Cheshire, CT and
Ken Chapman joins IAT on August 27,
“This is an exciting opportunity,” said Chapman. “IAT is a dynamic insurance company with strong financial resources to increase the bonding and T-list capacity of IFIC, and IFIC is a highly regarded surety writer with strong underwriting discipline. I look forward to working with George James (Head of Commercial Surety) and Adrian Oddi (Head of Contract Surety) and their talented teams who have built a solid foundation and strong agent partnerships at IFIC.”
Prior to his 22-year career with Travelers Bond & Specialty/Reliance Surety Company (Bond), Chapman held positions as a surety underwriter (Northern California and Hawaii) for Continental Insurance Company/CNA and as a branch manager (New Mexico, Colorado and West Texas markets) for Insurance Company of the West. He began his surety career in Dallas with
IAT announced it reached a definitive agreement to acquire IFIC Surety Group in April 2018. The acquisition is expected to close in the third quarter of 2018 following customary regulatory approvals. IFIC Surety Group consists of International Fidelity Insurance Company and its subsidiary Allegheny Casualty Company. The group has 220 employees and more than $150 million in gross written premiums. It is the largest independently owned surety writer in the United States, and the country’s eighth largest overall.
About IAT Insurance
IAT Insurance Group is a privately owned, specialty insurance company providing property and casualty products for businesses and individuals. The IAT Insurance Group companies are rated A- Excellent by A.M. Best. Connect with IAT Insurance Group on LinkedIn and Facebook, and learn more about the company at www.iatinsurancegroup.com.