A Message from the President:
A New Year has begun! I hope you are all as excited as I am about 2016!
The reason I am so excited is because I have great news for all of you. Many of you have discussed with me what my succession plan might look like. And, I understand why… you all want to be assured that you have a stable and responsible company to work with.
After a great deal of thought Harvey and I decided it was time to make changes, and in this new year some very exciting changes are taking place at Bail USA. We have been sold to HCC Surety Group (HCC Surety), which is based in Los Angeles, California. But, rest assured… NOTHING IS CHANGING! You will still be using Seneca Insurance Company as your surety.
The reason we chose this company over so many others was because both Harvey and I wanted to make sure that the philosophy of our company remained the same. Bail USA has always been and will continue to be, you and I working together to ensure the continuance of surety bail.
There are three things that we wanted to ensure continued at Bail USA:
- First, we did not want the company moved. So, HCC Surety has purchased the Bail USA building in Greenville, PA.
- Second, we wanted to provide our valued employees a partner that’s committed to bail and has best-in-class financial strength. HCC Surety understands how important it is to continue the legacy that Harvey and I have created.
- And third, we wanted to maintain the same good working relationship with you. Harvey remains involved with the company, and I remain President & CEO. You might find I am not at the office quite as often, as it is my goal to visit all of you. I will personally answer any questions you might have and I will bring with me the paperwork we need to complete. When the time is right to move to a surety owned by HCC, that change will be effortless.
I’m very excited that you will be able to meet Jon Schneider, HCC Surety Group, SVP – Bail and Court and Adam Pessin, HCC Surety Group CEO, at our 2016 Bail USA convention , in Indianapolis on October 9, 10 and 11. Please remember to save those dates.
In closing, as we move forward into 2016 I ask you to believe and trust in my judgment. Bail USA is guiding you down the road of success. We have always invested our resources in the industry and this will continue. I respect each one of you as my business associates and my friends. I promise you I won’t let you down now. Bail USA is going nowhere but up. Let’s remain together as we continue our journey.
President & CEO
TOKIO MARINE HCC ACQUIRES BAIL USA
HOUSTON (February 4, 2016)... Tokio Marine HCC today announced it has acquired Bail USA, Inc. (Bail USA), a leading wholesale bail agency. Bail USA contracts with approximately 500 active liable retail agents/agencies across 42 states and writes exclusively state and federal bail bonds. Cheryl L. Burns, Bail USA’s President and Chief Executive Officer, will continue to lead the company. She will report to Jon M. Schneider, HCC Surety Group’s Senior Vice President of Court and Bail Underwriting. Bail USA is headquartered in Greenville, Pennsylvania.
“HCC Surety Group is delighted to acquire this best-in-class bail wholesale agency, signifying our continuing commitment to the line of business and our existing agency force. Bail USA is the largest independent wholesaler of bail bonds in the United States, and we are pleased to welcome the Bail USA team to HCC Surety Group,” said Adam S. Pessin, HCC Surety Group’s Chief Executive Officer.
“Bail USA is very pleased to join a great organization like HCC Surety Group and looks forward to future growth and prosperity under Tokio Marine HCC’s ownership,” said Cheryl L. Burns, Bail USA’s President and Chief Executive Officer.
HCC Surety Group is the marketing name used to describe the surety-related insurance operations of Tokio Marine HCC. HCC Surety Group, with offices throughout the United States, is the sixth largest writer of surety business in the United States. Its members, American Contractors Indemnity Company, U.S. Specialty Insurance Company and United States Surety Company, have financial strength ratings of “AA- (Very Strong)” from Standard & Poor’s Financial Services LLC, “A+ (Superior)” from A.M. Best Company, Inc., and “AA- (Very Strong)” from Fitch Ratings.
Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company. Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland. Tokio Marine HCC’s major domestic and international insurance companies have financial strength ratings of “AA- (Very Strong)” from Standard & Poor’s Financial Services LLC, “A+ (Superior)” from A.M. Best Company, Inc., and “AA- (Very Strong)” from Fitch Ratings. Policies are underwritten by American Contractors Indemnity Company, Avemco Insurance Company, HCC International Insurance Company PLC, HCC Life Insurance Company, HCC Specialty Insurance Company, Houston Casualty Company, Lloyd’s of London Syndicate 4141, Producers Agriculture Insurance Company, Producers Lloyd’s Insurance Company, U.S. Specialty Insurance Company and United States Surety Company. For more information about Tokio Marine HCC, please visit http://www.hcc.com