QBE North America has appointed Charles Cygal as head of surety.
In a statement, QBE said that, in this role, Mr. Cygal will be responsible for growing the surety business and fostering strong relationships with QBE's producers. At the same time, the company added, he will be dedicated to driving profitable growth and leveraging the team's expertise to provide surety bonding solutions for customers.
"Emerging risks and evolving markets are causing more middle market companies to seek risk management solutions through both contract and commercial surety bonds," said Brett Halsey, senior vice president and head of credit and surety. "As an integrated specialist insurer with a long history of delivering surety solutions, we are dedicated to continually strengthening our capabilities to meet the evolving needs of customers and Charles' experience and strong relationships made him the ideal candidate to lead this business."
Mr. Cygal has almost 20 years of experience in surety and joined QBE from Ironshore Insurance Services, where he was the vice president and director of surety, political risk, and trade credit for close to a decade. He also held management roles at the AIG surety business and began his insurance career at the Chubb surety operations. He has worked with both middle market and Fortune 500 companies, and has experience developing surety lines of business.
Mr. Cygal also has experience running surety teams within global insurance companies while mentoring underwriters and underwriting technicians.
Mr. Cygal is the current president of the Surety Association of New Jersey and also has served as vice president, treasurer, and secretary. He holds a bachelor's degree in political science and a business law certificate from Seton Hall University.
Learn more: www.qbe.com/us.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].