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-SURETYTMsystems 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.
Traci Catalano, Sr. Vice President, Marketing, joined ORSC as part of the company’s continual efforts to strengthen brand presence and increase market share. As Vice President of Marketing, Traci is responsible for all branding and marketing communications efforts including website and online presence, e-communications, trade shows, contests, promotions, social media and special events. In addition, Traci plays a key role in fostering a culture of engagement to encourage the passion behind ORSC's great employee brand ambassadors.