Allstar Surety partners with FAIRCO on surety programme
Allstar Surety, the US standard and non-standard managing general agent (MGA), has partnered with Fair American Insurance and Reinsurance Company (FAIRCO) on a surety programme.
Allstar Surety will operate as a programme administrator for FAIRCO with underwriting authority providing agents timely expert service in the surety marketplace. This programme will focus on small to medium non-standard and standard contract surety, as well as commercial surety bonds.
"We look forward to a long and successful relationship with FAIRCO," said Jeff Booth, senior vice president and chief underwriting officer of Allstar Surety.
"This partnership will provide Allstar with a dynamic surety programme to fully service our existing agents and offer new agents an outstanding surety market."
Paul Clauss, director of programmes at FAIRCO, added: "FAIRCO's focus from the very beginning has been to partner with the best administrators in the business. Partnering with Allstar Surety provides us the opportunity to work with the best and the brightest people in this unique and specialised niche, allowing us to expand profitably nationwide."
Allstar Surety is a division of Allstar Financial Group, an Atlanta-based holding company with multiple specialty MGA's across the country. FAIRCO is a wholly owned subsidiary of Transatlantic Reinsurance Company, which itself a subsidiary of Alleghany Corporation.
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