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Allianz Trade is an international insurance company that offers a range of services, including trade credit insurance, debt collection, surety bonds and guarantees, business fraud insurance and political risk protection. It monitors the financial health of over 80 million companies. [1] It is a subsidiary of Allianz SE.
The first modern bail bonds business in the United States was established by Peter P. McDonough in San Francisco in 1898. [4] However, clay tablets from ca. 2750 BC describe surety bail bond agreements made in the Akkadian city of Eshnunna, located in modern-day Iraq.
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 ...
The company was founded by Jack Lockton in 1966 and has since become the world’s third largest privately owned insurance brokerage firm, [3] and the 10th largest overall. [4] Lockton serves a wide array of industries with services that include risk management, casualty, surety, professional indemnity and more.
A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .
According to the company, Enviva supports more than 1,800 jobs in mostly rural North Carolina at its four wood pellet production plants and Port of Wilmington facility and has invested more than ...
In May 1902, the United States Fidelity and Guaranty Company of Maryland purchased a controlling interest in the stock of the New York surety company The Lawyer's Surety Company. The surety company remained in business, and there was no merger. [10] On November 20, 1902, the company agreed along with two other major Baltimore bonding surety ...
In 1967, the company's home office was moved from Skokie to Northbrook, Illinois. Allstate continued to sell additional types of insurance to customers throughout the decade, including worker's-compensation insurance in 1964, surety bonds in 1966, inland-marine coverage in 1967, and a business package policy in 1969. [7]