Bond Underwriting Expert in Commercial Surety Bonds

Case Description:

A bond underwriting expert was needed for an arbitration between an insurance company and a reinsurance company. At issue was non-payment by the reinsurance company for losses incurred by the insurance company for payments to the obligee of a commercial surety bond. The reinsurance company wanted to examine the commercial surety bonds issued by the insurance company to ensure that appropriate underwriting principles, financial guarantee concerns, and standards of care were followed.

IMS ExpertServices was asked to locate a bond underwriting expert who could opine on the general parameters regarding the obligation of surety underwriters. This expert needed to surmise the level of due diligence of the surety underwriters for the issuer when they issued these bonds and whether the underwriters made the appropriate inquires of the obligee.

Experts Presented:

  • Surety Expert

    This surety expert has over 40 years of experience in all aspects of surety underwriting, production, management and claims, including top surety executive positions with major and smaller insurance companies. He is an experienced expert witness, providing expert reports and testimony in deposition and trial. He has an A.B. in International Relations and Economics and is a member of the Surety Association of America and the Pan American Surety Association. IMS Reference #4978730

  • Surety Underwriting Expert

    This surety underwriting expert has over 30 years of experience in the surety bond industry. He has been called upon frequently to speak on industry consolidation, surety underwriting, marketing and reinsurance issues related to surety bonds. This expert has been a contributor to a number of publications on surety industry trends. He has a MS in Finance as well as a BS in Finance. He is a Certified Public Accountant (CPA) and has served on the board of two prominent industry associations and a construction accounting committee. IMS Reference #4994457

  • Bond Underwriting Expert

    This bond underwriting expert has held positions as a bond department manager and bond underwriter for surety bond and insurance companies. He is a member of the Surety Association of America and a former member of the Commercial Surety Committee of the National Association of Surety Bond Producers. He has an MBA in business administration. This expert has an Associate in Fidelity and Surety Bonding. IMS Reference #4978573

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Industry: All, Insurance