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"Sterling and Sterling was able to enhance our company's coverage while lowering its costs. Thomas Clementi, Vice President, personally evaluated our risk and was able to reduce our premium. By implementing their SureRISK® suite of services, including SureTech, SureControl, and SureWatch, they were able to save our company over a $100,000 a year."

Steven Chen, Executive Vice President,
Crystal Windows and Doors Systems, Inc

Sterling & Sterling's services helped us significantly reduce our insurance costs. Their analysis of our Workers Compensation classifications and recommendations were instrumental in our great savings."

John Di Giacomo, former EVP,
North Fork Bank

"So far, you saved us $12,183 in the prior year and $17,445 in the current year. What is even better, is that your reclassification of our employees will continue to save us money each year into the future."

Alan Gold, VP of Finance ,
Tri Component Products Corporation

"Using their Risk Profile System®, Sterling & Sterling reduced our costs by 40% while improving coverage. Because of errors found using SureCOVER® they were able to get money back from previous years. By instituting SureWATCH® we are better equipped to pass potential claims to our suppliers. We reduced risk and are spending less."

David Singh, COO ,
Sultan Health Care

"Before Sterling & Sterling gave me their SureWATCH® service, it was up to me to chase and review Certificates of Insurance from our sub contractors. Once we received the Certificates it was impossible for us to tell if they were valid. Not only is the SureWATCH® service saving time, Sterling was able to reduce our costs significantly and improve our coverage. We reduced our risk and now spend less."

Malcom Koubel,
Pinewood Development Corporation

Breaking News - Sterling & Sterling, Inc. to form Joint Venture with The Hyde Agency, Surety Bond Experts

 

Sterling & Sterling

135 Crossways Park Drive

Woodbury, N.Y. 11797

(516)-487-0300 

FOR IMMEDIATE RELEASE

Woodbury, NY: Sterling & Sterling, Inc., a top 40 privately owned insurance agency, and The Hyde Agency, the oldest established surety bond provider in New York City, announced today their intention to form a Joint Venture under the name SterlingHyde Group. This new entity will focus on the placement of multi-million dollar construction insurance and surety bond programs.

SterlingHyde will capitalize on its combined Property & Casualty insurance and surety underwriting expertise to create a firm that will provide comprehensive solutions to a wide array of domestic and international clients. They will work with both contractors and project owners to provide a broad range of traditional and alternative programs along with a team of safety and claims specialists dedicated to the construction industry.

With the new firm’s combined experience of over 170 years in the surety and insurance businesses, the Partners of SterlingHyde are decidedly optimistic about the future of this new endeavor. David Sterling, Sterling & Sterling’s Chairman and Chief Executive Officer, said, “We at Sterling & Sterling are thrilled to join forces with The Hyde Agency. Together we will be positioned to provide our construction clients with an insurance and surety solution to fulfill their every need.”

Commenting on the new initiative, Hyde partner David Smith said, “We’re excited about the capabilities of Sterling Hyde Group. We had assembled a team of nationally recognized surety specialists and now, as a result of our association with Sterling & Sterling, we are positioned to provide that same level of experience and expertise in meeting the insurance and risk management requirements of our clients.”

Sterling and Sterling, headquarted in Woodbury, New York, employs over 180 leading insurance professionals in nine offices and consistently ranks among the top 40 privately held brokerages in the United States.

The Hyde Agency, located in New York, New York, is a specialty surety bond broker. Since 1921 they have been the leading source of bonds for the legal community and are staffed by a proven team of contract surety professionals to serve the highly competitive construction industry.

 

For more information, please contact:

Laura Sclafani

(516) 417-5112

Reduce Risk, Spend Less