Industry Links

Founded in 1904 by the Singer Sewing Company, IFIC was the first company to receive a surety license in the state of New Jersey. For more than 50 years, the company provided captive fidelity coverage for Singer’s international subsidiaries. In 1964, a group of private investors specializing in surety bonds purchased IFIC, and the company became independent. In 2018, IFIC was acquired by IAT Insurance Group (IAT), a privately owned specialty insurance company providing property and casualty products for businesses and individuals.