Bid bonds
Support for tender-stage obligations where bidder standing, project scope, and contract conditions are understood.
Global RE Solutions
Bonds/Surety
Bonds and surety reinsurance for bid, performance, advance payment, maintenance, and contract guarantee obligations linked to public, private, and infrastructure works.
- Scope
- Contract bonds and surety
- Focus
- Contractors, infrastructure, public works, commercial obligations, and performance security
- Structures written
- FacultativeTreatyQuota shareExcess of lossBond facility
Specialist reinsurance class
What we write
Products and structures
The covers below represent Global RE's core appetite in bonds/surety. Risks outside this list can still be reviewed when the scope, data, and wording are clear.
Performance bonds
Capacity for project execution obligations, reviewed against contractor experience, contract terms, and delivery controls.
Advance payment bonds
Reinsurance support for payment security where recovery mechanisms and counter-guarantees are clearly evidenced.
Maintenance bonds
Support for post-completion obligations where defects period, retention, and warranty terms are defined.
Contract guarantees
Selective participation in public and private contract obligations with clear indemnity and security packages.
Surety treaty support
Treaty capacity considered where cedant underwriting controls, obligor monitoring, and portfolio reporting are robust.
Underwriting view
How Global RE reviews bonds/surety submissions
Each submission is reviewed through the lens of exposure quality, documentation, contractual wording, claims experience, and the specific controls relevant to the class.
Obligor quality
Balance sheet strength, experience, backlog, ownership, and banking support inform surety participation.
Contract conditions
Termination rights, liquidated damages, dispute resolution, and employer obligations are reviewed.
Security package
Counter-guarantees, collateral, indemnities, and recovery mechanics are assessed before capacity is agreed.
Portfolio concentration
Accumulation by obligor, project owner, sector, geography, and bond type is monitored.
Why cedants place with us
Our approach to bonds/surety risk
Collateral and counter-guarantee discipline
Security packages, indemnities, counter-guarantees, and recovery rights are reviewed before capacity is deployed.
Project-stage underwriting
Obligations are assessed from tender through execution, completion, maintenance, and release.
Contractor and obligor review
Financial standing, track record, backlog, and project delivery capacity are considered alongside contract terms.
Portfolio monitoring
Treaty support depends on clear bordereaux, aggregate limits, obligor concentrations, and default reporting.
Submission checklist
Information expected for review
The following information helps Global RE assess whether a bonds/surety opportunity sits within appetite and whether the proposed structure is sufficiently clear.
- 1
Bond type, amount, beneficiary, obligor, project description, and expiry or release conditions
- 2
Contract documents, indemnity wording, counter-guarantees, collateral, and recovery arrangements
- 3
Obligor financials, experience record, backlog, and project delivery history
- 4
Cedant underwriting guidelines, aggregate exposure, bordereaux, and loss/default experience
Other classes
Explore the rest of the specialist portfolio
Each class is written within a defined appetite so counterparties can see where Global RE is prepared to participate.
Property
Property reinsurance for commercial, industrial, and project-related assets, with attention to physical damage, business interruption, and catastrophe aggregation.
View classCasualty
Casualty reinsurance for general liability, products liability, employers liability, and excess liability exposures where jurisdiction, wording, and claims environment are understood.
View classEngineering
Engineering reinsurance for construction, erection, machinery, equipment, and project-related risks where technical controls, testing phases, and contract conditions are visible.
View classMarine
Marine reinsurance for cargo, transit, project cargo, stock throughput, and related logistics exposures where route, storage, and accumulation controls are understood.
View class
Discuss your bonds/surety proposal
Global RE reviews bonds/surety submissions within its defined appetite, with claims obligations, structure, and documentation assessed before capacity is committed.