Distinguished Programs, a national insurance program manager, has launched a new Commercial Surety division, led by industry veteran Miguel Ferreira.
The division expands Distinguished’s Surety program, joining its Contract Surety unit introduced in 2024, and is expected to begin underwriting in the second quarter of this year.
The Commercial Surety division will offer tailored bonding solutions across a variety of industries. These bonds, often mandated by government agencies or regulatory bodies, help ensure legal compliance, protect public interests, and reduce the risk of fraud or misconduct.
Ferreira, who has 25 years of experience in the surety market, will serve as president and head of the division. He will be joined by Brian Peters, who will serve as vice president.
Steve Sitterly, Chief Operating Officer at Distinguished, said, “We’re proud to welcome Miguel and Brian to Distinguished.
“Miguel is a standout leader in the surety industry with the experience, vision and relationships to build a top-tier commercial surety operation. His leadership will be a driving force in the success of this division.”
Ferreira commented, “Launching this division is a tremendous opportunity, and I’m honoured to lead the effort.
“We’re focused on building a high-performing commercial surety team that is dedicated to offering great service and truly understands the needs of our agents and clients. With strong support from American Surety and the existing Distinguished contract surety team, we’re ready to bring a competitive, responsive and trusted offering to market.”
Trevor Hash Sr., president of Distinguished’s Surety program, added, “We’ve built a strong foundation in contract surety, and the addition of Miguel allows us to extend that same level of focus and excellence into commercial surety.
“It’s a natural next step for our program, and one we’re thrilled to take with leaders like Miguel and Brian.”
The division will be backed by American Surety, a subsidiary of Core Specialty Insurance Holdings, Inc., which also supports Distinguished’s Contract Surety unit.
