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The American Surety Company bought two lots at Broadway and Pine Street in 1893: an L-shaped lot with frontage on both streets, and another lot at the corner. The price of the latter—$400,000, equivalent to $12,135,980 in 2023 [d] —was the largest price ever paid for a Broadway property at the time. [39]
On January 19, 1898, Trenholm (then president of the American Surety Company) was elected president of the North American Trust Company. [3] In 1899, Trenholm desired to be "free of business cares" and retire, and an election was held for a new president at 100 Broadway.
In 2002, the company acquired Dickson Manchester Ltd. and MAG Global Financial Products. [21] [22] In 2004, the company acquired American Contractors Indemnity Company and RA&MCO Insurance companies. [23] [24] In 2005, the company acquired US Surety company, DeMontfort Group, Ltd., Perico Ltd., MIC Life Insurance, and the Ilium Insurance Group.
The Great Atlantic and Pacific Tea Company (Farmer Jack, Food Basics USA, The Food Emporium, Sav-A-Center, Super Fresh, Waldbaum's) H. H. Gregg Hartz Mountain Industries
The North American Trust Company was organized in early 1886, with a capital of $1 million. At the end of 1897, the company report announced that it had resources of about $5.5 million, an increase from about $5.1 at the end of 1896. At the start of 1898, the company was located in the American Surety Building at 100 Broadway. [1]
On November 20, 1902, the Fidelity and Deposit Company agreed along with two other major Baltimore bonding surety companies, the United States Fidelity and Guaranty Company and the American Bonding and Trust Company, to "end rate cutting in taking bonds." The New York Times estimated that the agreement would implemented in other cities as well. [2]
The booming U.S. stock market will help keep the dollar expensive as global investors pour money into America, a foreign exchange strategist said. But the politics of any trade deals that the ...
Usually, a surety bond or surety is a promise by a person or company (a surety or guarantor) to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to ...