Changing with the Times: Surety Innovations Evolving with Public and Private Priorities

Recorded On: 10/18/2016

Contract procurements have changed and will continue to evolve. Technological advancements continue to impact construction means and methods. It only follows that performance and payment guarantees must evolve as well. This team of claim/legal, underwriting, and risk management professionals explained how and why surety guarantee products have and will continue to change.

Bill Ernstrom

Vice President, Major Strategic Projects for Walsh Construction Company

Bill Ernstrom is Vice President for Major Strategic Projects for Walsh Construction Company, one of the largest domestic contraction services companies in the United States. Mr. Ernstrom is one of the corporate leaders for Walsh on all large design-build, PPPs, and project pursuits involving alternative project delivery systems. He is also responsible for the underwriting of all major projects pursued by Walsh.

Jacob Fulmer

Regional Underwriting Officer, Travelers Bond & Specialty Insurance Construction Services, National Accounts

Jacob is the Regional Underwriting Officer for National Accounts and International.  He began his career in 2001 at Travelers in Orlando, FL as an Account Executive.  In 2009, he moved to Hartford to join the National Account Unit and began working on the International business in 2014.  He graduated from the University of Central Florida with a BS in Finance and earned his MBA from the Fuqua School of Business at Duke University.

Mary Alice McNamara, Esq

2VP & Counsel, National Accounts unit of Travelers Bond & Specialty Insurance

Mary Alice is 2VP & Counsel for the National Accounts unit of Travelers Bond & Specialty Insurance.  Mary Alice began her surety career in private practice in Baltimore in 1990, specializing in surety and maritime law before moving to Travelers in 1997 where she was a Surety Claim Attorney and later a Senior Corporate Counsel providing legal services and advice to the surety group. In 2004, she began working with the National Accounts unit of Travelers Bond and was promoted to 2VP & Counsel for the National Account unit in April 2010.  Mary Alice received her Bachelor of Arts degree from the University of Delaware and her law degree, cum laude, from the University of Maryland School of Law.  She is admitted to the bars of the federal and state courts of Maryland and the District of Columbia, and is a frequent presenter on topics related to the construction and surety industries.  Mary Alice is a Vice Chair of the ABA/TIPS Fidelity & Surety Law Committee, a Co-Chair of the Underwriting and Risk Management Subcommittee of the ABA/TIPS Fidelity & Surety Law Committee, and Co-Editor of The Surety Underwriter’s Desk Book

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