Archive for: October 2016

Federated Insurance Acquires Granite Re; Boosts Surety Offering

Business insurance provider Federated Mutual Insurance Company has reached an agreement to acquire Granite Re, an Oklahoma-based provider of surety bonds for small to medium-sized contractors. According to Federated Insurance, the acquisition better positions Federated Insurance to partner with commercial contractors for their surety and bonding needs. Jeff Fetters,...

The Surety Bond Market Is Growing In China

In the past six months the surety bond market has developed significantly for insurers in China, said Richard Chu, specialty lines, financial risks, Asia-Pacific, PartnerRe. “It’s a new product in China mainly for construction sector,” he said. “Previously most of the construction companies had to go to banks for...

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