Surety Group

What Surety Group does

Surety Group is a specialty surety bond underwriting division of Tokio Marine HCC, the US specialty insurance arm of Japan's Tokio Marine Group. Founded in 2004 and headquartered in Los Angeles, the division writes surety bonds across five core segments: contract performance and payment bonds for construction contractors, commercial license and permit bonds for regulatory compliance, court judicial probate and fiduciary bonds for legal proceedings, customs bonds for international trade, and a Large National Commercial Surety division with up to $50 million in single-account capacity. The group is underwritten by four affiliated carriers — American Contractors Indemnity Company, Texas Bonding Company, United States Surety Company, and U.S. Specialty Insurance Company — which collectively carry an A++ (Superior) AM Best rating, AA- (Very Strong) Fitch rating, and A+ (Strong) S&P Global rating.

The division's technology stack centers on three proprietary digital platforms: the Surety Online portal for agent quoting and binding, the Bond Renewal system for processing existing bond renewals, and the Bond Validation system for verifying bond authenticity. These platforms differentiate primarily on ease of use rather than AI-driven capabilities. Surety Group operates 13 regional offices across 10 US states (California, Alabama, Arizona, Colorado, Maryland, Massachusetts, Ohio, Pennsylvania, Texas, and Washington), with concentrated multi-office coverage in California (Los Angeles, Sacramento, San Diego, Santa Ana). The division is led by Adam S. Pessin as President and CEO.

Surety Group's go-to-market is exclusively channel-based, distributing through an extensive network of independent insurance agents and brokers who must obtain state appointments via the Surety Group's Agency Service Center. Revenue is generated through insurance premiums on multi-year contract structures, with pricing customized based on contractor profile, project size, and risk assessment. As a sub-brand within Tokio Marine HCC's federated specialty insurance model — alongside Aviation, Cyber, A&H, D&O, Crop, and Public Risk divisions — Surety Group benefits from cross-divisional distribution and the parent group's $86 billion Tokio Marine Group market capitalization.

Name

Surety Group

Legal name

Tokio Marine HCC

Website

https://tmhcc.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Surety Group is the specialty surety bond underwriting division of Tokio Marine HCC, writing contract performance, license/permit, court/fiduciary, customs, and large national commercial surety bonds distributed through appointed independent agents and brokers across the United States.

Ownership category

akta.pro rank

Product category

Surety Bonds

NAICS

Finance and Insurance (52)

SIC

Surety Insurance (6351), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Surety & Bond Brokerage (FSAEADAI)

akta.pro secondary industries

Contract Surety Bonds (FSAJAIAA), License & Permit Bonds (FSAJAIAF), Notary / Bail / Miscellaneous Consumer Bonds (FSAJAIAK)

Keywords

• Surety bond underwriting
• Contract performance bonds
• Commercial license bonds
• Customs surety bonds
• Fiduciary court bonds

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Surety Bond Premiums: Tokio Marine HCC - Surety Group generates revenue through insurance premiums from surety bonds including contract performance and payment bonds, commercial license and permit bonds, court judicial probate and fiduciary bonds, customs bonds, and large national commercial surety. The group has $50 million in capacity for large national commercial surety accounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Surety Group underwrites and issues surety bonds that safeguard obligees against principal defaults in performance and payment. The portfolio spans Contract Performance & Payment Bonds for contractors, Commercial License/Permit & Miscellaneous Bonds, Court Judicial Probate & Fiduciary Bonds, Customs Bonds, Energy Bonds, and a Large National Commercial Surety program with $50 million in single-account capacity. Products are distributed through appointed independent insurance agents and brokers using the Surety Online Portal.

Product overview

Tokio Marine HCC - Surety Group is a leading provider of surety bonds that help businesses and individuals provide their customers with confidence and security. The division offers a comprehensive portfolio of surety bond products organized across five core segments: Contract Performance & Payment Bonds for construction and contractor obligations; Commercial License, Permit & Miscellaneous Bonds for regulatory and license requirements; Court Judicial, Probate & Fiduciary Bonds for legal proceedings; Customs and Transportation Bonds for import/export compliance; and Large National Commercial Surety with $50 million in capacity. The group also provides digital service platforms including Surety Online for agent/broker access, Bond Renewal, and Bond Validation tools.

Differentiator

Problem solved

Functional benefit

Brands

• Surety Group: Leading provider of surety bonds including contract performance and payment, commercial, court judicial, customs, and large national commercial surety products
• A&H Group
• Aviation Group
• Cyber & Professional Lines Group (CPLG)
• D&O Group
• Guaranty Group
• Specialty Group
• ProAg
• WorldTrips
• On Call International
• Public Risk Group
• Credit Group
• Tokio Marine GX
• Avemco
• HC Aviation
• USSIC Aviation

Products and services

• Contract Performance & Payment Bonds Surety bonds that safeguard against defaults in both performance and payment by a principal, tailored to the unique requirements of each contractor.
• Commercial License Permit & Miscellaneous Bonds National market surety services covering license and permit bonds and other commercial surety obligations required for regulatory compliance.
• Court Judicial Probate & Fiduciary Bonds Court bond solutions with greater flexibility and broader spectrum of options for judicial, probate, and fiduciary requirements.
• Customs Bonds Customs and transportation related surety bonds for importers and logistics companies engaged in international trade.
• Energy Bonds Surety bonds including operator bonds as well as supplemental and right-of-way bonds for the energy sector.
• Large National Commercial Surety Dedicated national commercial surety account division with $50 million in capacity to serve standard and specialty accounts nationwide.

Quantifiable outcome

• A++ (Superior) AM Best rating - highest possible rating for financial strength
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Tokio Marine HCC Underwriting CompaniescoreStrategic or Co-development PartnerSurety Group operates under Tokio Marine HCC, a leading specialty insurance group. The group is backed by Tokio Marine HCC's financial strength and ratings (A++ AM Best, AA- Fitch, A+ S&P). Underwritten by American Contractors Indemnity Company, Texas Bonding Company, United States Surety Company and U.S. Specialty Insurance Company.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Merchants Bonding Company: Top-15 US surety writer specializing in contract, commercial, and court surety bonds distributed through independent agents. Closest direct comparable to Surety Group in terms of product focus, agent-driven GTM, and mid-market commercial customer orientation.
• Hudson Insurance Group: Specialty surety carrier writing contract, commercial, and license/permit bonds distributed through agents and brokers. Comparable specialty positioning, product mix, and distribution model to Surety Group's agency-driven surety operations.
• Colonial Surety Company: Specialty surety carrier focused on license/permit, court, probate, and small commercial bonds — overlapping significantly with Surety Group's commercial license/permit and court/fiduciary segments. Comparable size and customer profile.
• International Fidelity Insurance Company (IFIC): Specialty surety writer offering contract, commercial, court, and miscellaneous bonds through agents. Comparable product breadth and distribution approach to Surety Group, with a similar focus on independent agent appointments and small-to-mid commercial customers.

Broad incumbents

• CNA Financial (Surety): Commercial-focused insurer with a dedicated surety practice serving contractors, commercial businesses, and fiduciaries. Comparable product mix and distribution model (agent-driven) to Surety Group, and a frequent competitor on mid-market contract and commercial surety accounts.
• Liberty Mutual Insurance (Surety): One of the largest US surety writers, offering contract, commercial, and fidelity bonds through both direct and agent channels. Highly comparable to Surety Group as a national surety provider serving contractors and commercial accounts, though Liberty Mutual is a primary carrier capturing full underwriting margin rather than an agency.
• Zurich North America (Surety): Global insurer with a strong North American surety practice offering contract, commercial, and fidelity bonds. Comparable to Surety Group on product set and customer segments, with additional international reach that Surety Group lacks.
• Chubb (Surety): Global insurer with a substantial surety practice covering contract and commercial surety bonds. Comparable product portfolio to Surety Group, including high-capacity commercial accounts, and competes for the same large contractor and enterprise customers.
• Travelers (Bond & Financial Products): Major surety underwriter offering contract, commercial, and license/permit bonds nationwide. Directly competes with Surety Group on the same product set and customer segments (contractors, commercial businesses) but operates as an integrated carrier with proprietary distribution.
• The Hartford (Surety Bonds): Top-tier surety provider with strong ratings and nationwide distribution, offering contract, commercial, and court bonds. Directly competes with Surety Group across most product lines and serves overlapping customer segments including contractors and small-to-mid commercial accounts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubevimeo.com/tmhcc
• LinkedInlinkedin.com/company/tokiomarinehcc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Surety Group