, you’ve probably had an awkward moment or two with clients. They’re good learning experiences. In this article,...
Arthur J. Gallagher Acquires Arkansas’ Alpha Surety & Insurance
Sep 30 2021 // Arthur J. Gallagher& Co. has acquired Little Rock, Ark.-based Alpha Surety & Insurance Brokerage LLC. Terms of the transaction were not disclosed. Founded in 2002, Alpha Surety focuses primarily on selling direct...
Colonial Surety Launches Cyber and Fiduciary Package for Retirement Planning
Sep 28 2021 // Colonial Surety, a direct and digital insurer, expanded its fiduciary liability product offering for plan sponsors – businesses that offer retirement plans – with a new, two-part package that includes cyber liability...
4 Things You Didn’t Know about Surety
Sep 9 2021 // This post is part of a series sponsored by Old Republic Surety. Just as property-casualty agents know that insurance is fun and fascinating, bond producers and underwriters find surety to be fun and fascinating, too. Here...
People Moves: Aon Reinsurance Appoints 6; TigerRisk Hires Edwards from Lloyd’s; Nexus Names Tan Head of Treaty; Riveros to AXIS Re for Credit & Surety
Aug 23 2021 // This edition of International People Moves details reinsurance-related appointments at two brokers: Aon Reinsurance Solutions and TigerRisk as well as MGA Nexus and AXIS Re. A summary of these new hires follows here. Aon...
Why Agents Should Specialize in the Commercial Surety Space
Jun 21 2021 // Agents with clients who need license and permit bonds, miscellaneous bonds, court bonds or any number of bonds classified as “commercial,” should think twice about letting this business go to a competitor....
8 Tips to Increase Your Agency’s Surety Bond Business
Jun 18 2021 // This post is part of a series sponsored by Old Republic Surety. There’s a significant surety revenue stream hiding within the average independent agency’s book of commercial business. Need clues? Here are eight...
AM Best Removes Ratings of Louisiana’s Gray Casualty & Surety from Under Review
Jun 11 2021 // AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Gray Casualty...
People Moves: National Interstate Promotes Mikolay, Keenan; Old Republic Surety Names Littlefield VP
May 17 2021 // National Interstate National Interstate Insurance Co. has promoted Christopher (Chris) E. Mikolay to senior vice president, Specialty Division and Daniel (Dan) M. Keenan to vice president, National Accounts. Mikolay will...
Why Character Is So Important for Underwriting Surety Bonds
Apr 8 2021 // This post is part of a series sponsored by Old Republic Surety. When a surety company asks personal questions of construction clients, they may think the surety is too invasive. Here’s why the answers to those...
