File 17 · Carrier · Bala Cynwyd, PA
Philadelphia Insurance Companies
Tokio Marine specialty carrier — commercial surety via appointed agents
Philadelphia Insurance Companies (PHLY), a Tokio Marine company, writes specialty commercial lines including surety through appointed agents. SuretyBonds.com’s public history notes the HCC → Tokio Marine ownership chain that also sits behind that online agency — a related but separate distribution story.
PHLY is a carrier. Retail buyers still need an agent of record.
We omit an AM Best number here because we did not open PHLY’s current ratings page in this research pass.
What we will not stretch
- AM Best omitted until we can cite PHLY’s own current rating disclosure.
Bond series on this file
What they claim to write
Series A
License & Permit
Most regulated businesses post a license or permit bond before a state will issue or renew the license. The bond guarantees compliance with the statute — it is not insurance for the principal.
Series B
Contract / Performance
Construction and public-works contracts ask the contractor to guarantee the bid, the work, and the subcontractors. These are underwritten on financials and experience, not just a credit score.
Series C
Commercial
Commercial surety covers the bonds that sit beside a license or a jobsite: employee dishonesty, public official, lost-instrument, and a long tail of miscellaneous forms.
Typical desks: Specialty commercial · Nonprofits · Appointed agents