Gap Financing: An Underwriter's Perspective

This presentation focuses on the recent trend of DOTs to procure work (build or design build) with a delayed payment schedule, its risks and what the Producer will need to know when faced with a request for a bond on a gap finance project.

Catherine Squillace, Esq. is Second Vice President for the Travelers Bond and Financial Products Commercial Surety Claim organization. Prior to this, she was Regional Claim Officer of National Accounts. She joined Travelers in 1997. She graduated cum laude from the State University of New York at Albany and received her J.D. from St. John’s University School of law in 1988. She is a frequent speaker on construction and surety topics and has authored numerous articles applicable to the surety industry.