BOSS Bonds announces partnership for surety platform

BOSS Bonds announces partnership for surety platform | Insurance Business America

Insurance News

BOSS Bonds announces partnership for surety platform

Collaboration will support a mission to assist minority-led construction firms

Insurance News

By
Kenneth Araullo

BOSS Bonds Insurance Agency, a subsidiary of General Indemnity Group (GIG), announced a new partnership with Kingdom Bonding of Fairfax, Va., to implement BOSS Bonds’ SuretyBonds.Market (SBM) platform.

Boss Bonds highlighted this collaboration as integral in bolstering Kingdom Bonding’s ability to provide surety bond solutions to its clients, particularly in the construction and contractor sectors.

The SBM platform, developed by BOSS Bonds, is designed to streamline the process of delivering surety bond solutions. This technology allows agents to manage their clients’ bonds at every stage, including application, underwriting, issuance, and renewals.

Rick Bredow (pictured above), head of business development at BOSS Bonds, noted that the deployment of the SBM platform will enable Kingdom Bonding to serve its customers more effectively by providing advanced technology to insurance agents, allowing them to expand their offerings in the surety bond market.

Neb Aynu, founder and owner of Kingdom Bonding, emphasized that the partnership with BOSS Bonds will support Kingdom Bonding’s mission to assist minority-led construction companies in achieving financial stability.

“This technology helps us do just that by making it easy and seamless for those in the construction space to acquire contractor license bonds and other types of bond products,” Aynu said.

Aynu also pointed out that the SBM platform improves both customer-facing and back-end systems, enhancing operational efficiency and customer service. He noted that the combination of advanced technology and live support provides a seamless bonding experience that is unique to BOSS Bonds.

BOSS Bonds, with over 40 years of experience, operates as a national surety managing general agency licensed in all 50 states.

Earlier this year, GIG announced that it rebranded BOSS Bonds via its merger from South Coast Surety Insurance Agency. This rebranding consolidated the surety agencies GIG acquired since 2017, resulting in a full-service surety products and solutions provider for insurance agents and individuals nationwide.

In addition to rebranding, GIG integrated SuretyBonds.Market (SBM) under BOSS Bonds.

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