About FIRST SURETY CORPORATION

FIRST SURETY CORPORATION is

• An innovator in the surety industry
• Providing commercial surety capacity specializing in tailored surety programs for the energy industry
• Active in developing specialized surety programs where no surety capacity exists or for underserved markets.

First Surety is a West Virginia insurance company regulated by the Insurance Commissioner of West Virginia:

• Licensed in West Virginia, Ohio and Indiana (surety not included under the Indiana license).
• Actively writing surety in West Virginia and Ohio.
• Pursuing licenses in other states.

First Surety operates as a standalone entity that generates steady underwriting and investment income, and it has no debt.

First Surety has

• Capital and surplus as regards to policyholders in excess of $6.2MM
• Sound Incurred But Not Reported reserves with no paid losses
• Zero claims
• Reinsurance treaties with various syndicates at Lloyd’s of London.

Our business philosophy is to provide capacity under surety lines of property & casualty insurance for its policyholders at an economically rational rate. We are a preferred provider of customized surety programs to specialized markets where capacity is needed

We succeed through traditional, conservative surety operations of underwriting for zero losses. This underwriting is based on the Cs of surety underwriting: Character, Credit reputation, Capacity, and Collateral, coupled with a full understanding and proactive monitoring of the physical circumstances underlying the policy/bond obligation.