The ICISA INSIDER | April 2018 | COMMITTEE NEWS
Update Committee Chairs
Surety Committee – Brendan Keating
Brendan Keating I believe the broad topic of promotion of surety on a global scale should continue to be a prominent discus-
Chair of the Surety Committee Company: Argo Surety
sion for the surety committee. We need to continue to keep this an active source of discussion as all participants have a unique opportunity through the discussions to help influence the approach, plan and
These are just a couple sub-topics of the broader
execution in promoting the surety product.
promotional topic that we discussed, but I hope this leads to other ways of opening conversations where
The sub topic of the promotion of surety in March’s
individuals and companies from different parts of the
meeting was on the European Commission accepting
globe can use this forum to brainstorm ideas for their
surety bonds as a form of collateral for commercial,
local markets and the market globally.
litigious matters. At the moment, there are a number of stakeholders working to lobby the EC on recognizing
ICISA is here to help promote the use of credit
surety bonds as an effective security instrument. We
insurance and surety bonds, and we need to continue
were also be presented with an update on the Cana-
to leverage the network that ICISA has built throughout
dian surety market where we saw firsthand how surety
the globe with various regulatory bodies.
companies teaming together with regulatory bodies have been impactful for surety bonds becoming more acceptable for mine reclamation/rehabilitation requirements.
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