Colonial Surety appoints Richard Clarke as chief insurance officer to help grow its suite of SMB insurance products

WOODCLIFF LAKE, NJ – (BUSINESS WIRE) – Colonial Surety, a direct and digital insurer, today announced the appointment of Richard “Dick” Clarke as Chief Insurance Officer, effective immediately.

This news follows the company’s recent launch of the company’s digital SMB platform, specifically designed to make it easier and faster for businesses to find, buy, and manage all of the insurance and bond products they need to build strong, more stable and secure companies. In his new role, Clarke will lead the entire insurance strategy and operations for the expansion of the company’s SMB-focused product suite and develop the online platform into a one-stop shop for American SMEs.

An insurance industry veteran with more than three decades of experience, Clarke is a Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC) and Registered Professional Liability Underwriter (RPLU). He is also a sought-after university professor specializing in advanced training courses for insurance agents, and has authored contributions to prestigious insurance publications such as Insurance Journal and Rough Notes magazines, and two books: Maximizing Coverage, Minimizing Costs (1994) and Executive Liability Insurance (Sixth Edition, 2020).

“We are privileged to add a seasoned insurance expert of Clarke’s caliber to the Colonial Surety team,” said Wayne Nunziata, CEO of Colonial Surety. “Clarke’s extensive experience of working closely with insurance agents and his forward-looking vision of providing SMBs with the same standard of insurance coverage that large companies have access to will be a key asset as we expand our existing line of products and services for SMBs . Clarke will be instrumental in building our online SMB platform into an all-in-one hub that offers every type of coverage a small business owner might need to protect themselves in this ever-evolving digital world. ”

As announced last spring, Colonial Surety will bring an expanded range of products to its SMB platform, including general liability insurance, financial loss liability insurance, white collar crime insurance, business owner insurance and employee compensation. With his extensive background, Clarke will bring a wealth of relevant experience to the company as it focuses on this next phase of growth.

Commenting on his appointment, Clarke said, “I am very excited to join Colonial Surety in this exciting period of growth. I have been looking for a company where I can make a significant impact and maximize the return on my previous professional experience. I’m looking forward to the challenge of improving Colonial Surety’s SME-oriented offerings and creating a service that offers its current and future customers real added value. ”

About Colonial Surety

Colonial Surety was founded in 1930 and brings deep experience and market knowledge to every product and customer relationship. Colonial Surety gives its customers the certainty that they, their company and their customers are always covered with the right surety and insurance products.

Colonial Surety makes it easy for a wide variety of industries and professions to buy the bonds and insurance products they need. Colonial Surety is a direct and digital insurer that offers products via an online platform with exemplary customer service. The company offers its customers a simple, direct, and immediate service that makes buying insurance and bonds easier. Colonial Surety is licensed in every US state, rated an “A” Excellent by AM Best, and is listed as a licensed sponsor by the US Treasury Department.

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