AM Best upgrades outlook for US surety segment to ‘stable’ from ‘negative’
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AM Best upgrades outlook for US surety segment to ‘stable’ from ‘negative’

Eileen AJ Connelly
December 02, 2021
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AM Best revised its outlook for the US surety insurance segment to “stable” from “negative,” citing strong performance in the segment amid the pandemic, the strengthening economy and construction industry, and the $1.2tn federal infrastructure program that President Joe Biden signed into law last month.

Construction spending, which has rebounded and surpassed pre-pandemic levels, remains the largest driver of demand for surety bonds, particularly for performance and payment bonds, AM Best analyst Robert Valenta wrote in a note detailing the revision.

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Topics

News Pol risk, credit & surety
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Eileen AJ Connelly
Contributing Editor
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