Lakewood Ranch insurance giant expands niche service in six states

A Lakewood Ranch-based commercial insurance carrier is expanding its services in six states after announcing a recent senior hire. 

FCCI Insurance Group has added writing contract and commercial surety bonds to Connecticut, New Hampshire, Maine, Massachusetts, Rhode Island and Vermont, according to a statement. (A surety bond is when the insurance company provides the bond, and is a specialized product for construction in insurance, among a few other sectors.) 

Phil Shepard was hired to lead the surety business expansion at FCCI. He comes to the role with 30 years of experience, 15 of which was in contract and commercial surety. He’s based in New Hampshire, the release states.