ULLICO Casualty's Contract Surety Bonds Program Is Now SBA Approved

Jan 14, 2010, 14:36 ET from ULLICO Inc.

WASHINGTON, Jan. 14 /PRNewswire/ -- ULLICO Casualty Company ("ULLICO Casualty") is proud to announce that its Contract Surety Bonds Program is now approved in the U.S. Small Business Administration's ("SBA") Prior Approval Program, demonstrating our interest in serving America's small contractors.  

Parallel with the SBA's mission to help Americans start, build and grow businesses, ULLICO Casualty helps small union contractors compete by providing access to a surety bond market that is interested in seeing them thrive and create jobs.  With SBA's support, we are able to help a greater number of these contractors by producing more of the bonds that they need in order to qualify for work projects.  

"By participating in SBA's program, we are helping to fulfill a mission of ULLICO Casualty, which is to help good, union contractors who would otherwise not have an opportunity to get bonded," says Daniel Aronowitz, president of ULLICO Casualty.  "These union contractors provide steady employment; good wages; and necessary benefits that help fuel our economy and grow the Labor movement."

Ed Titus, Vice President of Surety for ULLICO Casualty says, "We look forward to further serving America's small business community through this ideal alliance with SBA.  We foresee that our partnership will be both valuable and profitable."        

ULLICO Casualty is a member of the Surety and Fidelity Association of America and is licensed for surety in forty-seven states and the District of Columbia.  For further information about our Contract Surety Bonds program, please visit www.ullico.com/casualty or call John O'Brien, Vice President of Marketing at 202.962.2980.

More information on SBA's program is located on their website at www.sba.gov/aboutsba/sbaprograms/osg/ourprogram/index.html.  

About ULLICO Inc.

ULLICO Inc., with $5.3 billion in total assets under management, is an insurance and financial services holding company. ULLICO's subsidiary companies include The Union Labor Life Insurance Company; ULLICO Investment Advisors, Inc.; ULLICO Investment Company; ULLICO Casualty Company; and ULLICO Casualty Group, Inc.  Since 1927, the ULLICO Family of Companies has offered quality insurance and investment products and services to its single most important client, the American labor movement.

Bina Handa

Manager

Communications & PR 202.682.6611

bhanda@ullico.com


John O'Brien

Vice President

Marketing

202.962.2980

jobrien@ullico.com


SOURCE ULLICO Inc.



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