Richard Hallett joined Marsh & McLennan Agency (MMA) in 2008 and is a principal in the firm’s Business Insurance Division. In his role as Director of Surety, he is responsible for the management of MMA’s contract & commercial surety practice. With extensive experience in surety program management and placement, Richard has been successful obtaining surety credit for national contractors and developers.
Prior to joining MMA, Richard held leadership roles at Westfield Insurance, Acordia, and Arch Insurance Company. His industry experience includes general construction, subcontract trades, environmental, and energy development. Richard has underwritten surety bond programs in excess of $400 million and has expertise in domestic and international surety placement, including reverse flow transactions.
Richard earned his Bachelor of Science in finance and marketing from Miami University. He has obtained the Certified Insurance Counselor (CIC) and Certified Risk Manager (CRM) designations. Richard served is past president of the San Diego Surety Association and is an active member of various organizations including Associated General Contractors (AGC), Associated Builders and Contractors (ABC), Construction Financial Management Association (CFMA), Solar Energy Industries Association (SEIA) and the National Association of Surety Bond Producers (NASBP).