Surety One, Inc. of Puerto Rico seeks corporate authority and
licensing to offer surety bonds in Canada.
SAN JUAN, Puerto Rico–(BUSINESS WIRE)–#suretybond–Citing successful referral business and an apparent increase in unmet
demand for surety bond capacity, Surety One, Inc. is moving forward with
plans to expand in to the Canadian market through organic business
development and local partnerships. According to Constantin Poindexter,
Chief Executive Officer of the Poindexter Surety Group, “Canada and the
United States represent over fifty percent of the global surety market.
Our perceived growth in commercial surety requests and the increased use
of public private partnerships represent opportunities for us to do what
we do best.”
Surety One, Inc. has applied for corporate admission and expects to be
operational within three months. With the support of its current carrier
appointments and breadth of experience provided by insurers seasoned in
the Canadian market, Surety One, Inc. expects for the move to be
reasonably profitable within its first year of activity. Says
Poindexter, “We can’t export palm trees and piña coladas to them but we
can certainly offer Canadian consumers the superlative customer-focused
service that my team provides.”
Surety One, Inc. is a managing general agency focused on underwriting
surety bonds and financial guarantee. The firm, domiciled in Puerto
Rico, is licensed to conduct business in all fifty states, U.S. Virgin
Islands and the Dominican Republic. The Surety One, Inc. Team has earned
the loyalty of a large number of companies in diverse industries and
recognition within the surety insurance sector as a trusted underwriter.
Surety One, Inc.
Yeimy Rodriguez, 800-373-2804