Maloney, deputy chairman, Willis Construction Practice, said the surety
industry loss ratio has significantly increased in 2000, and reinsurers are not pleased with results and will probably change their financial terms with prime carriers.
As these new sales streams develop, we're pleased to add the strength of this leading surety
bond provider as we grow.
In the surety
bond marketplace, environmental contractors are perceived to be tough risks, however, in reality, they are preferred risks currently victimized by a troubled surety
industry with limited capacity," said Brook T.
For example, it would be advisable for the obligees under the bond to notify the surety
in writing of the fact that the contract that will be covered by the performance bond requires the contractor to perform some engineering services in connection with the work.
If you own common stock in CNA Surety
and wish to obtain additional information, please contact Joseph Klein, Esq.
The considerably popular in-house Express Contract Surety
programs have made significant impact on construction contractors as well as service and supply/install contract accounts.
South Coast Surety
reports that even though the online system is highly automated, their expert surety
staff monitors all activity confirming that applicant receives the very best terms available.
Without the AIG surety
bonds, WorldCom "could default on contracts that generate in excess of $2 billion of revenue per annum.
In addition to the successful support of our many brokers, South Coast Surety
has seen substantial growth in its primary website traffic, www.
Group was selected for the following honor:
Of the top five surety
writers in 2000, the first four--St.
SIO's Platinum award is given to members of the National Association of Surety
Bond Producers (NASBP) and The Surety
& Fidelity Association of America (SFAA) to recognize the success of an individual's overall actions in promoting the value and benefits of contract surety
bonds throughout the year.
CHICAGO, April 15, 2011 /PRNewswire/ -- CNA Surety
Corporation ("CNA Surety
" or the "Company") (NYSE: SUR) will release its first quarter 2011 earnings on Friday, April 29, 2011.
South Coast Surety
has announced that its staff has produced an agency record breaking premium level for the month of October.
Zurich North America will begin offering its environmental and standard surety
products through its Surety
& Financial Enterprises business unit instead of through separate units.