Allstar Surety, Inc. announces partnership with Small Business Administration (SBA) and QBE North America
NEWS PROVIDED BY
Jun 01, 2017, 11:00 ET
ATLANTA, June 1, 2017 /PRNewswire/ -- Allstar Surety, Inc. is pleased to announce a partnership with the Small Business Administration Bond Guarantee Program. Allstar Surety is representing QBE North America, writing bonds nationwide, through the SBA program. Jeff Booth, Chief Underwriting Officer of Allstar Surety comments, "Allstar Surety is excited to have the opportunity to offer additional bonding resources to our agents through such well-respected organizations as QBE and the SBA."
Allstar Surety strives to provide our agents and their clients with a dynamic array of bonding options. David Brett, President of Allstar Financial Group said, "Allstar Surety is pleased to expand our Surety footprint with QBE by offering our retail network partners additional products for the contractors they serve." This new partnership will allow agents access to the SBA bond program without having to be formally appointed with the SBA. Allstar Financial Group partners with entities, such as the SBA and QBE to offer comprehensive products that will allow our underwriters flexibility to meet the bonding needs of agents.
Matt Curran, SVP of QBE's North America Surety line said "We are pleased to partner with Allstar and the SBA. Through the SBA Program and this partnership, we are able to provide bonding for small and emerging contractors, who would normally be unable to qualify for traditional bond products."
Peter C. Gibbs, Acting Director for the US Small Business Administration, Office of Surety Guarantees stated "The US Small Business Administration, Office of Surety Guarantees is excited to partner with QBE and Allstar in its Surety Bond Guarantee Program. We are confident that small and emerging contractors will benefit from QBE and Allstar's proven track record of success and SBA's continued commitment to assisting small businesses."
About Allstar Surety
Allstar Surety is a division of Allstar Financial Group, an Atlanta based holding company with multiple specialty MGA's across the country. Allstar has eight surety offices nationwide to fully service our agents by providing timely surety solutions. Additional information can be found at www.allstarsuretybonds.com.
QBE North America is part of QBE Insurance Group Limited, one of the largest insurers and reinsurers worldwide. QBE NA reported Gross Written Premiums in 2016 of $4.6 billion. QBE Insurance Group's 2016 results can be found at www.qbena.com. Headquartered in Sydney, Australia, QBE operates out of 37 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business through its property and casualty insurance subsidiaries. The actual terms and coverage for all lines of business is subject to the language of the policies as issued. QBE insurance companies are rated "A" (Excellent) by A.M. Best and "A+" by Standard & Poor's. Additional information can be found at www.qbena.com, or follow QBE North America on Twitter.
SOURCE Allstar Surety