An Introduction to a Myriad of International Surety Markets

Recorded On: 09/10/2019

As the world becomes more and more interconnected, the surety industry is becoming more and more global. Companies doing business around the world are finding surety requirements and the surety markets vary greatly from country to county. In addition, there is a growing trend of foreign contractors of all sizes coming to the U.S. to take advantage of the open and growing construction marketplace. This presentation will highlight differences between the U.S. and global surety markets and provide an overview of surety requirements around the world including in Germany and the European Union, Brazil and other Latin American countries and Dubai and countries of the Gulf Cooperation Council and more! International surety continues to be a significant opportunity for the surety industry and smart surety professionals need to understand these various markets. This session will provide a brief introduction to how surety operates around the world.

Mike Bond

Head of Surety – North America

Mike Bond is Head of Surety – North America for Euler Hermes North America. Mr. Bond is responsible for extending Euler Hermes’ global surety platform into the United States and Canada. In his role as Head of Surety, Mr. Bond oversees a growing team which serves contract and commercial surety customers in North America. Euler Hermes is one of the largest credit and surety providers in the world. Prior to Euler Hermes, Mr. Bond held a variety of roles with Zurich North America, including the head of Zurich Surety and Head of Credit & Political Risk.

Angelo J. Balestrieri

VP with Euler Hermes’ North America Surety

Angelo J. Balestrieri is a VP with Euler Hermes’ North America Surety team. His surety focus is on international/reverse flow and large corporates. Before joining Euler Hermes, Angelo worked in the surety arena for Zurich and AIG as well as in the corporate banking sector with several international banks including NatWest, Sumitomo, and Rabobank.

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