OLD REPUBLIC SURETY COMPANY OPENS CONTRACT SURETY BRANCH OFFICE IN BATON ROUGE, LA

BATON ROUGE, La., Aug. 3, 2016 /PRNewswire-iReach/ -- Old Republic Surety Company announced today that it has opened a new contract surety branch office in Baton Rouge, Louisiana.

Photo - http://photos.prnewswire.com/prnh/20160803/395308

"We continue to open offices throughout the country to meet the needs of independent insurance agencies needing standard, middle market surety options." said Alan Pavlic, President and COO, Old Republic Surety Company. "Local underwriting expertise in markets across the country is an essential part of our continued growth in the contract bond marketplace."

Becky McDaniel will head the Baton Rouge, LA branch location as Bond Manager. McDaniel has more than 20 years of surety industry experience. McDaniel holds a Bachelor of Science degree in Finance from Louisiana State University.

"Having an office in Baton Rouge will strengthen our existing agency relationships, and enable us to expand our network of appointed agencies throughout the Southern territory," states Jerry Topliff, Senior Vice President of Underwriting, Old Republic Surety Company. This new office is one of several contract branch offices Old Republic Surety has opened this year.

Old Republic Surety Company is a standard market for general contractors, supply contractors, and all major subcontractor trades. The company writes bond programs in all 50 states, and has a contract bonding capacity of $50 million, a 10-fold increase in bonding capacity since 2004 in response to market growth and industry needs. Insurance contracts are underwritten and issued by Old Republic Surety Company, which has a Best's rating of "A". Contract bonds guaranty the performance and fulfillment of all undertakings promised in a contract. Old Republic Surety Company also offers a FastBond product for the contractor that has an occasional bond need.

About Old Republic Surety Company

Old Republic Surety Company ranks among the nation's top underwriters of contractors' performance and payment bonds, miscellaneous surety, and commercial fidelity, offering thousands of types of bonds. More than 4,000 independent insurance agencies market Old Republic Surety financial indemnity products throughout the United States. Headquartered in Brookfield, Wisconsin, Old Republic Surety Company is part of the Old Republic General Insurance Group, the largest business segment within Old Republic International Corporation (NYSE: ORI), one of the nation's 50 largest publicly held insurance organizations.

Media Contact: Alan Pavlic, President & COO, Old Republic Surety Company, 800.217.1792, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Old Republic Surety Company