Blog tagged as Surety Market
The U.S. Small Business Administration (SBA) has just unveiled groundbreaking results for its Surety Bond Guarantee (SBG) Program in fiscal year 2025, highlighting a remarkable $10.6 billion in guarantees. This milestone not only marks the strongest year in the program’s history but also echoes a br...
01/27/2026 08:35 AM
Federally funded infrastructure projects continue to drive premium growth in the US surety market, with underwriting profits for the line exceeding $2 billion for a third consecutive year in 2024, according to a recent report by AM Best.
AM Best logoThe rating agency said that federally funded projec...
01/23/2026 11:45 AM
OLDWICK, N.J.--(BUSINESS WIRE)--
Federally funded infrastructure projects continue to drive premium growth for U.S. surety bond writers, with underwriting profits in this construction-oriented line of business exceeding $2 billion for a third consecutive year in 2024, according to a new AM Best repor...
01/19/2026 07:54 AM
In separate reports last week, AM Best and Morgan Stanley analyzed P/C insurance industry expense ratios, with one reporting a 2.4-point drop over the past decade and the other projecting another potential 2.0-point decline by 2030.
While both reports highlight the impact of AI and automation in driv...
01/12/2026 12:33 PM
EARLY IN HIS surety career, when 2025-2026 NASBP President Robert Coon worked as an underwriter, he sometimes had to spend long hours taking information from contractors’ Work-in-Progress (WIP) reports and keying them into a format that could be used by the surety’s software programs. "We had a...
10/10/2025 02:38 PM