Who we are

• Team of experienced Underwriters with specialism in their respective fields
• Swift and predictable underwriting decisions with a prompt response and line deployment
• Orientated to provide innovative and ingenious capacity as and where required
• Managing systems dedicated to achieving our underwriting goals
• Risk management and controls, both internal and external, to comply with upmost market standards and regulations
• Full underwriting services from a client orientated perspective including claims management and processing

The Concept

• A surety bond is issued whenever an insurance company guarantees performance of an obligation by the contractor in favour of a third party. 
• The third party involved in the agreement is the beneficiary who receives the benefit of the bond.
• Surety Bonds are not cancellable

e.g. construction/engineering contracts and  tax authorities (to guarantee the payment of import duties or other taxes). 

Beneficiary – the party which benefits from the surety bond 

Contractor – the party, on which behalf, the bond is issued and whose obligations are guaranteed by the surety bond 

Surety – the entity (insurance company or a bank), who issues the surety bond