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The Surety Foundation is a charitable organization founded to increase diversity within the surety and fidelity industry. Recognizing the value of diverse ideas and backgrounds the member companies of The Surety & Fidelity Association of America created this 501(c)(3) organization to  fund and administer the Surety and Fidelity Industry Intern and Scholarship Program for Underrepresented Students, as well as develop and implement new educational and public service program initiatives.


The specific purposes of the Foundation are:

  • to assist in serving the educational and developmental needs of those individuals interested in pursuing surety and fidelity bonding as professional careers or who are seeking to enhance their capabilities while engaged in such careers;

  • to foster and promote the surety and fidelity industries as viable career choices and to recognize those in these industries who have made significant contributions to the furtherance of this objective;

  • to provide financial and other assistance to exceptional students who might consider surety and fidelity bonding as professional careers or who are engaged in such careers;

  • to serve as a catalyst for enhancing interest in the surety and fidelity industries, and demonstrating the effectiveness of partnerships between The Surety & Fidelity Association of America, its member companies, educational institutions and communities throughout the country in identifying and nurturing talented students for careers in surety and fidelity bonding;

  • and, to inform the general society, through a wide array of industry-related educational programs, about the importance of the surety industry and its role in managing risk and supporting our nation's construction needs, and the importance of the fidelity bond industry and its role in managing risk and supporting our nation's financial institution system.

Board of Trustees (2021-2022)

Tim Mikolajewski
President, The Surety Foundation
President, Global Surety
Liberty Mutual Group
Edwin Hubbard
Vice President, The Surety Foundation
Assistant Vice President, Contract Underwriting
Merchants Bonding
Lee Covington
Secretary-Treasurer, The Surety Foundation
President & CEO,
The Surety & Fidelity Association of America
Tony Albanese
Vice President - Head of Surety
Ken Chapman
Executive Vice President
IAT Surety
Rick Ciullo
Chief Operating Officer
The Hartford
Cynthia Fry
Contract Surety Underwriting Consultant
CNA Surety
Ohi's Headshot.jpg
Ohi Omoruan
Vice President, Surety Plus
Liberty Mutual Surety
Bob Raney Headshot_edited.jpg
Bob Raney
Senior Vice President, Bond, Construction Services
Travelers Bond & Specialty Insurance

The Surety & Fidelity Association of America Board of Directors appoints individuals to serve on the Board of Trustees each year.

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