Unraveling the Knot of Trusts and Surety Indemnification
Recorded On: 03/19/2013
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In an effort to take some of the mystery out of the trust as a vehicle for construction company ownership, this presentation discusses the increasing use of trusts and the challenges posed to sureties; identifies and evaluates risk associated with the most common forms of trusts; and outlines the steps to properly underwrite and secure the indemnity obligations of the trust.
Kimberly Bowden Czap
Managing Director & Counsel, Travelers Bond
Kimberly Bowden Czap began her career with Travelers in 2000 as a litigation associate practicing in the area of commercial liability litigation. In 2001, she joined the Construction Services Bond Claim operation in Philadelphia. She currently serves as a Managing Director & Counsel, and also handles complex construction defaults, and provides legal support for underwriting. She has authored several articles on surety underwriting and claim topics, and is a frequent presenter at industry functions for the American Bar Association, regional surety conferences, and presentations to customers on risk mitigation.
John Coyne
Vice President & Regional Underwriting Officer, Travelers Bond
John Coyne, a Vice President and Regional Underwriting Officer for Travelers Bond and Financial Products, is a 32 year veteran of the surety business having started his career with the Fireman’s Fund in their branch office in Philadelphia. He earned a BA in Economics and completed several graduate courses in management and public administration at Carnegie Mellon University in Pittsburgh. He holds an MBA from LaSalle University. Mr. Coyne has lectured widely on various surety topics and has authored several articles.
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