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Ullico : ULLICO Casualty Company Treasury Listing Rises to $8.2M
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ULLICO Casualty Company Treasury Listing Rises to $8.2M

September 25, 2009

ULLICO Casualty is pleased to announce that our certificate of Authority to qualify as an acceptable surety on Federal bonds has been renewed and our approved underwriting limitation has increased to $8.297 million from $5.8 million. The new treasury listing is effective as of July 1, 2009.

Our higher treasury listing is due to ULLICO Casualty's strengthened capital position in 2008 as a result of retained earnings and a capital infusion of $25 million from ULLICO, Inc. to support new business initiatives.

ULLICO Casualty Group, Inc. is the risk solutions provider for labor and employers who utilize union workers. as the managing general underwriters for ULLICO Casualty Company, we value ourselves as business partners with the contractor and agent, consistently striving to understand the contractor's need and business. Our commitment to developing long term successful partnerships is demonstrated through our sense of urgency with new submissions and responsiveness in our underwriting decisions.

Our Contract Surety Bond Program offers:
  • Competitive rates
  • Work programs for established contractors
  • Options for smaller contractors to provide them the chance to compete for projects, thus, helping qualified smaller contractors thrive with the goal of creating jobs for union workers
Benefits of our surety program:
  • Enable small union contractors to pre-qualify for the work programs they can manage
  • Provide a market for prime contractors and first tier subcontractors as well as lower tier and specialty accounts
  • Offer surety bonds with flexible working capital, net worth and premium standards
  • Write bonds for maximum work programs up to $5 million for single jobs and up to $15 million for aggregate work on hand

ULLICO Casualty Company is a member of the Surety Association of America and is licensed for surety in 47 states and the District of Columbia. ULLICO Casualty Company is rated in the secure category of B+/Good with a "positive outlook" by A.M. Best Company as of June 30, 2009.

 

For further information about our Contract Surety Bond Program, please visit our website www.ullico.com/casualty or contact:

Ed Titus                                                 
Vice President of Surety
1625 Eye Street, NW
Washington, DC 20006
etitus@ullico.com
202.962.8914
 
Dennis Ferretti                                                                Michael Cundiff
Underwriting Manager                                                   AVP, Regional Officer
Eastern Region & all other states                                Western Region
dferretti@ullico.com                                                     mcundiff@ullico.com
202.962.8923                                                                 818.333.5195

Mike Hall                                                                          John O'Brien
Underwriting Manager                                                  Vice President, Marketing
Western Region                                                             jobrien@ullico.com
mhall@ullico.com                                                          202-962-2980
818-333-5196
Our toll free number is also available at 888-315-3352 

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* ULLICO Casualty Group, Inc.  is an affiliate of ULLICO Casualty Company and both companies are subsidiaries of ULLICO Inc., the holding company.  ULLICO Casualty Group Inc. in CA, ULLICO Insurance Agency Inc. Lic# 0E16939, in NY, ULLICO Casualty Agency.  Products may not be available in all states.
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