Blog tagged as Surety Market

Canada’s contractors are gearing up for a flood of federally funded infrastructure work. At the same time, the surety market supporting those projects remains stubbornly soft - even as claims pressure rises.

For Steve Hastings (pictured right), SVP, head of surety for Liberty Mutual Canada, that comb...

WASHINGTON — Today, the U.S. Small Business Administration (SBA) announced that its Surety Bond Guarantee (SBG) Program delivered record results in fiscal year (FY) 2025 with $10.6 billion in guarantees, marking the strongest year in the program’s history. In FY25, the program supported more than 2,...

The United States surety insurance market has enjoyed a boom the likes of which it has not seen in 10 years.

The United States surety insurance market has enjoyed a boom the likes of which it has not seen in 10 years.    (Adobe Stock photo) With a hat tip to the Federal Reserve for funding ...

OLDWICK, N.J.--(BUSINESS WIRE)--The February issue of Best’s Review includes the following exclusive rankings:

Largest Surety Insurers

Largest MENA Insurers

Best’s Review is AM Best’s monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. Access ...

Ottawa’s latest federal budget promises roughly $115 billion in infrastructure spending over five years – a pipeline of mega‑projects that will reshape roads, hospitals, ports and power systems across Canada. For contractors and their brokers, it looks like a once‑in‑a‑generation opportunity.

From a ...