Press Releases

 

Old Republic Surety Company Increases Commercial Bonding Capacity 

Old Republic Surety Company announces an increase in their commercial bonding capacity to $10 million for a single or an aggregate commercial surety exposure.  This increased commercial bonding capacity will enable Old Republic Surety to offer larger bond programs and serve more diverse markets that require higher bonding capacities.  Additionally, Old Republic Surety can use this added capacity to continue to share larger accounts with other sureties as appropriate.

Old Republic Surety’s commercial surety products offer bonding solutions to public and private entities nationwide.  Commercial surety bonds help ensure the performance of a third party obligation and compliance with statutory or court mandated requirements.

“With strategically located offices across the country, Old Republic Surety’s underwriting staff will be better equipped to accommodate larger local and regional principal bond needs,” said Alan P. Pavlic, President and COO, Old Republic Surety Company.  “Old Republic Surety offers consistent underwriting expertise to handle more complex bonding needs, as well as utilizes e-SURETYTM systems for streamlined, instant issue and transactional bond offerings.”

Old Republic Surety writes surety bonds in all 50 states.  Insurance contracts are underwritten and issued by Old Republic Surety Company, rated “A” by A.M. Best.  Old Republic Surety also offers $50 million in bonding capacity for contract bonds, a FastBond product for the contractor who has an occasional bond need, and fidelity products for small to medium sized risks.

About Old Republic Surety Company

Old Republic Surety Company ranks among the nation's top underwriters of contractors' performance and payment bonds, miscellaneous surety, and commercial fidelity, offering thousands of types of bonds.  More than 4,000 independent insurance agencies market Old Republic Surety financial indemnity products throughout the United States.  Headquartered in Brookfield, Wisconsin, Old Republic Surety Company is part of the Old Republic General Insurance Group, the largest business segment within Old Republic International Corporation (NYSE: ORI), one of the nation’s 50 largest publicly held insurance organizations.


Old Republic Surety Releases New Video Series: Surety Through the Eyes of an Underwriter 

Old Republic Surety Company has recently launched a new video series entitled Surety: Through the Eyes of an Underwriter. This video series is aimed at covering aspects of surety, contract bonds and underwriting that will help agency bond producers and contractors better understand the complexities of contract bonds.

The first set of videos covers Red Flags for Contractors. The first video: Contractor Red Flags #1 – Financials; Existing Claims and Relationships highlights the difference between in-house financials and CPA provided financial statements; the importance of closing out any existing surety claims as quickly as possible, and the importance of a contractor having a close relationship with their independent agent. Contractor Red Flags #2 – Venturing Outside Your Norm covers the cautionary measures a contractor should consider when venturing outside their specialty, their normal territory or the size of their jobs. Contractor Red Flags #3 – Working Capital & Leverage goes into great detail on the importance of working capital for a contractor and gives suggestions on how contractors should handle capital investments and manage their growth.

All of the topics are aimed at increasing the knowledge and understanding of contract bond underwriting. Offering contractors and agency bond producers an insight into how a surety bond underwriter thinks can be a very valuable tool for both the agent and the contractor to grow their business. The videos are hosted on Old Republic Surety’s YouTube Channel and can also be found on their website.

The videos are released on the coattails of Old Republic Surety’s new website design that was launched in February, 2015. Old Republic Surety has several more videos being released throughout the remainder of the year, as well as a new video entitled Old Republic Surety – A Great Place to Work.

Old Republic Surety Company headquartered in Brookfield, Wisconsin, ranks among the nation's top underwriters of contractors' performance and payment bonds, miscellaneous surety, and commercial fidelity, offering more than 500 types of bonds. Approximately 3,800 independent insurance agencies market these financial indemnity products throughout the United States. Old Republic Surety Company is a subsidiary of Old Republic International Corporation, one of America’s 50 largest shareholder-owned insurance businesses, which is traded on the New York Stock Exchange (ORI). 


Old Republic Surety Launches New Website 

Old Republic Surety Company is pleased to announce the successful launch of their newly designed website www.orsurety.com. Old Republic Surety’s new website is a testimony to their commitment to growth, branding and advancing technology. The new website features helpful information for bond producers and contractors on contract bonds, an FAQ on Contract Bonds and an actual punch list for assisting contractors in understanding the complexities of surety underwriting.  As well, the website lists hundreds of commercial bonds and indicates their availability in Old Republic Surety’s e-SURETYTM system, which is their web-based instant issue bond purchase module.

Dozens of testimonials from independent agencies across the U.S. are featured in the testimonial section of the website and at the bottom of every page. “We are very proud of our reputation in the industry”, states Alan Pavlic, President and Chief Operating Officer of Old Republic Surety Company, “Our agency network was overwhelmingly enthusiastic and willing to share their thoughts on our people, our customer service and our commitment to excellence.”

Key to their continued growth is their ability to recruit top talent in the surety industry. Recruitment was one of the main objectives for building a new website. Nicole Morehouse, Assistant Vice President of Human Resources states “Over the past ten years I’ve participated in a number of projects that keep ORSC focused on technology and efficiency. Not only is our new website an impressive upgrade from a technology standpoint, it also gives our HR team the leverage we need to attract more of Surety’s top talent. The new website is a tribute to my mantra - “Why wouldn’t you want to work at Old Republic?”  We are a great place to work, and it shows in our new website”. The new website holds a complete history of the company, an extensive list of benefits the company offers and an up-to-date posting of open positions within Old Republic Surety nation-wide. It even features branch office location pages that highlight key lifestyle attractions that make each branch location unique.

The website also highlights a blog center called Surety Insider that hosts blog articles on surety topics such as 7 Red Flags for Contract Bonds & Strategic Approach Fixes and 8 Tips to Increase Your Agency’s Surety Bond Business. Underwriters share their knowledge and assist marketing with content creation that will help agency bond producers and their customers.

The new site was designed by Media Junction of St. Paul, MN, and utilizes Hubspot as the content management software.

Old Republic Surety Company headquartered in Brookfield, Wisconsin, ranks among the nation's top underwriters of contractors' performance and payment bonds, miscellaneous surety, and commercial fidelity, offering more than 500 types of bonds. Approximately 3,800 independent insurance agencies market these financial indemnity products throughout the United States. Old Republic Surety Company is a subsidiary of Old Republic International Corporation, one of America’s 50 largest shareholder-owned insurance businesses, which is traded on the New York Stock Exchange (ORI). 


Old Republic Surety Hires Jerry Park as Assistant Bond Manager for Los Angeles Contract Bond Office

Old Republic Surety Company (ORSC) is pleased to announce the addition of Mr. Jerry Park as Assistant Bond Manager for their Los Angeles, California contract bond office. Park will be responsible for the marketing and underwriting of contract surety bonds for the state of California. As well, Park will be instrumental in cultivating the strong relationships with ORSC’s large agency network in California, and strengthening the relationships ORSC has with California contractors.

Park comes to ORSC with more than 36 years of underwriting experience – most recently with Capitol Insurance Companies as a Senior Contract Surety Underwriter. Park also spent 7 years as an Assistant Vice President of Surety for Arch Insurance Group in Pasadena, California.

“Jerry has significant experience in California’s contract surety marketplace”, states Joel Vandendriessche, Vice President of Underwriting for Old Republic Surety Company. “The addition of Jerry, as well as the fact that we have a significant increase in bond capacity threshold, will enable us to continue to grow in California’s surety market”. Earlier this year, Old Republic Surety Company increased their contract bond limit to $50MM, which is expected to be a catalyst for continued growth in all markets. Contract bonds guaranty the performance and fulfillment of all undertakings promised in a contract.

Park holds a Bachelor of Arts degree from Loyola University (now Loyola Marymount University), Los Angeles, California, as well as a Master’s degree in Organizational Management from the University of Phoenix, Van Nuys, California. Park is also a 2013 recipient of the SIO Gold Award for Excellence in Surety Bond Promotion.

Old Republic Surety Company headquartered in Brookfield, Wisconsin, ranks among the nation's top underwriters of contractors' performance and payment bonds, miscellaneous surety, and commercial fidelity, offering more than 500 types of bonds. Approximately 3,800 independent insurance agencies market these financial indemnity products throughout the United States. Old Republic Surety Company is a subsidiary of Old Republic International Corporation, one of America’s 50 largest shareholder-owned insurance businesses, which is traded on the New York Stock Exchange (ORI).


Old Republic Surety Company Expands with the Opening of a Branch Office in Richmond, Virginia

Old Republic Surety Company announced today that it will open a new branch office in Richmond, Virginia to support the growing need for contract bonds in the region. “Virginia, Maryland and the surrounding Washington DC area is a significant marketplace for surety contract bonds,” states Alan Pavlic, President and Chief Operating Officer of Old Republic Surety Company. “Richmond was a logical choice for an east coast contract bond branch office. The region offers an excellent talent pool that will help us better serve our agency network and enhance current teams in our Pittsburgh, Pennsylvania and Orlando, Florida offices.”

Virginia native Mr. Chris Chang will head the Richmond, Virginia branch location. Chris Chang has more than 10 years of bond underwriting experience – most recently with Zurich North America as a Senior Account Executive. Chris holds a Bachelor of Science degree from Virginia Commonwealth University, Richmond Virginia, and is a Masters of Business Administration candidate at the University of North Carolina at Chapel Hill, Kenan-Flagler Business School.

“We’re excited about the prospects that an east coast office brings,” states Patrick Kuehl, Chief Executive Officer of Old Republic Surety Company. “The contract surety needs for businesses in this region are significant. Our new Richmond location will assist Old Republic Surety Company’s growth objectives, will strengthen our existing agency relationships, and enable us to expand our network of appointed agencies in Virginia and the metro Washington DC area.”

Recent announcements regarding ORSC’s increased bond limits are expected to be a catalyst for continued growth in all markets. Today ORSC’s bond threshold for contract bonds is $50 million. Contract bonds guaranty the performance and fulfillment of all undertakings promised in a contract.

Old Republic Surety Company headquartered in Brookfield, Wisconsin, ranks among the nation's top underwriters of contractors' performance and payment bonds, miscellaneous surety, and commercial fidelity, offering more than 500 types of bonds. Approximately 3,800 independent insurance agencies market these financial indemnity products throughout the United States. Old Republic Surety Company is a subsidiary of Old Republic International Corporation, one of America’s 50 largest shareholder-owned insurance businesses, which is traded on the New York Stock Exchange (ORI).


Boost in Brand Awareness Anticipated For Old Republic Surety Company with Hire of Vice President of Marketing

Old Republic Surety Company hires Vice President of Marketing to promote the Old Republic Surety brand and support strategic growth initiatives. Old Republic Surety Company, one of the country’s top producing surety and commercial fidelity underwriters, welcomes Traci Catalano as Vice President of Marketing.

In this new role, Catalano will lead the strategic development, direction and implementation of all marketing activities for Old Republic Surety Company. “We’re excited about the energy and perspective Traci brings,” states Pat Kuehl, CEO of Old Republic Surety Company. “She has considerable experience in brand management, inbound marketing and online brand positioning. There’s no doubt she will contribute significantly to our market awareness, and will enhance our ability to meet our company’s growth objectives. We’re very excited about the impact branding will have on Old Republic Surety Company’s market position.”

Catalano brings a wealth of relevant marketing experience to Old Republic Surety Company. In her most recent role, she led the marketing initiatives for R&R Insurance Services, one of the Midwest’s largest independent insurance agencies. Catalano holds a Bachelor of Business Administration degree from Loyola Marymount University.  In addition, Catalano has earned certifications in inbound marketing, web development and design and social media marketing. Catalano has been an integral part of nationally recognized work on corporate branding and online brand footprints including National Underwriter/PropertyCasualty360’s “7 Most Powerful Websites” and most recently, National Underwriter/PropertyCasualty360’s “2014 Best Agency Website”, a national competition awarded to R&R Insurance Services.

Alan Pavlic, President and Chief Operating Officer for Old Republic Surety Company, states “Traci’s experience in the independent insurance agency system is impressive. We’re certain that her insurance industry knowledge and proven success with sales campaigns will have a positive impact for our underwriters.” 

“We’re looking forward to introducing Traci to our underwriting team,” states Jerry Topliff, Senior Vice President of Underwriting for Old Republic Surety Company. “With Traci’s knowledge, we’ll be able to create resources and revenue generating campaigns for our underwriters and our national network of agencies – a win-win for everyone associated with Old Republic Surety Company.”

Old Republic Surety Company headquartered in Brookfield, Wisconsin, ranks among the nation's top underwriters of contractors' performance and payment bonds, miscellaneous surety, and commercial fidelity, offering more than 500 types of bonds. Approximately 4,200 independent insurance agencies market these financial indemnity products throughout the United States. Old Republic Surety Company is a subsidiary of Old Republic International Corporation, one of America’s 50 largest shareholder-owned insurance businesses.