Propeller Bonds partners with SIAA

MGA focused on the surety bond market Propeller Bonds has signed an agreement with SIAA , a national alliance of independent insurance agents, to serve as a surety partner to their member agencies through the SIAA MarketFinder portal. The alliance writes over $10.8B in total written premium annually.

“We are extremely grateful for the opportunity SIAA is providing us. We plan to empower their member agencies with a robust surety offering including access to markets, technology, and surety personnel. This partnership is very validating for us, as SIAA works very hard to source the best offerings for their member agencies. The fact that they chose us says a lot and is very humbling.” – Aaron Steffey, the Founder and Chief Growth Officer.

The partnership focuses on delivering Propeller’s proprietary, white-labeled (URL) technology to agents and brokers, allowing the surety bond process to become fully automated from application to billing and issuance. Propeller onboards agents in “minutes or free, with no premium requirements.”

“We are excited to partner with Propeller Bonds whose leading-edge platform will help our member agencies access the surety market faster and more easily. Putting this access at our members fingertips will help them grow, round, and retain accounts.” – Jeff Holmes, Chief Operating Officer at SIAA.

The SIAA and Propeller Bonds rollout commenced July 13th.