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Zurich splits surety market to differentiate mid-market, national client needs

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Zurich North America on Thursday announced that it has realigned its contract surety team in an effort to better address clients' needs according to their company size.

The company's contract surety team has been divided into dedicated segments for mid-market and national clients, which will be overseen by Tom McClennan and Dave McVicker, respectively.

“We recognized that our mid-sized and larger national customers each have different needs and require focused underwriting resources to better service those unique needs,” Mike Bond, executive vice president and head of surety at Zurich North America in Washington, said in a statement on Thursday. “Having teams dedicated to each segment will allow Zurich to serve those customers in ways more tailored to their specific requirements and expectations.”

Mr. McVicker previously served as Zurich's vice president of contract surety in the Central Region, while Mr. McClennan most recently served as vice president of contract surety in the East Region.

“These moves demonstrate Zurich's robust organizational structure, bench strength and field authority that allow us to remain squarely focused on the needs of our customers,” Bryan Salvatore, Zurich's president of specialty products, said in the company's statement. “I am confident that the experience, leadership and demonstrated commitment that Tom and Dave bring to Zurich's customers will allow us to expand our presence in the Contract Surety marketplace.”

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