Ideally, contractors should have a surety
program created in advance-before a bond is needed, Gordon says.
Argo Group International Holdings Ltd (NASDAQ:AGII), an underwriter of specialty insurance and reinsurance products, revealed on Friday that Argo Surety
and the private surety
company SureTec Financial Corp, will provide expanded combined capacity for the middle market contract surety
According to Axis, Pesce will be responsible for building and managing Axis Insurance Insurance's surety
bond business in the US.
When comparing a surety
bond with a bank letter of credit, consider a variety of factors in addition to cost.
Bill Maroney's 32 years of surety
industry knowledge and achievement will be invaluable in overseeing the only trade association solely dedicated to the advancement of surety
bond producers," according to Richard Foss, executive vice president of NASBP.
5 billion in direct premiums written, according to the Surety
Association of America.
South Coast Surety
has announced that their Quick and Easy Contract Surety
Program is giving same day approvals with their Simple Contract Express Application.
s (NASDAQ: BOMN) General Indemnity Group, LLC, (GIG) surety
product subsidiary has acquired Kansas, US-based surety
services provider Surety
Support Services, Inc.
A key product for an owner looking to transfer performance or payment guarantee risk is a surety
bond is a three-party agreement designed to ensure an individual will perform according to the terms of a contract.
ACE will be providing customers from Spain and Portuguese with surety
products such as contract bid, performance and advance payment bonds; customs bonds; bonds to secure legal/regulatory obligations; and bonds to appeal adverse tax-related and civil judgements.
BANKING AND CREDIT NEWS-August 19, 2013--Pesce named US surety
director for Axis Insurance(C)2013 M2 COMMUNICATIONS http://www.