BMS Group, the independent specialist re/insurance broker, announce the acquisition of Calomex, the Mexico City-based specialist reinsurance broker, by BMS Re. The terms of the transaction were not disclosed. Established in 1996, Calomex delivers reinsurance solutions to Mexican surety providers, …
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 see, according to a new AM Best report. …
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 insurance and surety broker, with a particular focus …
Arch Insurance North America announced that Stephen Ruschak has been hired as executive vice president, Surety. Ruschak most recently was chief executive officer of The Guarantee Company of North America. In this role, Ruschak will have responsibility for Arch’s Surety …
Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its global surety team with the addition of Andrew Adams as head of Surety in Canada. In this new role, Adams will establish and expand BHSI’s contract and commercial surety relationships …
Berkshire Hathaway Specialty Insurance (BHSI) announced it is entering the surety market in Australia and has named Jonathan Griffiths as head of Surety, Australia. BHSI will focus on providing contract surety solutions for large and mid-sized contractors throughout Australia. The …
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is to broaden the range of product lines underwritten by its French operation and increase the size of its team. It will also make a series of investments in its French …
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 builds upon a previously approved …
