EPIC Insurance Acquires The Bond Exchange to Enhance Surety Services
EPIC Insurance Brokers & Consultants has announced its latest strategic acquisition of The Bond Exchange, a firm specializing in surety bonds based in Mission Viejo, California. This integration aims to enhance EPIC's national surety capabilities, providing comprehensive support for large and complex accounts across various industries.
The Bond Exchange, led by Yung Mullick, James W. Moilanen, and Austin Neff, brings extensive surety underwriting and brokerage expertise. EPIC plans to leverage this experience to develop sophisticated surety programs and manage complex bonding needs more efficiently. Additionally, the acquisition includes The Bond Exchange's Bond 911 platform, which simplifies the issuance process for smaller bonds and complies with regulatory compliance requirements.
Strengthening Surety Practices
Zach Mendelson, surety practice leader at EPIC, highlighted the growing importance of surety as clients encounter increasingly complex economic conditions. He noted, "The acquisition of The Bond Exchange reflects EPIC’s focus on building a surety practice that is poised to meet clients’ evolving needs." This move positions EPIC to offer specialized insurance solutions tailored to diverse client requirements.
The Bond Exchange has been operational since 1999, providing specialized surety services in sectors such as construction, mining, real estate, renewable energy, technology, and private equity. Known for crafting solutions that align with clients' financial and operational goals, The Bond Exchange enhances EPIC’s strategic advisory capacity and risk management approaches.
Nationwide Surety Integration
This acquisition is part of EPIC’s strategy to build a nationwide fully integrated surety platform. Bobbi Jo DeNofa-Broad, EPIC’s president of the southwest territory, expressed excitement, saying, "We’re thrilled to welcome The Bond Exchange and its team of professionals, who share our commitment to delivering solutions customized to each client’s unique needs." This alignment supports both payer and provider requirements in the surety market.
EPIC’s national surety practice involves developing surety programs that align with client needs across various sectors. By facilitating the navigation of contract and commercial bonds, EPIC assesses financial strength and presents well-structured submissions to surety markets. For further details on EPIC’s surety solutions, visit their website.
EPIC Insurance Brokers & Consultants is a retail property and casualty and employee benefits firm offering a wide range of risk management and specialty insurance solutions. The organization operates nationally, utilizing strategic expertise to innovate comprehensive risk solutions. More information can be accessed at epicbrokers.com.