A.M. Best Special Report: Potential Criminal Justice System Reform Could Cause Major Upheaval for Bail Bond Insurers

legislation

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best believes legislative reform in the bail bond insurance sector of the fidelity and surety market segments has led to significant disruption, and the potential for further changes places the bail bond industry at a critical juncture with respect to its long-term health and viability. According…

Good Time to Get or Expand Your Surety Support

San Clemente, CA, May 09, 2017 –(PR.com)– Construction Contracting and Surety Construction Support for 2017 is following its predicted pattern of growth. With the recent years being fairly successful in the writing of performance and payment bonds. Without significant loss trends, the industry is responding by offering more aggressively…

Northbridge acquires surety business of Fenchurch

TORONTO, May 9, 2017 – Northbridge Financial Corporation is expanding its product line to include surety bonds.

Starting June 1, 2017, businesses across Canada will have access to an extensive selection of contract and commercial bonding solutions.

“Northbridge is now open for surety business,” says Silvy Wright, President & CEO, Northbridge…

Ohio-Based Insurer Provides Surety Bonds For Ohio Medical Marijuana Control Program

CLEVELAND, May 2, 2017 /PRNewswire/ — Continental Heritage Insurance Company today announced a program to provide surety bonds to applicants for Ohio’s Medical Marijuana Program. Continental Heritage, based in Mayfield Heights, Ohio, is an insurance carrier rated A- by AM Best.

Edward Feighan, an owner and director of Continental Heritage,…

Canadian insurer Intact to buy U.S.-based OneBeacon for $1.7 billion

Intact Financial Corp (IFC.TO), Canada’s largest property and casualty insurer, said it would buy U.S.-based specialty insurer OneBeacon Insurance Group Ltd (OB.N) for $1.7 billion, creating a specialty insurer focused on small- and mid-sized businesses.

The $18.10 cash offer represented a 15.3 percent premium to OneBeacon’s Tuesday close.

Shares of OneBeacon,…

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