It is hard to believe that the first month of 2020 is almost in the books. While most of us talk about New Year’s resolutions the first week in January, this post looks at New Year’s resolutions one month into the New Year. I gave up New Year’s resolutions many, many years ago because I usually did not even make it through January before my commitment to the resolution was gone. Come to find out, I am not alone! An article on the Forbes website from 2018 says studies have shown that less … [Read more...]
Minnesota – Land of 10,000 Lakes
There is a Minnesota tourism commercial that says, “Land of 10,000 Lakes is really Minnesota-nice for 11,842 lakes.” And this number only includes lakes over 10 acres. If we were to include lakes and basins under 10 acres, the number would be even greater. There are so many lakes in Minnesota that many of them are not even named. And many have the same name. For example, there are 115 Long Lakes in Minnesota. Now, while this information is interesting and may even be useful if you are … [Read more...]
Goldleaf Surety Has Markets for Decommissioning Bonds
In our November 30th blog, we looked at Software and Technology bonds and Goldleaf Surety's success with placing bonds for this class of business. Another class of bond which falls under the large commercial bond umbrella is a decommissioning bond. These bonds can be extremely difficult to obtain and many sureties simply do not entertain this type of risk. However, Goldleaf Surety does have markets for a company with the financial strength to qualify. A recent success story: … [Read more...]
Meet the Newest Member of Goldleaf Surety’s Management Team
Goldleaf Surety would like to introduce you to the newest member of our management team, Rita Jorgenson. Effective January 1, 2017, Rita has been promoted to our management team and shareholder. Rita has been with Goldleaf Surety since 2001. Over the past 16 years, Rita has had an opportunity to work with bond needs in a variety of industries including construction, service, technology, and private equity, acquiring a vast knowledge of the surety industry. In addition to her new … [Read more...]
Goldleaf Assists Fiber Optic Companies with Bonding
Over the last several months, Goldleaf Surety has assisted several fiber optic company's obtain the bonding support they needed. Working with our surety partners, we were able to obtain bonds in situations where others had said no. Each situation below had factors which Goldleaf Surety was able to understand and present to a surety so that they were comfortable with the risk. Assisted a private equity owned company which designs, installs and maintains private fiber networks for schools, … [Read more...]
Interview With a Contract Bond Underwriter – Meet Amy Nordaune
This week I would like you to meet Goldleaf Account Specialist, Amy Nordaune. Amy grew up on a farm near New Ulm, Minnesota. She is married with two children, a son and a daughter. She enjoys spending time with her family and friends, golfing, watching sporting events, running, reading, and traveling. Amy is the daredevil here at Goldleaf – zip lining over a 700 foot gorge in Mexico on one of her trips! Amy is the chairperson for the Education Committee at her church as well as a Sunday … [Read more...]
Goldleaf Surety Names New Vice President
Goldleaf Surety would like to introduce our new Vice President. Effective January 1, 2014, Brenda Risa has been promoted to Vice President. Brenda has been with Goldleaf Surety since 2002. Over the past 12 years, Brenda has had an opportunity to work with bond needs in a variety of industries including construction, service, technology, and private equity, acquiring a vast knowledge of the surety industry. In addition to her new management roll, Brenda will continue to perform underwriting … [Read more...]
Surety Bonds and Private Equity Acquisitions
By: Jack Anderson, President of Goldleaf Surety Services Private equity acquisitions of companies that need bonding have become more frequent in the past few years. This is partly due to the increase in the number of private equity firms that are looking for good investments. I think that it is also partly due to business owners being to busy today to do the necessary advance planning to ensure that an exit strategy is in place when they decide they would like to retire from the … [Read more...]