About Us

Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

A Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Social Media

Bluesky • Facebook • Instagram • LinkedIn • YouTube

Meet the Laser Focus World Team

Editorial

Sales

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology
My Watchlist
Indicators
Industrial Laser Index
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

Core Specialty to Expand Surety Offering by Entering the Contract Surety Market Segment

By: via GlobeNewswire
  • Core Specialty’s subsidiary, American Surety Company, recently upgraded Financial Strength Rating from AM Best to A (Excellent) and Financial Size Category of XIII
  • American Surety Company obtained Treasury Listing of $46 million
  • Executed a program management agreement with Distinguished Programs

CINCINNATI, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Core Specialty Insurance Holdings, Inc. and its subsidiaries (“Core Specialty” or the “Company”) announced today that it has expanded its surety offering by entering the contract surety market. The formation of the Surety division as a component of the Company’s Bond, Credit & Guarantee subsegment was announced on November 1, 2023 and American Surety Company became a subsidiary of Core Specialty on May 31, 2024. Following its acquisition, American Surety Company received an upgraded Financial Strength Rating to A (Excellent), Financial Size Category of XIII from AM Best, and obtained an expanded underwriting limitation of $46 million with the Department of Treasury. As of June 30, 2024, American Surety Company’s surplus has increased to $461 million. With these improved financial metrics, Core Specialty is excited for its future opportunities in the surety marketplace.

Also being announced today, Core Specialty has entered into a program management agreement with Distinguished Programs Insurance Brokerage LLC (“Distinguished”) to offer customized contract bonding solutions for businesses in diverse industries. The program team, led by Trevor Hash, has launched operations and will begin underwriting in the fourth quarter of this year.

Trevor leads the new program with almost 30 years of experience in the surety industry. Supported by a skilled team of underwriters, his leadership enhances Distinguished’s ability to make a meaningful entrance into the surety market with Core Specialty. American Surety Company will be the bond issuing carrier and will service claims.

Jeff Consolino, Core Specialty’s Founder, President, and Chief Executive Officer, said, “Following our announcement of the acquisition of American Surety Company, these accomplishments support our intention to become a significant factor in the surety marketplace under the leadership of Tim Martin. According to AM Best market data, the surety market included approximately $10 billion in direct premiums written in 2023 and produced a 10-year average combined ratio of 71%. We continue to believe that the surety market represents a highly attractive segment for us to enter given its strong underwriting profitability over time and barriers to entry, and our entry into the contract surety market is in support of that belief. With the expertise and industry relationships present with Tim and with Trevor and his team, we are pleased to add contract surety to our Surety Division’s current product offerings.”

About Core Specialty

Core Specialty offers a diversified range of specialty insurance products for small to mid-sized businesses. From its underwriting offices spanning the U.S., the company focuses on niche markets, local distribution, and superior underwriting knowledge; offering traditional as well as innovative insurance solutions to meet the needs of its customers and brokers. Core Specialty is an insurance holding company operating through StarStone Specialty Insurance Company, a U.S. excess & surplus lines insurer, StarStone National Insurance Company, Lancer Insurance Company, Lancer Insurance Company of New Jersey and American Surety Company, each of which is a U.S. admitted markets insurer, and Standard Life and Accident Insurance Company, a life, accident, and health insurer. For further information about Core Specialty, please visit www.corespecialty.com.


Contact:
Lynn Tetley
(513) 295-1698
lynn.tetley@corespecialty.com

Primary Logo

More News

View More
Why Congress Is Buying Intuitive Surgical Ahead of Earnings
Via MarketBeat
Tickers ISRG XLV
FICO’s Big Dip Could Be the Best Buying Chance of the Year
Via MarketBeat
Tickers EFX FICO
D-Wave: Reevaluating the Short Seller’s Case After the Downgrade
Via MarketBeat
Tickers QBTS RGTI
Datavault: A Speculative AI Play, But Beware of Volatility
Via MarketBeat
Topics Artificial Intelligence
Tickers DVLT IBM SCLX
Traders Are Piling Into Suncor Call Options—Should You?
Via MarketBeat
Topics World Trade
Tickers SU
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.