New Chief Underwriting Officer at Merchants Bonding
August 11, 2021
The managing director of largest surety broker in North America will become the new chief underwriting officer at Merchants Bonding Company. Merchants’ board of directors approved the addition of David Hewett as CUO, and member of the executive committee at its meeting Tuesday and Hewett will officially join Merchants in mid-September.
“David will assume leadership of our underwriting departments and bring new perspectives and energy to enhance our culture, serving associates and our agent partners,” said Chairman of the Board and President Larry Taylor. “I am excited to add David’s entrepreneurial skills, and diverse breadth of experience to help elevate Merchants to new heights.”
Hewett comes to Merchants from Marsh, where he was responsible for all surety operations at the largest surety broker in North America. As Managing Director of US Surety at Marsh since 2016, David led 30 offices to significant growth with continuous development of client engagement, talent development and strategic planning for surety operations.
Prior to Marsh, Hewett was the president of global surety operations at XL Insurance and before that, was the executive vice president of Zurich North America Insurance.
“I am honored to get the opportunity to work with the many skilled and professional individuals at Merchants Bonding Company and am excited about building on the strength of this great company,” said Hewett.
“This is a significant time in Merchants history. We have grown to where we are with quality people, customer driven service, and common sense underwriting. Adding David Hewett to our leadership team will further promote these strengths as Merchants continues its profitable growth in the surety industry. I look forward to working with David as we learn from each other to enhance our ability to serve our agent partners and create growth opportunities for our associates,” said Taylor.
Merchants Bonding is among the top 15 surety bonding companies in the United States with an A.M. Best Rating of “A” excellent or better for 63 consecutive years. Merchants’ is unique in the property and casualty insurance industry, focusing solely on surety bonding since it was founded in 1933. Merchants is privately held and led by fourth generation descendants of its founder, with offices in 15 states.
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