Surety Bonds - W.E. Davis Insurance

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W.E. Davis Insurance Agency provides Surety Bonds through our affiliation with Surety Bonds & Insurance Agency Inc (SBI).

Established in 1978, and centered in Columbus, Ohio, SBI has grown to become the premier surety bonding agency in Ohio, representing many of Ohio's finest contractors. Originally founded by John Koetz (the uncle to the current president of W.E. Davis), Mark Drengler joined the firm in 1989, and became the sole owner in 1995. The agency has continued to grow under Mark's leadership with the addition of Gayle McClellan, also a surety specialist, who joined the agency in 2007 and works out of Toledo.

Surety Submission Requirements

Items Needed For Submission
  1. Last 3 fiscal year-end CPA prepared financial statements including schedules of completed and uncompleted contracts
  2. Aging of accounts receivable as of the most recent fiscal year-end
  3. Most recent interim financial statement including schedules of completed and uncompleted contracts
  4. Aged schedule of accounts receivable concurrently dated with interim financial statement
  5. Most recent tax return for the business
  6. Financial statements for all affiliated companies. If financial statements are not prepared, provide latest tax returns
  7. Personal financial statements for all owners
  8. Contractor’s questionnaire. A recently (last 3 years) completed questionnaire on any surety’s form is acceptable.
  9. If a recent form is not available, use DLK form. Form is available as fill in Word document
  10. Letter from bank indicating amount, security and expiration date of line of credit. Copy of promissory note and security agreement is also sufficient
  11. Resumes of key owners and employees
  12. Copy of corporate buy/sell agreement including details of life insurance on key individuals
  13. Copy of your written business plan (if available)
  14. Any reference letters and/or company brochures or literature that you feel will help present your company in the best light possible

Top 50 Writers (National)

Top 50 Writers of Surety Bonds

Calendar Year 2005

GRAND TOTAL U.S. STATES & D.C.

Direct Premiums Percent of All Direct Premiums

Direct Losses

Group/Company Name

Written Companies Earned

Incurred

Loss Ratio

1. ST PAUL TRAVELERS GRP

876,622,898

19.8%

934,052,641

270,752,537

29.0%

2. CNA INSURANCE GROUP

379,392,844

8.6%

365,186,648

227,536,695

62.3%

3. ZURICH INS GRP

365,328,799

8.3%

328,626,839

80,392,599

24.5%

4. SAFECO INSURANCE GROUP

309,506,325

7.0%

292,905,945

36,657,121

12.5%

5. CHUBB & SON INC

223,127,633

5.0%

199,357,436

63,796,164

32.0%

6. LIBERTY MUTUAL INSURANCE GROUP

209,154,736

4.7%

196,919,549

59,913,246

30.4%

7. HARTFORD FIRE & CASUALTY GROUP

180,615,359

4.1%

169,094,673

33,586,533

19.9%

8. ARCH CAPITAL GROUP

108,970,943

2.5%

98,620,723

30,138,870

30.6%

9. HCC SURETY GROUP

102,394,897

2.3%

89,585,146

16,273,551

18.2%

10. INTERNATIONAL FIDELITY INSURANCE CO

86,326,472

2.0%

83,602,750

16,333,339

19.5%

11. GREAT AMERICAN INSURANCE COMPANIES

77,083,625

1.7%

70,511,941

23,841,350

33.8%

12. NAS SURETY GROUP

72,938,531

1.6%

70,883,791

18,940,379

26.7%

13. ACE LTD

67,102,020

1.5%

57,444,489

6,992,314

12.2%

14. AMERICAN INTERNATIONAL GROUP

61,056,935

1.4%

78,742,737

35,444,690

45.0%

15. X L AMERICA

60,822,479

1.4%

67,554,347

49,539,505

73.3%

16. INSCO DICO GRP

60,177,505

1.4%

55,114,509

9,513,880

17.3%

17. RLI INSURANCE GROUP

50,348,150

1.1%

46,412,412

15,944,767

34.4%

18. WESTFIELD GRP

49,987,224

1.1%

44,858,974

14,909,539

33.2%

19. OHIO CASUALTY GRP

47,481,744

1.1%

44,803,640

12,926,082

28.9%

20. ICW GROUP

43,000,098

1.0%

39,416,610

4,471,529

11.3%

21. MERCHANTS BONDING CO GRP

42,535,734

1.0%

40,708,398

2,872,592

7.1%

22. ALLEGHANY GRP

38,295,213

0.9%

37,863,341

7,945,280

21.0%

23. THE HANOVER INS GRP

38,260,419

0.9%

31,552,837

9,179,731

29.1%

24. OLD REPUBLIC GRP

34,121,053

0.8%

33,100,455

3,664,570

11.1%

25. PROALLIANCE GRP

33,569,834

0.8%

33,451,624

1,976,437

5.9%

26. CINCINNATI FNCL CP

31,753,612

0.7%

28,605,806

4,453,139

15.6%

27. LEXON INS CO

30,372,175

0.7%

25,405,630

89,389

0.4%

28. FAIRFAX FINANCIAL

29,444,884

0.7%

38,929,639

66,187,688

170.0%

29. WR BERKLEY CORP

29,347,023

0.7%

28,275,506

7,080,770

25.0%

30. CONTRACTORS BONDING & INSURANCE

29,026,855

0.7%

28,378,538

1,643,463

5.8%

31. UNITED FIRE & CASUALTY GRP

27,152,222

0.6%

27,741,492

24,850,401

89.6%

32. ACCREDITED SURETY & CASUALTY CO

26,627,510

0.6%

24,339,359

4,833,320

19.9%

33. ALLEGHENY CASUALTY COMPANY

26,622,045

0.6%

26,143,297

23,075

0.1%

34. EMC INSURANCE COMPANIES

26,437,588

0.6%

24,276,775

9,320,779

38.4%

35. KINGSWAY GRP

24,519,103

0.6%

20,537,475

5,511,907

26.8%

36. BOND SAFEGUARD INSURANCE CO

23,078,127

0.5%

16,864,072

1,115,920

6.6%

37. SURETEC INSURANCE CO

20,840,144

0.5%

18,678,397

5,029,567

26.9%

38. PROTECTIVE LIFE INSURANCE GROUP

19,778,139

0.4%

20,509,886

14,323,916

69.8%

39. AMBAC ASSURANCE CORPORATION

19,269,475

0.4%

2,854,521

0

0.0%

40. ZC SPECIALTY INSURANCE COMPANY

18,519,595

0.4%

28,855,845

48,782,668

169.1%

41. ALLIANZ INSURANCE GROUP

16,165,790

0.4%

16,269,850

(38,055,710)

-233.9%

42. NATL GRANGE MUT INS GRP

15,413,943

0.3%

16,671,593

14,024,074

84.1%

43. GUARANTEE CO OF NORTH AMERICA

14,927,616

0.3%

12,502,965

5,641,642

45.1%

44. FIRST SEALORD SURETY INC

14,666,340

0.3%

14,219,861

1,102,661

7.8%

45. NATIONWIDE CORP

14,392,119

0.3%

13,662,214

863,677

6.3%

46. BANKERS INS GRP

14,003,367

0.3%

13,587,521

3,431,360

25.3%

47. BERKSHIRE HATHAWAY

13,938,261

0.3%

18,548,789

218,389

1.2%

48. SELECTIVE INSURANCE

13,789,809

0.3%

12,802,052

1,501,542

11.7%

49. SURETY CO OF THE PACIFIC

12,023,138

0.3%

11,400,909

1,452,161

12.7%

50. AEGIS GRP

11,658,243

0.3%

11,116,150

15,216,945

136.9%

Total Top 50 Writers

4,141,988,593

93.7%

4,011,550,597

1,252,186,043

31.2%

Total of All Other Writers

278,884,688

6.3%

267,153,139

502,964,848

188.3%

Grand Total of All Writers

4,420,873,281

100.0%

4,278,703,736

1,755,150,891

41.0%

Top 50 Writers (Ohio)

 

Top 50 Writers of Surety Bonds

   
 

Calendar Year 2005

   
 

OHIO

   
 

Direct Premiums Percent of All Direct Premiums

Direct Losses

 

Group/Company Name

Written Companies Earned

Incurred

Loss Ratio

1. WESTFIELD GRP

17,164,544

14.6%

16,216,543

13,321,991

82.2%

2. ST PAUL TRAVELERS GRP

15,671,409

13.3%

18,492,417

(525,955)

-2.8%

3. CNA INSURANCE GROUP

8,162,144

6.9%

8,305,237

4,989,695

60.1%

4. CINCINNATI FNCL CP

7,864,488

6.7%

7,413,080

2,578,057

34.8%

5. OHIO CASUALTY GRP

5,289,923

4.5%

5,197,781

1,059,549

20.4%

6. ZURICH INS GRP

5,095,647

4.3%

4,217,070

180,449

4.3%

7. LIBERTY MUTUAL INSURANCE GROUP

5,028,681

4.3%

3,604,478

(543,819)

-15.1%

8. CHUBB & SON INC

4,468,546

3.8%

4,379,768

155,902

3.6%

9. SAFECO INSURANCE GROUP

4,119,295

3.5%

4,098,056

(249,067)

-6.1%

10. GREAT AMERICAN INSURANCE COMPANIES

3,313,935

2.8%

3,024,064

244,859

8.1%

11. PROALLIANCE GRP

3,285,679

2.8%

3,748,912

278,525

7.4%

12. HARTFORD FIRE & CASUALTY

3,161,567

2.7%

3,330,935

(682,343)

-20.5%

13. INTERNATIONAL FIDELITY INS CO

2,750,167

2.3%

2,549,935

379,871

14.9%

14. AMERICAN INDEPENDENT INS GRP

2,332,917

2.0%

2,235,626

1,334,221

59.7%

15. NAS SURETY GROUP

2,182,070

1.9%

2,295,879

(656,898)

-28.6%

16. STATE AUTO MUT GRP

1,965,380

1.7%

1,896,658

439,606

23.2%

17. HCC SURETY GROUP

1,855,954

1.6%

1,423,046

260,987

18.3%

18. RLI INSURANCE GROUP

1,796,094

1.5%

1,806,209

345,309

19.1%

19. ACE LTD

1,444,000

1.2%

1,106,678

382,811

34.6%

20. MERCHANTS BONDING CO GRP

1,103,923

0.9%

1,036,266

48,146

4.6%

21. ERIE INS GRP

1,032,099

0.9%

913,735

37,547

4.1%

22. CENTURY SURETY GROUP

1,030,878

0.9%

525,254

302,861

57.7%

23. ATLANTIC AMERICAN

961,481

0.8%

638,519

1,295,230

202.8%

24. FIRST SEALORD SURETY INC

906,532

0.8%

838,710

32,270

3.8%

25. OLD REPUBLIC GRP

888,738

0.8%

891,194

379,525

42.6%

26. UTICA NATIONAL INS GRP

791,718

0.7%

837,900

174,613

20.8%

27. OHIO INDEMNITY CO

710,454

0.6%

683,330

200,436

29.3%

28. SELECTIVE INSURANCE

706,268

0.6%

715,479

(104,322)

-14.6%

29. AUTO OWNERS GRP

692,853

0.6%

629,178

(160,485)

-25.5%

30. BOND SAFEGUARD INSURANCE CO

654,347

0.6%

630,003

57,481

9.1%

31. ALLEGHANY GRP

637,926

0.5%

1,073,817

226,268

21.1%

32. NATIONWIDE CORP

567,346

0.5%

557,139

38,781

7.0%

33. ARCH CAPITAL GROUP

540,881

0.5%

549,796

49,050

8.9%

34. X L AMERICA

539,292

0.5%

902,021

(239,613)

-26.6%

35. FAIRFAX FINANCIAL

500,357

0.4%

524,353

5,428

1.0%

36. STATE FARM IL

498,904

0.4%

493,838

47,976

9.7%

37. AMERICAN INTERNATIONAL GROUP

451,160

0.4%

500,895

(1,589,580)

-317.3%

38. KINGSWAY GRP

438,750

0.4%

478,089

54,545

11.4%

39. PROTECTIVE LIFE INSURANCE

414,105

0.4%

420,902

1,615,580

383.8%

40. DAIMLER CHRYSLER GRP

400,812

0.3%

337,901

447,595

132.5%

41. INSCO DICO GRP

366,043

0.3%

279,858

64,122

22.9%

42. BANKERS INS GRP

360,849

0.3%

358,456

25,127

7.0%

43. PROTECTIVE INS GRP

342,370

0.3%

331,609

23,200

7.0%

44. WR BERKLEY CORP

332,315

0.3%

330,560

268,155

81.1%

45. GUARANTEE CO OF NORTH AMERICA

330,337

0.3%

264,613

122,961

46.5%

46. LEXON INS CO

327,148

0.3%

360,223

52,374

14.5%

47. ALLEGHENY CASUALTY COMPANY

312,659

0.3%

315,477

2,265

0.7%

48. FIDELITY NATIONAL FINANCIAL INC

305,739

0.3%

228,959

132,653

57.9%

49. LEXINGTON NATIONAL INSURANCE

288,087

0.2%

241,122

0

0.0%

50. UNIVERSAL FIRE & CASUALTY INS CO

279,549

0.2%

279,549

0

0.0%

Total Top 50 Writers

114,666,360

97.6%

112,511,117

26,903,939

23.9%

Total of All Other Writers

2,872,082

2.4%

3,017,744

(4,641,264)

-153.8%

Grand Total of All Writers

117,538,442

100.0%

115,528,861

22,262,675

19.3%

W.E. Davis Insurance is here for you when you need us.

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