Surety One, Inc. Eyes Expansion in to Canada

Share Article

Surety One, Inc. of Puerto Rico seeks corporate authority and licensing to offer surety bonds in Canada.

News Image
Canada and the United States represent over fifty percent of the global surety market. The growth in commercial surety requests and the increased use of public private partnerships represent an opportunity for us to do what we do best.

Citing successful referral business and an apparent increase in unmet demand for surety bond capacity, Surety One, Inc. is moving forward with plans to expand in to the Canadian market through organic business development and local partnerships. According to Constantin Poindexter, Chief Executive Officer of the Poindexter Surety Group, “Canada and the United States represent over fifty percent of the global surety market. The growth in commercial surety requests and the increased use of public private partnerships represent an opportunity for us to do what we do best.”

Surety One, Inc. has applied for corporate admission and expects to be operational within three months. With the support of its current carrier appointments and breadth of experience provided by insurers seasoned in Canadian territory, Surety One, Inc. expects for the move to be reasonably profitable within its first year of activity. Says Poindexter, “We can’t deliver them palm trees and piña coladas but we certainly can provide Canadian consumers our suuperlative customer-focused service.”

Surety One, Inc. is a managing general agency focused on underwriting surety bonds and financial guarantee. The firm, domiciled in Puerto Rico, is licensed to conduct business in all fifty states, U.S. Virgin Islands and the Dominican Republic. The Surety One, Inc. Team has earned the loyalty of a large number of companies in diverse industries and recognition within the surety insurance sector as a trusted underwriter.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Yeimy Rodriguez
@SuretyOne
Follow >
Follow us on
Visit website