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BATON ROUGE - Palomar Holdings, Inc. (NASDAQ:PLMR) has agreed to acquire The Gray Casualty & Surety Company from private equity firm BCP, according to a press release statement issued Thursday.

The transaction, which has received approval from both companies’ boards of directors, is expected to c...

By Matthew Sellers

A $3 million bankruptcy battle between Hartford Accident and Indemnity and Capital Credit Union is putting surety agreements under the spotlight for insurers nationwide.

When North Dakota-based Pro-Mark Services, Inc. filed for Chapter 7 bankruptcy in April 2024, it set off a contes...

For many new contractors, bonding presents a chance to bid on larger or public contracts. But lack of familiarity with underwriting requirements—financial statements, work-in-progress schedules, character and credit history— can hold them back and prevent them from obtaining surety bonds.

To help ove...

Surety sits at the intersection of banking and insurance, and has long been used to back the performance of a contract. 

But the product, which works similarly to a bank guarantee, has to date not been widely adopted in the trade sector. 

In this Industry Perspective, Daniel Storr, co-head o...