Bond Firm Profits Are Rising Fast as Sureties Climb Out of the Hole

January 2007
ENR: Engineering News-Record;1/29/2007, Vol. 258 Issue 4, p33
Trade Publication
This article deals with the economic recovery of surety bond underwriters in 2007. Through four years of industry losses--pinned on them by overstretched or incompetent contractors--sureties have observed an iron discipline in order to return to profitability. According to the Surety & Fidelity Association of America, Travelers Bond wrote surety premiums of all kinds totalling about $885 million in 2005, most of it contract surety. Contractors work more closely with sureties than with their banks.


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