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Summary: This Expert Insight looks at the case of Ziggurat (Claremont Place) v HCC International Insurance Company PLC and considers the implications of the case for the surety industry generally, particularly in the context of construction insolvency.

I read the decision in Ziggurat with some incred...

The potential boon to the US construction industry from the Trump administration's infrastructure rebuilding plans poses benefits and risks for the surety sector, according to AM Best.

The future of the US surety market "should remain bright" if plans to rebuild US bridges, highways and oth...

OLDWICK, N.J.--(BUSINESS WIRE)--The steady economic recovery of the last few years and the abundance of capital competing for construction business has led to a distinct buyer’s market in the U.S. surety sector. However, according to a new A.M. Best report, it remains to be seen whether the quality ...

The states of Virginia and Oregon adopted new legislation in 2017 that introduced surety bond requirements for contractors.

In Virginia, the new bond legislation reduced financial burdens on contractors which were otherwise required to demonstrate a certain amount of net worth. In Oregon, a surety bo...

U.S. Surety reinsurance risk adjusted rate reductions have continued into the start of 2018 with the market still characterised by abundant capacity, however, rate reductions were lower than those of previous years due to some price increases seen in loss affected programmes, according to Willis Re.

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