Participants partnered with RiskStream by providing feedback through testing and early validation activities, helping identify pilot cohorts, and engaging in early real-world use cases, including executing the Surety X workflow with a cohort in which an actual bond was successfully exchanged on the platform. These efforts validated core capabilities such as electronic document exchange, permissioned real-time access and status updates, and built-in audit trail and version control. Such capabilities ensure that Surety X was built with practical, market-ready functionality informed directly by the needs of the surety ecosystem, and they establish a foundational framework for a fully digital, paperless surety experience.

Winners of the 2025 Collaborator Award are:

American Global

Arch Insurance

Berkley

Chubb

Intact

IMA Financial Group

Liberty Mutual

Markel

Marsh

Merchants Bonding Company

National Association of Surety Bond Producers (NASBP)

Nationwide

Scott Insurance

The Cincinnati Insurance Companies

The Hartford

The Surety & Fidelity Association of America (SFAA)

Travelers

“We’re honored to receive the Collaborator Award from RiskStream. And, we’re proud to be a part of a group helping to shape the future of the surety marketplace,” said Scott Boden, vice president – Surety, The Cincinnati Insurance Companies.

Lindey Jennings, chief underwriting officer, core surety at Markel, said, “We are honored to receive this award and very excited to be part of a technology initiative that has the potential to transform the surety industry and the delivery of our product.”

Krystal Stravato, head of surety operations at American Global, added, “This award is a tribute to the dedication of our team and our commitment to work together, not only within our firm but across organizations to help move the surety industry forward. We appreciate RiskStream’s partnership, and we value the opportunity to contribute to initiatives that support positive change.”

Surety X, built in collaboration with sureties representing nearly 70% of market share, provides a secure, permissioned environment for data sharing and document exchange among principals, brokers, obligees and sureties. By replacing paper-based workflows with standardized digital processes, Surety X aims to reduce costs, shorten bond turnaround times and improve transparency throughout the surety bond life cycle.

The 2025 Collaborator Award honors the organizations and individuals who have helped establish the foundation for a more connected and efficient surety ecosystem that embraces digitization while preserving the trust that defines the industry. RiskStream looks forward to expanding the pilot in 2026, building on this momentum to further advance the digital surety-bond workflow.