The Surety & Fidelity Association of America (SFAA) has officially named Ryan C. Work as its new President and Chief Executive Officer, marking a significant leadership transition for the organization. Work's appointment comes after an extensive search, as noted by Robert Murray, SFAA Board Chairman, who highlighted Work's extensive experience in trade association management and his proven track record in strategic outreach and policy development.
Work's previous role as Senior Vice President of Government Relations at the Self-Insurance Institute of America (SIIA) and his tenure at S&P Global, where he represented major brands, underscore his deep understanding of the insurance sector and legislative affairs. His background also includes significant roles on Capitol Hill, further cementing his qualifications to lead SFAA during a period of evolving industry challenges and opportunities.
Expressing his enthusiasm for the new role, Work emphasized his commitment to enhancing SFAA's value to its members, expanding advocacy efforts, and fostering collaboration across the industry. His vision aligns with SFAA's mission to promote the importance of surety and fidelity bonding through advocacy, outreach, and education, as detailed on the SFAA website.
With over 425 member companies representing 98% of the surety and fidelity bonds written in the United States, SFAA plays a pivotal role in the insurance industry. Work's leadership is expected to steer the organization towards greater influence in legislative and regulatory discussions, impacting not only the member companies but also the broader business and technology sectors that rely on surety and fidelity bonds for risk management and financial security.
This leadership change at SFAA is poised to have far-reaching implications for the insurance industry, particularly in how surety and fidelity bonding is advocated for and perceived in both state and federal policy arenas. Work's extensive experience and strategic vision are likely to enhance SFAA's role as a key player in shaping the future of insurance legislation and industry standards.
