We’re here to help you succeed.

We are the premier surety bond solution expert providing bonds to contractors and businesses of all sizes.

Our Company History

The Bond Agency was founded in 1991 as Delmarva Underwriters, Ltd. an affiliated ageny of First Delaware Insurance Company, of Smyrna, DE, a commercial property and casualty company owned by the Foltz family. Delmarva Underwriters allowed First Delaware to expand their surety bond writings through a reinsurance fronting arrangement with Frontier Insurance Co, Frontier gave First Delaware access to A rated paper, multi-state licensing and increased US Treasury list capacity. In 1993, Clay Foltz acquired Delmarva Underwriters and relocated the firm to Dover, DE.

In 2005 a reinsurance fronting arrangement was created with Aegis Security Insurance Company of Harrisburg, PA giving The Bond Agency binding authority to underwrite surety bonds throughout the Mid-Atlantic region. Also at that time, Delmarva Underwriters name was changed to The Bond Agency to reflect its marketing focus on Surety Bonds for the construction industry. In 2009 the owners of The Bond Agency founded Delaware Surety Insurance Company to assume reinsurance on the bonds placed with Aegis. Since the formation of the Aegis reinsurance fronting program, The Bond Agency has bonded contracts totaling nearly $700 Million and produced written premium of $12 Million at below industry average loss ratios.

In addition to Aegis Security Insurance Co., The Bond Agency represents many of the leading writers of Surety Bonds for the Construction industry such as Travelers, Liberty Mutual, International Fidelity, CNA/Western Surety and Cap Speciality. In 2017 The Bond Agency bonded construction contracts totaling $100 Million, making it a leading economic development engine for contractors and small businesses throughout the region.

Since its founding, The Bond Agency’s focus was writing bonds for small contractors, including many non-standard contractors that were underserved by the surety bond industry. However, The Bond Agency now provides bonding to many of the largest, most successful contractors in the region, many of whom obtained their first bond through The Bond Agency.

1991 - The Bond Agency was founded as Delmarva Underwriters, Ltd., an agency affiliated with First Delaware Insurance Company, of Smyrna, DE, a commercial property, casualty insurance company owned by the Foltz family.
1992 - A reinsurance fronting arrangement with Frontier Insurance Co was established through Delmarva Underwriters to give First Delaware access to A rated paper, multi-state licensing and US Treasury list capacity. The fronting arrangement included binding authority for Delmarva Underwriters to underwrite and issue bonds throughout the Mid-Atlantic.
1993 -Clay Foltz acquired Delmarva Underwriters and relocated the firm to Dover, DE.
1999 - Delmarva Underwriters changed its name to The Bond Agency to reflect its marketing focus on Surety Bonds for the construction industry
1999 – The Bond Agency creates a web page with the address www.bondagency.com
2006 - a reinsurance fronting arrangement was created with Aegis Security Insurance Company of Harrisburg, PA giving The Bond Agency binding authority to underwrite surety bonds throughout the Mid-Atlantic region.
2008 – Delaware Surety Insurance Company (a Delaware Captive Insurance Co,) was formed by The Bond Agency to assume reinsure on the bonds placed with Aegis Security Insurance Co.
2009 – 2021 -Through the Aegis fronting arrangement, and all bond markets, The Bond Agency issued bonds on contracts in excess of $1.0 Billion and produced written premium of $25 Million with loss ratios well below industry averages.
Present Time - The Bond Agency represents many of the leading writers of Surety Bonds for the Construction industry such as Travelers, Liberty Mutual, , IAT – Harco National, Old Republic Surety Co., HCC-Tokio Marine Surety Group, Merchants Bonding, Westfield Insurance, CNA/Western Surety, Cap Specialty and First Indemnity of America Insurance Co..
Since its founding, The Bond Agency’s focus was writing bonds for small contractors, including many non-standard contractors that were underserved by the surety bond industry. However, The Bond Agency now provides bonding to many of the largest, most successful contractors in the region, many of whom obtained their first bond through The Bond Agency.