As a surety leader for more than 140 years, Chubb is a partner you can count on and grow with.
Why Chubb Surety?
Our surety roots run deep and strong. We wrote our first bond over 140 years ago and stand today as a trusted worldwide surety leader. Dedicated to serving our clients’ unique needs, we provide consistent, dependable expertise to protect a wide range of businesses with our financial strength, our stability, our capacity, and our commitment.
Our array of products offers surety solutions for a variety of needs.
For a wide range of contractors, we provide performance bonds, payment bonds, maintenance bonds, supply and install bonds, service bonds, and more.
We combine over a century of experience with the latest industry knowledge and unite capacity and proven financial strength with deep customer focus to create the surety solutions that your business needs.
Chubb builds close, reliable, and lasting business relationships with deep understanding of our clients’ unique cultures, leadership, and business plans. With trust, information flow, and collaboration, leadership teams have ready access to our surety professionals who will work to find solutions for even the most challenging projects.
Chubb’s track record of exceptional financial strength and stability is supported by experienced underwriting and unwavering commitment to client success. That’s what makes us the ideal surety partner.
Look to us for critical industry knowledge as our surety underwriting team stays focused on the latest local, national, and global trends. Whether you’re building joint-venture relationships, negotiating contract terms, or even transferring ownership, we provide insights and information that can enhance your business.
A market leading surety with coverage across the globe
We have surety capabilities in more than 50 countries and territories worldwide.[2] Our global branch network and our well-developed fronting arrangements provide you with surety bond solutions throughout North America as well as many countries in Europe, Central and South America, and the Asia/Pacific region.
Your surety provider’s knowledge of surety complexities makes a big difference. Chief among Chubb’s valuable capabilities is the high level of hands-on experience in our large and dedicated surety team.
President, North America Surety and Chief Underwriting Officer, Global Surety
With more than 30 years of surety experience, Steve Haney has executive oversight of Chubb’s global surety operations, which includes underwriting, product and business development, and overall strategy. Steve has served as President of The Surety and Fidelity Association and currently sits on the association’s board. Steve holds a Bachelor of Science in Finance from Penn State University.
Chief Operating Officer, North America Surety
Responsible for the underwriting, strategy, and profitable growth of Chubb's commercial and construction surety businesses in North America, Teresa Black has over 25 years of industry experience. Teresa holds an MBA in Finance from the Leonard N. Stern School of Business at New York University and a Bachelor of Arts degree in Economics from Binghamton University.
Head of North America Construction Surety
With four decades of surety experience, Rich Barnett heads the underwriting, strategy, and product management of construction surety products and services offered through our global large accounts segment. Rich holds Bachelor of Arts degrees in Business Administration and Economics from Wartburg College and is a Chartered Property Casualty Underwriter (CPCU).
Head of International Surety
Bruce Cliff has oversight of surety operations for Chubb Overseas. With over 35 years of surety experience, Bruce is responsible for advancing international surety’s underwriting, strategy, and profitability. Bruce holds Bachelor of Arts degrees in Business Administration and Finance from Wittenberg University and a Juris Doctor degree from Valparaiso University.
"We have long-tenured people who believe in a lasting culture of underwriting excellence, deep meaningful relationships, and an enduring business strategy," says Rich Barnett. "The cornerstone of these long-standing relationships is not simply providing surety capacity. It’s things like taking a deep interest in your clients’ business, listening, preparedness, and fostering an environment of consistency."
The Surety & Fidelity Association of America and EY partnered to develop an in-depth report on the economic value of surety bonds. Review the one-page report linked below to learn more about why surety bonds are so important from saving taxpayers money to protecting local workers.
A best-in-class contractor was outgrowing their surety provider and was searching for a new surety provider who could help them grow their business in both revenues and market knowledge. Chubb was able to quickly provide analytical tools along with direct access to local and national leadership to discuss their operations, future needs, and best practices. Chubb was considered the superior trusted surety advisor, resulting in a successful surety relationship between the contractor and Chubb.
When a large insurance agency needed to reduce the amount of time it took to issue insurance adjuster bonds, our transactional underwriters responded immediately to find creative solutions. Through the convenient Chubb Surety Marketplace online portal, our team set up a custom surety bond product and established a streamlined process to enable automatic approvals. We specialize in developing custom programs to address your specific needs quickly and efficiently.
An international energy company needed a payment bond from a surety provider with deep expertise in multinational operations. Drawing on our capabilities in more than 50 countries and territories, we promptly engaged with our underwriting partners in Europe to develop an innovative surety solution. Our international capabilities and local underwriters in numerous countries allow us to be nimble and decisive – a true differentiator in the market.
Chubb Surety solutions and services
Engineering New-Record (ENR) Top 400 Contractors
Chubb Surety Marketplace
We’d welcome the opportunity to discuss your needs and how our team and our solutions can help.
Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at www.chubb.com. Insurance provided by ACE American Insurance Company and its U.S.- based Chubb underwriting company affiliates. All products may not be available in all states. This communication contains product summaries only. Coverage is subject to the language of the policies as actually issued. Surplus lines insurance sold only through licensed surplus lines producers. Chubb, 202 Hall's Mill Road, Whitehouse Station, NJ 08889-1600.
1 According to The Surety & Fidelity Association of America
2 As of May 2023. See full international capabilities here
