Though commonly considered to be a form of insurance, surety
bonds are a financial instrument that many companies rely on to secure funding and acquire new business.
Additionally, Argo Surety
increased its commercial surety
capacity to USD100m for qualifying clients, it said and added that the company offers a full line of products and services to businesses in four primary segments, Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200.
He joins Axis Insurance Insurance following seven years at Berkley Surety
Group, where he was a key member of the senior management team with responsibility for all aspects of its contract surety
Clients opting for a surety
bond will not face charges for failing to use the surety
program extended to them by their bonding companies.
In addition to the surety
product, both contract surety
and commercial surety
, Maroney has a wide range of expertise in financially sensitive insurance products such as Fidelity Insurance (Commercial and Financial Institutions), Directors and Officers Legal Liability Insurance, Employment Practices Liability Insurance, Pensions Trust Liability Insurance and various other forms of Errors and Omissions Insurance.
guarantees the performance of obligations covered by a written agreement between two parties.
South Coast Surety
is a National Managing General Underwriting Surety
Only Agency headquartered in San Clemente, CA.
This is the third acquisition for GIG in the surety
From a pricing perspective, the overall surety
marketplace remains a buyers' market, driven by a few key factors.
bond is also a credit-based financial instrument.
The company has also announced appointment of Javier Torrevejano as surety
underwriting manager, Iberia.
In his new role, Pesce will be responsible for building and managing Axis Insurance's surety
bond business in the US.