SID Re considers surety and bond portfolios involving clearly defined obligations, financially sound principals and appropriate indemnity and security arrangements.
Contract Surety
- Bid bonds
- Performance bonds
- Advance payment guarantees
- Payment bonds
- Retention guarantees
- Maintenance bonds
- Supply bonds
- Customs bonds
- Judicial bonds
- Licence and permit bonds
Commercial Surety
- Commercial guarantees
- Concession bonds
- Utility-payment guarantees
- Tax and customs guarantees
- Court and judicial obligations
- Regulatory bonds
- Lease and payment obligations
- Selected financial guarantees, subject to specialist review
Structured Surety Programmes
SID Re may consider portfolio or facility structures supporting recurring bond requirements within agreed:
- Principal eligibility criteria
- Bond types
- Territorial limits
- Maximum tenors
- Financial thresholds
- Collateral requirements
- Underwriting procedures
- Reporting and bordereaux requirements
- Aggregate limits
- Referral authorities
Underwriting Considerations
Surety assessment may include:
- Financial strength
- Cash flow and liquidity
- Existing indebtedness
- Contract experience
- Work-in-hand
- Project profitability
- Employer or beneficiary profile
- Bond wording
- Tenor
- Indemnity
- Collateral
- Counter-guarantees
- Aggregate exposure
- Legal enforceability
Surety is treated as a credit-based obligation and not merely as an extension of conventional property or casualty underwriting.