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If you are interested in learning more about our products and services, please email us.
Email: marketing.uk@aig.com
Overview: Surety facilities for companies that require bonds to support or facilitate commercial transactions.
Who is it for?: Multinational companies with a net worth of GBP 30m and a facility requirement in excess of GBP 10m.
High value contracts, whether relating to construction projects, information technology installations, bonded goods or other services, represent high risks for the people financing them. The implications of the project not being completed on time or the company undertaking the work not being able to finish can spell disaster for the companies involved when large sums of money are at stake.
Clients increasingly require contractors, engineers and service providers to protect their own clients, both public and private. The increased emphasis on public sector funding for major international infrastructure projects also results in an increased need to protect financiers against the risk of non-completion of the underlying contract. The complexity and turnkey nature of such projects sometimes necessitates the need for joint venturers to protect themselves against the failure of specialist partners.
We provide Surety Bonds to protect companies against these problems as well as Customs and other non-contract bonds for our clients. We provide a guarantee that funds are available in the event that a company is unable to fulfil its contractual obligations. Our experienced teams work closely with the client, conducting financial health checks before establishing surety bonds facilities. Speed is the essence of this market - we have the ability to issue bonds in the UK and overseas at very short notice.