Reinsurance News
surety
Berkshire (BHSI) enters Irish surety market, Sean Mulvey to lead
19th March 2026
Berkshire Hathaway Specialty Insurance (BHSI) has launched surety capabilities in Ireland and appointed Sean Mulvey to lead the new product line as Head of Surety. Based in Dublin, Mulvey brings more than a decade of surety underwriting and corporate banking experience to his new role. He joined BHSI from Advent Risk Management, ... Read the full article
DUAL North America and AXIS increase surety programme capacity
13th March 2026
Insurers DUAL North America and AXIS Capital Holdings Limited have expanded the capacity of their surety programme partnership after its first year of operations in the market. DUAL North America, the specialist underwriting arm of the global Howden Group, said it is increasing its surety programme capacity in response to rising ... Read the full article
1.1 North American Surety renewals characterised by orderly market dynamics: Gallagher Re
5th February 2026
The January 1, 2026, North American Surety renewals proceeded in an orderly manner, marked by renewed appetite from incumbents and the emergence of new market players, according to Gallagher Re. Despite lingering economic uncertainties, the market remained profitable through 2025. This stability allowed cedants to optimise their programs, provided they maintain ... Read the full article
Infrastructure projects help fuel premium growth for US surety insurers: AM Best
21st January 2026
Federally funded infrastructure projects continue to drive premium growth in the US surety market, with underwriting profits for the line exceeding $2 billion for a third consecutive year in 2024, according to a recent report by AM Best. The rating agency said that federally funded projects linked to the Infrastructure Investment ... Read the full article
OneNexus and Travelers partner to launch surety platform for energy sector
6th January 2026
The financial technology and insurance platform, OneNexus, has formed a strategic partnership with The Travelers Companies, Inc., a North American surety provider, establishing a new surety program specifically designed for the energy sector. Through this partnership, Travelers, a Treasury-listed surety company, will provide surety bonds backed by a long-term funding platform ... Read the full article
Amynta Group completes acquisition of broker International Sureties
12th December 2025
Insurance service provider Amynta Group has completed the acquisition of Global Surety, LLC, International Sureties Limited and International Sureties SARL, collectively known as International Sureties. Founded in 1972, International Sureties is a specialty surety broker, providing a range of commercial surety products, including admiralty, court, bankruptcy, logistics and license & permit ... Read the full article
GreenieRE Coalition & Trellis Climate launch Vensurety for climate companies
24th September 2025
GreenieRE Coalition, a reinsurer focused on insurance innovation for the energy transition, and Trellis Climate, an impact-first, catalytic capital program investing in early climate infrastructure projects, have launched Vensurety, an impact-first, tech-expert insurance platform for climate companies. Vensurety, short for “Venture Surety,” is supported by anchor funding from the Schmidt Family ... Read the full article
Atradius UK launches dedicated Surety department
19th August 2025
Atradius UK, a provider of trade credit insurance, surety, and collections services worldwide, has launched a dedicated Surety branch, expanding its ability to deliver bonds and guarantees to businesses across the UK. This reinforces Atradius’s established UK market position and underscores its commitment to providing comprehensive risk management solutions for companies ... Read the full article
Kay Scholz succeeds Martin Pfister as Swiss Re’s Head of Credit & Surety Reinsurance
18th August 2025
Swiss Re has appointed Kay Scholz as its new Head of Credit & Surety Reinsurance, effective 1st January 2026, succeeding Martin Pfister, who will assume the newly created role of Head of PRI and Structured Trade Credit Reinsurance. Scholz has spent the past 18 years at R+V Re in various senior ... Read the full article
Chubb promotes Steve Haney to President and CUO of Global Surety
12th August 2025
Global insurer Chubb has announced the promotion of Steve Haney to President and Chief Underwriting Officer (CUO) of Global Surety. In this role, Haney will have executive operating responsibility for strategy, underwriting, and profit and loss (P&L) across Chubb's Global Surety business. He will report to Juan Luis Ortega, Executive Vice President, ... Read the full article
Aon’s NFP hires Darrin De Stephanis to drive commercial surety growth
20th June 2025
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has appointed Darrin De Stephanis as Senior Vice President, Capital Solutions and Commercial Surety Growth Leader. Based in Vancouver, De Stephanis will report to Adrian Pellen, co-leader of NFP's Construction and Infrastructure (C&I) Group. NFP’s construction surety risk practice is ... Read the full article
Distinguished launches Commercial Surety division led by Miguel Ferreira
1st May 2025
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 ... Read the full article
Lockton appoints Paul Rodriguez as National Surety Practice Leader
12th February 2025
Independent insurance broker Lockton has announced the appointment of Paul Rodriguez as National Surety Practice Leader, succeeding Patrick Pribyl, who will transition to Chairman of the National Surety Practice. Pribyl, who has been with Lockton since 1991, served as National Surety Practice Leader since 2020. In his new role, he will ... Read the full article
Saudi Re signs reinsurance contract for Surety Bonds Program with Walaa
31st December 2024
Saudi Re has announced the signing of a reinsurance contract with Walaa Cooperative Insurance Company for the Surety Insurance Bonds Coinsurance Program. This program provides financial guarantees to ensure contractors meet their obligations on construction projects developed by the Public Investment Fund’s (PIF) Development Companies. The contract spans 12 Gregorian months, starting ... Read the full article
Howden appoints Swiss Re’s Azman Noorani as Global Practice Leader, Surety
3rd December 2024
Global insurance intermediary group Howden has announced the appointment of Azman Noorani as Global Practice Leader, Surety, effective 1 November 2024. Noorani will report to Mark Wood, Head of Global Specialty Practices, and will lead Howden’s new Global Surety Practice. This initiative aims to expand on Howden’s existing surety capabilities, offering ... Read the full article
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