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Surety

With a focus on large credit lines, AIG has the underwriting expertise, capacity, and global reach to customise a surety bond precisely to the needs of your business.

Free up capital

Surety bonds are a viable alternative to bank guarantees or letters of credit, improving the liquidity of your business by freeing up bank lines for working capital and possible acquisition financing.

New opportunities

Transferring the risk of contractor default to a surety bond opens up your job tender opportunities, supporting order book grants and cash-flow.

Worldwide support

Many of AIG's clients operate in a global marketplace. We recognise the need for global support with surety centres of excellence in London, New York, Toronto, São Paulo, Hong Kong, Shanghai, Sydney and Singapore.

Customised solutions

AIG handles traditional and non-traditional surety with equal ease and can customise a wide variety of products to match the diverse needs of our customers.

  • Contract Bonds
    • Bid bonds
    • Performance bonds
    • Maintenance bonds
    • Off-site Material bonds
    • Advance Payments bonds
  • Commercial bonds 
    • Court/judicial bonds (e.g. appeal bonds)
    • Licence & permit bonds

Companies exhibiting the following metrics for the last three financial periods:

  • Annual revenue in excess of $150 million
  • Tangible Net Worth in excess of $20 million
  • Bond facility requirements in excess of $10 million

Sectors typically requiring bonds:

  • Construction
  • Engineering (mechanical and electrical)
  • Energy (traditional and alternative)
  • Project finance deals
  • All other sectors with a bond requirement (other than financial guarantee)

 

  • Infrastructure
  • Telecommunications
  • Support services
  • Transportation
  • Over 70 years’ surety underwriting experience
  • Flexibility and ability to consider projects up to 10 years’ duration
  • Significant capacity available
  • AIG works closely with brokers, intermediaries and customers at a local, regional or international level as required.

Liam Berry
Surety Manager
T  +61 (0)2 9240 1815
M  +61 (0)481 438 374

For surety bond enquiries and applications please email:
liam.berry@aig.com

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