Date Published: May 15, 2013
I recently celebrated (or cursed depending on the day) my 26th year as a surety bond professional. While taking a little walk down memory lane, (meaning looking through some old boxes) I came across some old Surety Association of America surety results In 199o the top 10 writers of surety bonds in the U.S. were:
- F&D Group (now part of Zurich)
- USF&G (Purchased by St. Paul)
- Reliance (Purchased by Travelers)
- Aetna (Now part of Travelers)
- Fireman’s Fund (Out of the Surety Business)
- Seaboard Surety (Purchased by St. Paul)
- Continental (Purchased by CNA)
- CNA
- Safeco (Purchased by Liberty)
- Hartford
Out of the top 10 surety bond companies of 1990, Only 2 are still in business, CNA and Hartford (All though Zurich basically kept the F&D operation in tact)
By 2000, the top 10 players were:
- Travelers
- St Paul (purchased by Travelers)
- CNA
- Zurich
- AIG
- Liberty
- Ace
- Safeco (now part of Liberty)
- Chubb
- Fireman’s Fund (now out of surety)
Not many changes on the surface, however #11 &12, Amwest and Kemper, both went out of business.
By 2010, the Top 10 players were:
- Travelers
- Liberty
- Zurich
- CNA
- Chubb
- Hartford
- HCC
- IFIC
- NAS
- ACE
I can’t wait to see who will be on the top 10 list by 2020; I know sure it will be different surety companies than 2010.
John T. Page, President of Surety1
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