The Main Street America Group has created a new commercial surety national accounts unit to focus exclusively on meeting the commercial surety needs of large accounts.

The Jacksonville-based super regional property & casualty insurance company's new unit will be staffed by Merritt Willits, Paul Bergenholtz and Adam Rehn. Willits, who has been appointed director, commercial surety national accounts, is heading the national accounts team. He is also responsible for new business development in the Mid-Atlantic region of the United States and is based in Philadelphia, Pa.

Bergenholtz and Rehn are surety account management executives. Bergenholtz is responsible for business development throughout Northeastern states and is based in Hartford, Conn., and Rehn is overseeing business development in Southeastern states and is based in Atlanta, Ga.

The new national accounts team will work with Main Street America's network of independent insurance agents to identify commercial surety bond opportunities with a wide range of businesses that generate annual revenues up to $1 billion. These include multiple location mortgage lenders and brokers, companies with large service and/or supply contracts in the public sector, and large court and probate accounts.

The company has been writing commercial surety bonds for large businesses for a number of years. The U.S. Department of the Treasury recently raised Main Street America's single surety bond capacity to $73.3 million as a result of the company's 2010 surplus growth to $770 million. In addition to commercial surety, Main Street America's bond offerings include contract/construction surety bonds and fidelity bonds, including a commercial crime policy that covers robbery, burglary and depositor's forgery. Bonds are written through Main Street America Group operating companies NGM Insurance Co. and Old Dominion Insurance Co.

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The Main Street America Group Creates Commercial Surety National Accounts Unit

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