CAIC Holding Co.Inc., announced it has sold its surety division to super regional property-casualty insurance carrier The Main Street America Group.

Terms of the transaction were not disclosed.

Two members of CAIC's surety team have joined Main Street America to lead its surety operations in Texas. Sterling Emens will be director of bond specialty underwriting and Veronica Rivera will be an agency development specialist. Both will be based in Houston.

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