Overview

Surety and bonds is an anchor class. Guarant writes treaty and facultative reinsurance of contract bonds, financial guarantees and fidelity exposures.

Coverage

  • Bid bonds.
  • Performance bonds.
  • Advance-payment bonds.
  • Maintenance and retention bonds.
  • Fidelity guarantee.
  • Customs, court and other administrative bonds within published appetite.

Capacity

Up to USD 50 million per principal on facultative basis.

Capacity figures are indicative and are subject to underwriting review, applicable regulatory authorisations and contractual terms. Specific limits are confirmed in writing for each placement.

Target markets

Cedants and brokers in Middle East, Asia and Africa, focusing on contractors and obligees in infrastructure, energy and public-works projects.

Risk considerations

Principal financial strength, project performance record, indemnity arrangements, contractual obligations and obligee enforcement posture.

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