MODERATE IMPROVEMENTS IN SURETY CAPACITY

摘要

The surety industry, and the contrac-tors it serves, has suffered for a number of years from a shortage of capacity. In 2004, the industry saw the entrance of some new capital into the marketplace and greater availability. Even so, the changes have been moderate. Arkley suggests that the surety market has opened up a bit after a couple of difficult supply years. "I sense that there is a greater comfort level out there concerning rates," he says. Arkley notes, however, that "the major theme among sureties right now is to limit risk."