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Surety
Swiss Re Corporate Solutions offers a variety of surety products for mid-sized companies to large multinational firms requiring guarantees. Combining deep product expertise, a global network and exceptional local service, we provide clients and brokers with solutions for a wide range of surety needs.
Surety products provide a number of benefits for companies in a range of industries, including construction, engineering, oil & gas, manufacturing, shipbuilding, pharmaceuticals, transportation and retail. These benefits include diversification of financial partners, while maintaining borrowing capacity and credit lines with existing bank relationships. This gives greater financial flexibility in managing working capital, financial investments and opportunities for acquisitions.
In addition, in some markets, pure surety instruments with conditional bond wordings are a legal requirement, such as when working on public projects. We can issue and service these bonds that other guarantee providers cannot, because we are licensed and do not offer high-cost risk instruments, such as Letters of Credit. Our bonds and guarantees provide the same security as those issued by banks.
The Swiss Re Corporate Solutions Difference Strong financial ratings: AA- by S&P, Aa3 by Moody’s and A+ by AM Best, which is a requirement of many public tenders
Comprehensive insurance solutions for companies, backed by over 150 years of experience
Global operations with licenses in all key markets Local industry expertise and knowledge Ability to provide large capacity Fast decision making Product flexibility and customisation to meet client requirements Syndicated facility and co-surety solutions International fronting solutions
Our TeamWe provide outstanding service to our clients through our dedicated surety teams based in Frankfurt, Milan, Oslo, Zurich and London covering Europe, in Miami covering Latin America, in Singapore, Australia and China covering Asia Pacific and through local offices in the USA and Canada. Our local surety experts can tailor bond language to meet your specific requirements and advise on contract terms.
International Bonding We have a proven track record in international bonding. With our experience in handling bonding needs for large and complex projects abroad we can offer tailor-made solutions to meet clients’ needs. Also mid-sized bonds can be serviced efficiently and swiftly due to our global capabilities. Our clients profit from our global approach, surety experts in our local offices and a wide partner network.
Our products include*: Advance payment bonds Performance or completion bonds Payment labor material bonds Warranty or maintenance bonds Combined warranty and maintenance bonds Retention Bonds Bid bonds Tax bonds Refund guarantee
Customs bonds Rehabilitation/reclamation bonds Decommissioning bonds Waste shipment bonds License/permit bonds Court bonds Building contractor’s guarantee EU agriculture common market regulation bonds / Intervention bonds
*Not all products are available in all countries
However, products are just part of the story. We’re committed to delivering the highest level of client service. This includes fast turnaround time for bond issuance, consultation on bonds to meet your requirements and support for any questions you have.
Swiss Re offices Swiss Re network partners (banks and insurers)
For more information on our surety solutions, please contact:
GermanySwiss Re International SENiederlassung DeutschlandMesseTurmFriedrich-Ebert-Anlage 4960308 Frankfurt am MainGermanyTelephone: +49 69 767 255 100Email: [email protected]
ItalySwiss Re International SERappresentanza per l’ItaliaVia Dei Mercanti n. 1220121 MilanItalyEmail: [email protected]
AustraliaSwiss Re International SE Australia BranchActing via AgentAssetinsure Pty LtdLevel 21, 45 Clarence Street Sydney NSWAustralia 2000Telephone: +61 2 8274 2834Email: [email protected]
ColombiaConfianza S.A.Calle 82 No. 11 - 37 (Piso 7) Bogotá ColombiaTelephone +57 1 644 4690Email: [email protected]
Brazil Swiss Re Corporate SolutionsBrasil Seguros S.A.Avenida Paulista 500 – 6o andarCJ. 61 62 e 6301310-000 Sao PauloBrazilTelephone: +55 11 3073 8000Email: [email protected]
ChinaSwiss Re International SEShanghai ‒ Head office ‒ Unit 902, Tower 1, Century Link Building, No. 1198 Century Avenue, Pudong, Shanghai, 200122Telephone: +86 21 6035 9188Email: [email protected]
Beijing ‒ Unit 2501, East Tower, Twin Towers, No.B12 Jianguomenwai Avenue, Chaoyang District, Beijing, 100022 Telephone: +86 10 5909 6188Email: [email protected]
SingaporeSwiss Re International SESingapore Branch12 Marina View 16-01 Asia Square Tower 2Singapore 018961Telephone: +65 6428 1800Email: [email protected]
United KingdomSwiss Re International SEUK Branch30 St. Mary AxeLondon EC3A 8EPUnited KingdomTelephone: +44 20 7933 3000Email: [email protected]
NorwaySwiss Re International SE Niederlassung DeutschlandActing via AgentAtlas Garanti AS Dronning Eufemias Gate 160191 Oslo, NorwayEmail: [email protected]
CanadaWestport Insurance Corporation Canadian Branch150 King Street West, Suite 1000Toronto M5H 1J9CanadaTelephone: +1 416 408 0272Email: [email protected]
USA, MiamiWestport Insurance Corporation1450 Brickell Avenue Suite 1750Miami, FL 33131 USATelephone: +1 305 679 5500Email: [email protected]
Services the following Latin American countries: Panama, Mexico, Guatemala, Costa Rica, Honduras, El Salvador, Dominican Republic
USA, Schaumburg
North American Specialty Insurance Company
1450 American Lane, Suite 1100,
11th Floor
Schaumburg, IL 60173
USA
Telephone: +1 847 273 1300
Email: [email protected]
Benefits of suretySurety provides a number of benefits to surety clients including:
Greater financial flexibility by freeing up bank credit facilities Improved liquidity by releasing existing bank guarantees Access to underwriters with deep industry knowledge and experience gained from working with hundred contractors in various markets
Potential to benefit from surety relationship by gaining local market knowledge and insights from Swiss Re local underwriter, if clients are expanding into the new markets
How surety or a bond works
Performance agreement = Contractual obligation
Surety contract
Contractor = Principal/Obligor
Bond
Contractee/ Project Owner = Obligee/ Beneficiary
Surety company= Guarantor
Notes
Swiss Reinsurance Company Ltd Mythenquai 50/60 P.O. Box 8022 Zurich Switzerland
Telephone +41 43 285 2121 Fax +41 43 282 2999 corporatesolutions.swissre.com
Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations around the world. Its innovative, highly customised products and standard insurance covers help to make businesses more resilient, while its industry-leading claims service provides additional peace of mind. Swiss Re Corporate Solutions serves clients from offices worldwide and is backed by the financial strength of the Swiss Re Group. For more information about Swiss Re Corporate Solutions, please visit corporatesolutions.swissre.com or follow us on Twitter @SwissRe_CS.
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