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After 2 successive years of growth, rally in overall premiums is expected to continue

Things are looking bright for the surety bond industry.

After two successive years of growth, the rally in overall premiums is expected to continue next year despite an expected rise in loss activity. Industry expert...

Strong construction growth drives bonding demand, but also a labor shortage, giving rise to increasing claims

The fortunes of the surety sector are, naturally, directly linked to those of the construction industry.

After reaching a high mark of more than $5.5 billion in premium in 2008, that number de...

The outlook for surety in Canada is healthy, but a number of developments are introducing increased risk that need to be taken into account and properly managed, speakers suggested during the Toronto Risk and Insurance Education Forum last week in downtown Toronto.

Likely, “80% or so of the bonds iss...

Many owners, particularly large corporations or public entities, require contractors to provide a labour and material payment bond to ensure that sub-trades are paid and (hopefully) avoid protracted payment disputes. A typical labour and material bond creates a tri-partite relationship among the pri...

The outstanding results of the surety industry over the last 10 years are beginning to make some buyers question the value of surety bonds. However, there are dynamics going on in the construction industry and commercial markets that indicate the need is greater than ever for their use.

For decades, ...