A portion of the newsletter sent out by Steven Golia with the message about Scarborough bonds that was later retracted. Related Links: A Bold Individual Surety Claims Coal-Backed Bonds are Rock Solid Two days before Christmas, Arthur J. Gallagher & Co., the world's fourth-biggest insurance broker, announced one of the last of its 31 mergers and acquisitions of 2013: McIntyre Risk Management, a brokerage in Cherry Hill, N.J.Some time during December—whether it was before or after the acquisition isn't known—McIntyre apparently hired a key player in the world of individual surety, Steven Golia. He had been president of Charlottesville, Va.-based
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.