Commercial Alliance Insurance Company (CAIC Surety) Expands Into North Texas.
RICHARD DEAL, CFP JOINS CAIC Surety HOUSTON, Dec. 8 /PRNewswire/ -- Commercial Alliance Insurance Company welcomes Richard Deal as the Bond Manager of our Dallas office. Mr. Deal joined CAIC Surety in July of 2008 to expand the company in the North Texas region. From Dallas, CAIC...

S&P Affirms Global Surety & Insurance Co 'BBpi' FSR.
NEW YORK, April 13 /PRNewswire/ -- Standard & Poor's today affirmed its double-'Bpi' financial strength rating on Global Surety & Insurance Co. (Global Surety). The rating action reflects the company's aggressive investments, limited business scope, and volatile premiums. These factors are partially offset by the...

Capitol Insurance Companies Celebrates 50 Years!
MADISON, Wis., Jan. 7 /PRNewswire/ -- Capitol Insurance Companies (Capitol) is celebrating the company's 50th anniversary in 2009. Capitol has been insuring business owners since 1959 and in recognition of this 50-year milestone, Capitol is donating $50,000 to various charities around the United States. "Capitol has always had a...

Gladwyne Software Surety Names Seasoned Insurance Executive Rick Hinckley CFO.
Kemper and CIGNA Veteran Joins IT Risk Management Firm to Lead Financial Operations and Development of Planned Risk Transfer Product KING OF PRUSSIA, Pa., Aug. 2 /PRNewswire/ -- Gladwyne Software Surety (http://www.ITSurety.com), a provider of objective risk management services that enable corporate executives...

Capitol Insurance Companies Introduces Capitol Express for Surety Online, Anytime.
MIDDLETON, Wis., Dec. 11 /PRNewswire/ -- Capitol Insurance Companies (Capitol) is pleased to announce the launch of their new online surety bond system, Capitol Express (CapEx), which allows appointed insurance agents and brokers to rate, issue and service their surety bonds online in an easy and convenient manner. ...

The unsure world of surety bonds. (Cover Story).
Suddenly, everyone wants to know about surety bonds. The once benign financial credit risk vehicle has been thrust into the limelight, as the subject of a high-profile lawsuit as well as being blamed for one company's bankruptcy. In the bankruptcies of both Enron Corp. and Kmart Corp., sureties have...

CNA Surety Names Peter Wilson to Board of Directors and David Edelson Chairman of the Board.
CHICAGO, Jan. 6 /PRNewswire-FirstCall/ -- CNA Surety Corporation ("CNA Surety" or the "Company") announced that, effective January 5, 2009, Peter W. Wilson, Executive Vice President - Global Specialty Lines of CNA Financial Corporation, joined its Board of Directors and David B. Edelson became Chairman of the Board. Mr. Edelson,...

International round up.
Markel International Insurance Co Ltd v Surety Guarantee Consultants Ltd and others [2008] EWHC 1135 (Com) Markel International Insurance Co Ltd, QBE Insurance (Europe) Limited and Amalfi Underwriting Limited (collectively the Claimants), brought proceedings in England's High Court against Surety Guarantee Consultants Ltd (SGC) and its former...

'Gimme shelter': construction and engineering firms are crying "gimme shelter" as they seek to manage their risks amid a lack of insurance capacity, tighter coverage restrictions and a storm of litigation in the housing market.
While there is no shortage of demand for new homes in a hot housing market, construction and engineering firms are having a tough time finding shelter when it comes to obtaining insurance coverage for residential and mixed-use projects. Affordable coverage for construction defects that can emerge years...

A rosy outlook: in 2005, the surety industry recovered, and the 2006 market looks to be headed for an even better year.
The year-end results for 2005 represent the first time since 2000 that the surety industry had positive results. According to the Surety Association of America's figures for the calendar year 2005, the surety industry produced a record $4.38 billion in earned premiums. It experienced direct losses of $1.7 billion,...