AMI Speciality have developed exceptional relationships with the international Surety market.
We offer a comprehensive range of bonding solutions, ranging from Performance Bonds to Repayment Guarantee bonds, each complementing and facilitating the funding of the client project. As part of our range of services relating to guarantees and securities surrounding bond structures, we work closely with international banks, fund managers and corporate bond holders, to provide added mitigation to their funding position.
What is the difference between Surety Bonds and Insurance?
Insurance is basically a risk management contract between the insured party and the insurance company. Whilst a surety bond is also contractual, it’s a broader arrangement between the person requiring the work, the person doing the work and the surety company which provides the bond. The bond guarantees the person doing the work fulfils the contract terms but, if they default, the person requiring the work can file against the claim and recover their losses from the surety.
Although banks will issue bonds, this route can have a serious impact on working capital, besides which these are independent instruments which don’t protection the underlying contract conditions.
With a Surety Bond arranged via AMI Specialty and our on-going guidance and support throughout the project, you will:
Be assured of our on-going support and guidance throughout the project
Be legally compliant
Have the peace of mind that you have the backing of a first-class guarantor, enhancing the strength of your covenant
Benefit from being able to optimise your cash management
Potentially gain access to markets and opportunities to win new contracts whilst strengthening relationships with clients, commercial partners and public authorities
Types of Surety Bonds available through AMI Specialty
Contract performance bonds
Advance payment bonds
Road & sewer bonds
VAT and custom bonds
Waste shipment bonds
Licence and permit bonds
Joint venture bonds
With direct access to the worldwide surety market, AMI Specialty can shortcut the process of selecting suitable (regulated) surety companies, to ensure the most appropriate bond structure is arrived at for each particular project.
We’ll also help you enjoy access to previously untapped markets – without adversely impacting your borrowing capacity and credit lines.