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An increasing proportion of public and private contracts today require security, such as a surety bond or guarantee, for contractual obligations. The regular need for these products can reduce the availability of bank credit lines and impact the financial flexibility required for working capital purposes and to finance investments.
Working with Chubb’s expert surety and guarantee team can help companies maintain their financial flexibility, strengthen liquidity and diversify sources of financing. Surety bonds and guarantees issued by Chubb can also help satisfy a counterparties’ requirement for security while helping to preserve other credit lines.

What is a Surety Bond Or Guarantee?

A surety bond or guarantee is a written obligation provided by a guarantor (a bank or insurer) covering the beneficiary (such as an employer on a construction contract) against the default of the bonded or guaranteed company. It secures the fulfilment of contractual, commercial or legal obligations.
A surety bond or guarantee is distinctive from a traditional insurance contract in that the guarantor holds recourse rights against the bonded or guaranteed company and can recover any payment made under the bond from that company.

Chubb Target Market

  • FTSE 250 companies
  • Large, privately held companies generating consolidated revenues exceeding £250 million
  • Corporates with a need for surety bonds and guarantees to satisfy legal, customs or fiscal obligations

Types Of Surety Bonds And Guarantees Issued

  • Contract performance bonds
  • Advance payment bonds
  • Retention/maintenance bonds
  • Road & sewer bonds
  • Bid bonds
  • VAT and custom bonds
  • Appeal/Court bonds
  • Waste shipment bonds


By choosing Chubb Surety:

  • You comply with your legal obligations
  • You get access to markets and win new contracts while securing your clients, commercial partners and public authorities
  • You provide beneficiaries with a first-class guarantor enhancing your covenant
  • You optimise your cash management and benefit from competitive financing costs

By issuing bonds and guarantees through an insurer rather than a bank:

  • You work with specialists in the provision of bonds and guarantees
  • You diversify your financial partners and maintain your borrowing capacity and credit lines
  • You get access to markets where sureties have an exclusive right to issue surety bonds (such as the US or Mexico)

How can I obtain a Chubb Surety bond or guarantee?

Contact our Surety team as follows:

David Garrahan

Jamal Griffith

Tom Johnson:

Ammye Miah:

Dylan Nayee: