SuretyBind Launches Digital Infrastructure for Sureties
Slice of Finance Team
12/09/2025
Key highlights
- Formed by top surety companies: Chubb, Hartford, Liberty Mutual, Travelers.
- Focus on efficiency: New platform eliminates data redundancies.
- Streamlined bond processes: Improved verification and fraud reduction expected.
Source: PR Newswire
Notable Quotes
“ As longtime participants in the surety industry, we see this as an opportunity for technology to play a role in improving the processes and delivery of surety products to end customers. ”
Teresa Black, Division President, North America Surety at Chubb
“ SuretyBind stands to serve the interests of all stakeholders by driving industry innovation. ”
Rick Ciullo, Head of Global Specialty's U.S. Retail Businesses at The Hartford
“ Participation in SuretyBind will be open to all sureties and brokers in the U.S. surety market. ”
Tim Mikolajewski, Executive Vice President at Liberty Mutual Surety
Why this matters
The launch of SuretyBind represents a significant advancement in the surety industry, promising improved operational efficiencies through technological innovations. By uniting major surety firms, it paves the way for streamlined processes that will ultimately benefit customers, reduce fraud, and enhance data reliability across the sector. This development is particularly significant for the finance sector.
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