General Indemnity Group establishes new surety solutions agency

General Indemnity Group establishes new surety solutions agency | Insurance Business America

Insurance News

General Indemnity Group establishes new surety solutions agency

It represents a rebrand of merged entities

Insurance News

By
Kenneth Araullo

Surety specialist General Indemnity Group (GIG) has rebranded its recently merged South Coast Surety Insurance Agency to BOSS Bonds Insurance Agency.

This rebranding consolidates the surety agencies GIG acquired since 2017, resulting in a full-service surety products and solutions provider for insurance agents and individuals nationwide.

In addition to rebranding, GIG has integrated SuretyBonds.Market (SBM) under BOSS Bonds. SBM is a technology platform that allows agents to deliver surety bond solutions seamlessly.

The surety portal aims to streamline processes and enhance efficiency within the surety sector.

“While we re-branded our roll-up of agency acquisitions into BOSS Bonds, this change really represents the focus and alignment of our services and products to serve agents and customers easily and seamlessly,” said GIG president Dave Herman (pictured above).

“Anyone looking for surety products can acquire them effortlessly by going directly to Bossbonds.com. We now offer a one-stop source designed to meet the diverse needs of both consumers and insurance agents nationwide.”

Herman also stated that BOSS Bonds is now the hub for comprehensive surety solutions. With over 40 years of experience among its agents, BOSS Bonds is licensed in all 50 states and operates as a national surety managing general agency.

“We want to be recognized as the industry’s most comprehensive surety bonds provider that understands and provides agents and customers with what they need easily, even if they have little knowledge about surety bonds,” Herman said.

This rebranding follows GIG’s announcement of strong financial performance in 2023, marking its most successful year since its inception in 2015 and setting the expectation for continued growth in 2024.

“We’ve focused our efforts on investing in strategic acquisitions, improving operations, adding seasoned staff, and driving technology throughout all of our operations. Together, we’ve been able to engineer remarkable growth from the early days of the business,” Herman said.

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