Surety Market Set For Rapid Industry Growth, To Reach Around US$ 28.77 Billion By 2027 with a CAGR of 7.5%

According to the new research report published by The Insight Partners, titled “Surety - Global Analysis and Forecast to 2027”, the global surety market is expected to reach US$ 28.77 billion in 2027, registering a CAGR of 7.5% during the forecast period 2019-2027.

The surety market is expected to flourish during the forecast period. This growth is highly attributed to the increasing commercial and residential construction in the emerging economies of the region. In the recent few years, surety market has noticed noteworthy M&A and partnership activity. Some of the significant deals include AmTrust Financial Services, Inc. entered into an amendment to the merger agreement with Evergreen Parent, L.P., under this agreement Evergreen parent will acquire approximately 45% of the Company's shares of common stock. Also, American Financial Group announced entering into an agreement to acquire ABA Insurance Services Inc. for approximately US$ 28 Mn. This acquisition is aimed to strengthen the position of the company in the market.

Ask for a Sample of this Report Now at: https://www.theinsightpartners.com/sample/TIPRE00002849/?OPR-SNJ

Some of the key players operating in the surety market are AmTrust Financial Services, Inc.; Crum & Forster; CNA Financial Corporation; American Financial Group, Inc.; The Travelers Indemnity Company; Liberty Mutual Insurance Company; Hartford Financial Services Group, Inc.; HCC Insurance Holdings; IFIC Surety Group; and Chubb Limited among others.

Strategic Insights
The market cycles for surety and construction have been stable, resulting in increased competition. With the falling oil & gas prices, the current market scenario requires diligence as well as constant high underwriting standards. Terms and conditions related to underwriting are loosening as surety players are fiercely endeavoring to grow market share. Some of the key developments noticed in the surety market are listed below:

2018: AmTrust Financial Services, Inc. entered into an amendment to the merger agreement with Evergreen Parent, L.P., under this agreement Evergreen parent will acquire approximately 45% of the Company's shares of common stock.

2018: American Financial Group announced entering into an agreement to acquire ABA Insurance Services Inc. for approximately US$ 28 Mn. This acquisition is aimed to strengthen the position of the company in the market.

2018: Chubb Limited entered into an agreement with Citibanamex which is a subsidiary of Citi Bank to market Chubb’s products through its branches and other marketing channels. Citibanamex also agreed to market surety products to Citibanamex commercial customers.

GLOBAL SURETY MARKET SEGMENTATION

By Bond Type
• Contract Surety Bond
• Commercial Surety Bond
• Fidelity Surety Bond
• Court Surety Bond

By Geography
• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa
• South America (SAM)

Detailed segmentation of the market, on the basis of Type and Application and a descriptive structure of trends and restrictions of the segments and sub-segments are mentioned in the report. It also provides the market size and estimates a forecast from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Surety Market.

Inquiry for Discount: https://www.theinsightpartners.com/discount/TIPRE00002849/?OPR-SNJ

Contact us
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Home: https://www.theinsightpartners.com

About Us
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

We are committed to providing highest quality research and consulting services to our customers. We help our clients understand key market trends, identify opportunities, and make informed decisions by providing market research solutions at an affordable cost.

This release was published on openPR.