Daryl’s area of expertise is Surety, with experience in the underwriting requirements of public-private partnership projects, international and reverse flow business, private equity structures, reinsurance programs and surety RFP structures.
He has thirty-three years of experience in the surety industry as a field and home office underwriter, underwriting officer and surety broker.
Prior to becoming a partner in The Hyde Agency, Daryl spent five years with Aon Risk Services, through its acquisition of Allied North America, as a Senior Vice President with responsibility for the underwriting, placing and administration of surety bond programs for middle market and large domestic and international construction contractor clients. He also served as a national resource for the underwriting of public private partnership projects. Before joining Allied North America, Daryl spent five years with XL Insurance as President of the Surety Division, with overall responsibility for the marketing, underwriting, reinsurance and claims management of the surety product line. Prior to joining XL Insurance, Daryl was Vice President, Specialty Division of Reliance Surety Company. He joined Reliance in 1998 from St. Paul/Seaboard Surety Company where from 1979 he held various underwriting and management positions in the U.S. and Canada, including President of Seaboard Canada, Vice President, Underwriting Operations and Vice President of Contract Surety.
Daryl holds a B.Sc. Economics degree from Franklin Pierce University.
He is a member and former national board member of the Construction Financial Management Association, with participation on both the finance and membership committees. Daryl is a former insurance committee member of the Design-Build Institute of America. He is active in several associations including the New Jersey Subcontractors Association, the Associated General Contractors, the Building Contractors Association of New Jersey, the Utility & Transportation Contractors Association and the Subcontractors Trade Association.