Interesting Insights Into The World Of Subdivision Bonds
Subdivision/Development bonds are a common requirement in most municipalities across the county. During this NASBP Virtual Seminar, Chris Lydick of McGriff will moderate a conversation on subdivision bonds with Scott Elliott of Philadelphia Insurance Companies, Twanisha Siejkowski of Great American Insurance Group, and Daniel Young of Liberty Mutual Surety. Our panelists will bring their underwriting experiences to the table and discuss how recent, significant macroeconomic changes have affected the subdivision bond landscape.
Chris Lydick (Moderator)
Vice President / Construction Practice Group, Contract and Subdivision Bonds
Chris Lydick is a Producer and Vice President at McGriff. He is responsible for maintaining surety credit for high-level surety clients and development of new relationships. Chris and his team consult with clients about their bonding programs and other high-level issues impacting their businesses throughout the Southeast.
He began his career as an intern with USF&G (now part of Travelers), and shortly thereafter joined its surety bond trainee program in San Antonio, TX. Upon completion of the training program, he transferred to Orange County, CA as a contract surety underwriter. After a few years on the underwriting side, Chris accepted a producer role with the Robert F. Driver Co. (now Alliant) in San Diego, CA. After 15 years in Southern California, he moved back to the east coast in 2010 and joined McGriff.
Chris has been active in and participated in many committee/leadership positions in various industry associations including ABC, AGC, CFMA, NUCA, and NASBP. With almost 30 years in the surety industry, he focuses on several niches including joint ventures, development bonds, and tax credit-related bonds in addition to the traditional contract surety needs of general contractors and subcontractors.
Assistant Vice President /Regional Surety Leader
Philadelphia Insurance Companies / A Member of The Tokio Marine Group
Scott grew up in Charlotte, graduated from North Mecklenburg High School in Huntersville and went on to attend Appalachian State University in Boone, North Carolina where he earned a Bachelor of Science in Business Administration degree with a double major in Economics and Banking as well as a minor in Industrial Technology. He was a member of the Alpha Kappa Psi Business Fraternity.
Scott is the Regional Surety Bond Manager for Philadelphia Indemnity Insurance Company with management, marketing, and underwriting responsibilities in the Southeast United States. Scott was promoted to an officer of the company in 2016. He has been in the surety bond industry for over 25 years and holds both the Chartered Property and Casualty Underwriter (CPCU) and Associate in Surety and Fidelity Bonding (AFSB) professional designations. Both designations are the highest designations one can hold in the Surety Industry.
Scott is very active in church and civic activities. He spent 7 years on the Board of Carolina International School and 3 years as Board Chair. He is the immediate past Chair of the Cabarrus County Republican Party. Currently, Scott sits on Executive Board of Central North Carolina Council of the Boy Scouts of America where he is the Vice President of Finance. Scott also chairs the finance committee for his church.
NE Regional Underwriting Manager – Commercial Surety
Great American Insurance Group
As Financial Products Underwriting Manager for Great American Insurance Company, Twanisha N. Siejkowski has over 26 years of experience in the areas of surety, banking, and insurance. Twanisha has worked in both contract and commercial surety, and currently oversees the Commercial Northeast region covering 11 states including parts of NC & SC. Twanisha’s experience spans all facets of these industries including territory management, relationship management, marketing, underwriting, financial analytics, loan administration, and operations.
Prior to joining Great American, Twanisha has worked in varying capacities at Nationwide Surety, Chubb, Samsung, and PNC Bank. Twanisha is member of several community and business organizations including Women in Surety, SANJ, the Master Gardeners of Essex County and the Native Plant Society of NJ. Twanisha also served as one of the founding members and Chairperson of Surety Women & Minorities (SWAM), a Chubb employee diversity council.
Twanisha currently participates in volunteer activities for the Rutgers NJ Agricultural Experiment Station, NJ Battered Women’s Service and the West Orange United Football Club. Twanisha received her Undergraduate degree in Business Administration and Finance from Thomas Edison State University. In her spare she enjoys traveling, gardening, reading, and Pilates.
Senior Contract Underwriting Officer Surety Plus
Liberty Mutual Surety
Dan has been working in the surety industry for over 37 years. He currently serves as the lead underwriter for the Surety Plus division (small-mid and transactional contract, subdivision for privately held companies and Vista) of Liberty Mutual Surety. Previous positions include, Chief Underwriting Officer for AmTrust Surety and The Insco/Dico Group, as well as the head of subdivision underwriting for The Insco/Dico Group from 2003-2011 Dan holds a BBA in Finance as well as the AFSB designation and is a member of the SFAA and NASBP.
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