Canadian surety wholesaler and MGA launched

Approved Surety Co., a surety wholesaler and managing general agency (MGA) to Canadian and U.S. insurance brokerages and agencies, has been appointed MGA for Fenchurch General Insurance Company’s surety division.

Approved Surety – which assists with securing surety facilities for small and emerging contractors, and services industries outside the traditional surety box – has partnered with Fenchurch General Insurance to provide surety solutions across Canada via licensed insurance brokers.

“Based on recent developments in our industry, we have had a high demand to provide surety facilities for small and emerging contractors, an underserviced segment of the market,” Ralph Golberg, director of surety for Fenchurch General Insurance, says in a press release.

Among other things, Approved Surety has expertise in bid bonds, consents of surety, performance bonds, labour and material payment bonds and maintenance bonds.