Private Equity and Bonding Private Venture Owned Business

Private equity in the modern form is a relatively new vehicle across the history of investing. According to the WSJ, similar investment strategies have existed since the colonial period though it wasn’t until the post-WWII period that the first “private-equity firm” emerged in the US. Underwriting private equity business began with commercial surety in the late 1990s and today is a growing trend in the construction industry.

In this seminar, Anthony Romano of Everest and John Guglielmo of Intact will discuss the emergence of private equity in commercial and contract bonding. The presentation will include industry trends, opportunities, underwriting strategies and mitigation tools to navigate the complexities of private equity.

John Guglielmo

President, U.S. Commercial Surety

Intact Insurance Specialty Solutions

John Guglielmo is the President of U.S. Commercial Surety at Intact Insurance Specialty Solutions. John has over 25 years of experience in the surety industry.

Previously, he was the Vice President of Surety at ACE USA from September 2004 to July 2012. Prior to that, he was the Vice President at Avalon Risk Associates from March 2000 to August 2004.

John began his career in the surety industry as an Underwriter at American International Group (AIG) from January 1996 to September 1997. John then moved to Amwest Surety Insurance Company from September 1997 to March 1999 where he worked as a Senior Underwriter - Surety.

John has a degree from The Johns Hopkins University.

Anthony Romano

Senior Vice President & Global Surety Head

Everest Insurance

Tony is an industry-recognized executive with 30 years of experience. Prior to joining Everest, Tony was Senior Vice President and Managing Director of a surety managing general underwriter (Suremerica) representing XL Catlin. He oversaw all aspects of the international MGU platform. Tony spent the majority of his career employed by AIG in a variety of domestic and international senior product-line roles. He led the Surety operations in the U.S. and Canada where he focused on developing contract, commercial and international surety business. Before assuming this role, he managed AIG’s international Fidelity and Financial Institution books. During his career he has underwritten and managed all segments of the surety product line, including: small, mid and jumbo contract, commercial and international business. Prior to joining AIG, Tony was a field underwriter within CIGNA’s New York regional surety office, and participated in the company’s merger with Liberty Mutual.

He completed studies at St. Peter’s University and holds a B.S. degree in Accounting.

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