NEW YORK, Oct. 18, 2016 /PRNewswire-iReach/ -- Old Republic Surety Company announced today that it has opened a new contract surety branch office in Boston, MA to support the growing need for contract bonds in the Northeast.
"Boston was a logical choice for adding a contract branch office in the Northeast," said Alan Pavlic, President and COO, Old Republic Surety Company. "The need for a strong, standard surety market is significant in this region. Having an office in Boston will strengthen our existing agency relationships for both contract and commercial surety bonds - enabling us to expand our network of appointed agencies throughout New England."
New York area native Justin Casey, will head the Boston, Massachusetts branch location, and will be responsible for contract surety underwriting for Connecticut, Maine, New Hampshire, Rhode Island and most of Massachusetts. Casey has ten years of surety bond underwriting experience and offers a diverse underwriting background with small and middle market contract surety accounts, as well as larger, complex surety programs. Casey holds a Bachelor of Science degree in Business Administration from Saint Michael's College. Casey is also a Board Member of the New York City's Surety Association and has strong family ties to the construction industry in the Northeast.
"Casey's experience with cultivating new agency relationships will be a great benefit for Old Republic Surety in this untapped territory for Old Republic, and for independent agencies looking for additional surety resources," states Jerry Topliff, Senior Vice President of Underwriting, Old Republic Surety Company.
Old Republic Surety Company is a standard market for general contractors, supply contractors, and all major subcontractor trades. The company writes bond programs in all 50 states, and has a contract bonding capacity of $50 million, a 10-fold increase in bonding capacity since 2004 in response to market growth and industry needs. Insurance contracts are underwritten and issued by Old Republic Surety Company, rated "A" by A.M. Best. Contract bonds guaranty the performance and fulfillment of all undertakings promised in a contract. Old Republic Surety Company also offers a FastBond product for the contractor who has an occasional bond need.
About Old Republic Surety Company
Old Republic Surety Company ranks among the nation's top underwriters of contractors' performance and payment bonds, miscellaneous surety, and commercial fidelity, offering thousands of types of bonds. More than 4,000 independent insurance agencies market Old Republic Surety financial indemnity products throughout the United States. Headquartered in Brookfield, Wisconsin, Old Republic Surety Company is part of the Old Republic General Insurance Group, the largest business segment within Old Republic International Corporation (NYSE: ORI), one of the nation's 50 largest publicly held insurance organizations.
Media Contact: Alan P. Pavlic - President & COO, Old Republic Surety Company, 800-217-1792, firstname.lastname@example.org
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SOURCE Old Republic Surety Company