You get a surety
to agree to an aggregate limit and a per job limit.
Pursuant to this new programme, Argo Surety
and SureTec will extend the contract bond capacity up to USD50m, to select producers and this expanded capacity will be improved by SureTec's experienced contract underwriting and claims management teams, the company mentioned.
Pesce reports to Richard Zarandona, head of Axis Insurance Insurance's Design/Contractors Professional, Environmental & Surety
practice, and is based in Berkeley Heights, NJ.
bonds offer more favorable terms and conditions--one of the most relevant differences being a facility charge.
As a well-respected member of the surety
industry, Bill term as president for coming year as NASBP continues to work with industry groups and associations and federal, state and local government officials to address the issues facing the surety
is a type of insurance similar to an extension of credit.
South Coast Surety
has stated that their Express Application can get contractors a $500,000 bid or job approved in the same day.
Support Services is a provider a of surety
services to contractors, insurance agents, brokers and businesses.
The good news for owners is that the surety
industry has recognized the changing construction risk landscape and has responded.
In its basic form, surety
bonding is similar to insurance in that it is a method of transferring or managing risk, Grieco says.
ACE Iberia interim country president Serge Osouf said, The addition of surety
to our portfolio underlines our commitment to providing a broad proposition for our most significant clients.
19 August 2013 -- Bermuda-based insurer Axis Capital Holdings Ltd (NYSE: AXS) said it has appointed David Pesce as director of surety
for Axis Insurance.
WHEN ASSESSING A CONTRACTOR'S RISK FOR SURETY
BONDS, AGENTS AND BROKERS NEED TO KNOW THREE THINGS: CHARACTER, CAPACITY AND CAPITAL.
Ironshore") and Lexon Surety
Group ("Lexon") announced today that they completed the first stage of a new strategic alliance in the surety
The immediate issue that faces many knowledgeable and experienced private sector contractors is Surety