April News Minute

April 30, 2021

New Strategic Growth Initiative Announced

Merchants Bonding Company™ President Larry Taylor announced a new strategic growth initiative at an all company zoom. Merchants is forming a new underwriting division led by Vice President and Executive Committee member Steve Dorenkamp the current head of claims. The new division will look at bonding with collateral, funds control, and work on subdivision bonds – while researching other specialized areas to expand the contract bonding options from Merchants. Taking over for Dorenkamp as head of claims will be Jay Farley - Farley will be Vice President of Claims and a member of the Executive Committee effective May 1.

Digital Transformation - Decoding the Future Virtual Event

Nearly 250 Merchants Surety Elite agents participated in a virtual event - Digital Transformation – Decoding the Future of Surety.  The panel and audience identified several key digital initiatives for immediate action including:  e-bonding, Blockchain for bond verification and fraud mitigation, and Artificial Intelligence for agency busy work. 

Merchants 2020 Annual Report Released

Also in April Merchants posted its 2020 annual report – a digital look back at the pandemic year – you can find it at merchantsbonding.com