Surety Bonds

As a surety leader for more than 140 years, Chubb is a partner you can count on and grow with.
brokers shaking hands
INTRODUCTION

Why Chubb Surety?

Our surety roots run deep and strong. We wrote our first bond over 140 years ago and stand today as a trusted worldwide surety leader. Dedicated to serving our clients’ unique needs, we provide consistent, dependable expertise to protect a wide range of businesses with our financial strength, our stability, our capacity, and our commitment.

140+
years proudly serving the surety market since 1882
5th
largest surety provider in the U.S. [1]
20 years
average tenure on our surety senior leadership team
50
countries and territories where we have surety capabilities [2]

Products & Services

Our array of products offers surety solutions for a variety of needs.

Construction Surety Bonds
For a wide range of contractors, we provide performance bonds, payment bonds, maintenance bonds, supply and install bonds, service bonds, and more.
Commercial Surety Bonds
To highly rated public and private companies, we offer license and permit bonds, court bonds, commercial contract bonds, reclamation bonds, customs bonds, workers compensation bonds, and more.
Transactional Surety Bonds
We serve commercial businesses and individuals that have small or infrequent surety needs. Enjoy a broad range of products available to you via our online platform, Chubb Surety Marketplace.
International Surety Bonds
Your company will benefit from Chubb’s broad international network, which has the flexibility to structure programs for global and/or domestic facilities.

Deep expertise characterizes our Chubb Surety professionals

Your surety provider’s knowledge of surety complexities makes a big difference. Chief among Chubb’s valuable capabilities is the high level of hands-on experience in our large and dedicated surety team.
Stephen Haney

President, North America Surety and Chief Underwriting Officer, Global Surety

With more than 30 years of surety experience, Steve Haney has executive oversight of Chubb’s global surety operations, which includes underwriting, product and business development, and overall strategy. Steve has served as President of The Surety and Fidelity Association and currently sits on the association’s board. Steve holds a Bachelor of Science in Finance from Penn State University.

Teresa Black

Chief Operating Officer, North America Surety

Responsible for the underwriting, strategy, and profitable growth of Chubb's commercial and construction surety businesses in North America, Teresa Black has over 25 years of industry experience. Teresa holds an MBA in Finance from the Leonard N. Stern School of Business at New York University and a Bachelor of Arts degree in Economics from Binghamton University.

Bruce Cliff

Head of International Surety

Bruce Cliff has oversight of surety operations for Chubb Overseas. With over 35 years of surety experience, Bruce is responsible for advancing international surety’s underwriting, strategy, and profitability. Bruce holds Bachelor of Arts degrees in Business Administration and Finance from Wittenberg University and a Juris Doctor degree from Valparaiso University.

Eric Stickle

Head of North America Construction Surety

With nearly two decades of surety experience, Eric Stickle oversees the underwriting, strategy, product management and P&L of construction surety products and services offered through the U.S. and Canada. Eric holds a Bachelor of Science degree in Business Administration from St. Joseph’s University. 

Christopher Vahey

Regional Leader, North America Commercial Surety

Chris Vahey is a skilled leader with surety experience since 1997.  In his role as Regional Leader of Commercial Surety, Chris is responsible for managing the pipeline, driving new business growth, ensuring profitability, and maintaining stringent underwriting standards across territories. Chris holds a Bachelor of Business Administration degree in Finance and Risk Management & Insurance from Temple University.

Craig Gortner

Chief Underwriting Officer, North America Commercial Surety

With over 39 years of surety experience, Craig Gortner leads the Commercial Surety Home Office team and is responsible for underwriting guidance and strategic direction of the Commercial Surety portfolio. Craig holds a Bachelor of Science degree in Finance from Siena College. Craig currently serves as the SFAA as Energy Chairman, is a Chartered Property Casualty Underwriter (CPCU), and holds his AFSB (Associate in Fidelity and Surety Bonding) designation.

Case Studies

  • Construction Surety Solutions

    A best-in-class contractor was outgrowing their surety provider and was searching for a new surety provider who could help them grow their business in both revenues and market knowledge.  Chubb was able to quickly provide analytical tools along with direct access to local and national leadership to discuss their operations, future needs, and best practices.  Chubb was considered the superior trusted surety advisor, resulting in a successful surety relationship between the contractor and Chubb.

  • Transactional Surety Solutions

    When a large insurance agency needed to reduce the amount of time it took to issue insurance adjuster bonds, our transactional underwriters responded immediately to find creative solutions. Through the convenient Chubb Surety Marketplace online portal, our team set up a custom surety bond product and established a streamlined process to enable automatic approvals. We specialize in developing custom programs to address your specific needs quickly and efficiently.

  • Commercial Surety Solutions

    An international energy company needed a payment bond from a surety provider with deep expertise in multinational operations. Drawing on our capabilities in more than 50 countries and territories, we promptly engaged with our underwriting partners in Europe to develop an innovative surety solution. Our international capabilities and local underwriters in numerous countries allow us to be nimble and decisive – a true differentiator in the market.

FAQ

 "We have long-tenured people who believe in a lasting culture of underwriting excellence, deep meaningful relationships, and an enduring business strategy," says Rich Barnett. "The cornerstone of these long-standing relationships is not simply providing surety capacity. It’s things like taking a deep interest in your clients’ business, listening, preparedness, and fostering an environment of consistency."

The Surety & Fidelity Association of America and EY partnered to develop an in-depth report on the economic value of surety bonds. Review the one-page report linked below to learn more about why surety bonds are so important from saving taxpayers money to protecting local workers.

Marketing Resources

We have the expertise, the capabilities, and the tools for your surety success.

Want more information on Chubb Surety products and capabilities?

We’d welcome the opportunity to discuss your needs and how our team and our solutions can help.

Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at www.chubb.com.  Insurance provided by ACE American Insurance Company and its U.S.- based Chubb underwriting company affiliates.  All products may not be available in all states. This communication contains product summaries only.  Coverage is subject to the language of the policies as actually issued.  Surplus lines insurance sold only through licensed surplus lines producers.  Chubb, 202 Hall's Mill Road, Whitehouse Station, NJ 08889-1600.

1 According to The Surety & Fidelity Association of America

2 As of May 2023. See full international capabilities here