Jacobs Financial Group Inc. of Charleston, W.Va. has completed corporate filings to change the name of its recently acquired insurance subsidiary to First Surety Corp.
First Surety, a Charleston-based firm, specializes in underwriting surety bonds for regulated industries such as oil and gas, coal and healthcare. First Surety is West Virginia’s first domestic surety company and offers surety bonding using the collateral strategy of managed investment accounts rather than traditional cash deposits. It was previously known as West Virginia Fire & Casualty Co.
Linda J. Aguilar, Frederick E. Ferguson, John M. Jacobs, Timothy A. Maddox and C. David Thomas have been elected to the Board of Directors of First Surety Corporation.
Aguilar is a retired bank executive and a resident of Ansted, W.Va. Ferguson is a retired coal executive and a resident of Oak Hill, W.Va. Jacobs, of Charleston, is a SEC registered Investment Advisor, and is also chairman and president of Jacobs Financial Group. Maddox is president of Silverstein & Maddox Inc., a Charleston insurance agency and resides in Charleston. Thomas, also a Charleston resident, is vice president of George H Friedlander Co. in Charleston.
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