Keeping Surety Weird: Exploring Opportunities in Commercial Surety

Everyone’s heard of replacing letters of credit with surety bonds, but what about securing letters of credit with bonds?! From sometimes seemingly esoteric surety risk to working with industries and stakeholders that have no idea what surety really is, or why they need it! As we dive into what can be the weird and wonderful world of Commercial Surety, discussing surety-backed letters of credit, personnel supply bonds, software installation bonds, insurance deductible bonds, investment security bonds, and so much more, you may find yourself asking the question - “What the heck are we bonding here?” But join me as we uncover how to think outside the box and push the surety industry and its unmatched value into places unknown.

Stefan Engelhardt

Director, Sales & Marketing

CAC Speciality

Stefan is currently a Vice President, Surety with CAC Specialty, but before joining the team at CAC Specialty he was the Sales Leader for Brown & Brown’s National Surety Practice. In that role, outside of leading the sales team, Stefan focused on surety marketing and carrier relationships for the 100+ retail offices Brown & Brown has within the US. He holds a Master’s degree in Applied Mathematics and a Bachelors in Physics from the University of Central Florida, and worked as a hardware engineer in the PNW before getting into surety. Stefan is also serves as the Vice Chair of NASBP’s Professional Development Committee. He has visited every state in the US except for Hawaii and Montana, and plans to visit every European country before 2030.

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