Surety

Surety plays an important role in supporting clients with their contractual obligations and can help them to successfully grow in an ever changing global environment.
At Markel International we aim to become a long-term trusted partner by supporting our clients with traditional and bespoke surety solutions.


Whilst embedded within construction, surety bonds can be utilised across a wide variety of trade sectors and international markets. Our bonds and guarantees can provide capital efficient solutions and assist with working capital management.
We understand that speed of response and service are crucial for a surety offering and to any business, as such we ensure access to our specialist underwriters who will provide prompt and proactive decisions.

CALL US ON:

+44 (0)20 7953 6000

Areas of cover include:

Contract Bonds

  • Performance Bonds – a guarantee to an employer for the performance of a contract by the nominated contractor in accordance with its terms and conditions.
  • Advance Payment Bond – a guarantee given as security where money is paid upfront and before the goods or services are supplied under a specific contract.
  • Retention Bond – many construction contracts entitle the employer to withhold a percentage of money due to the contractor from each payment. A bond can be issued in place of money that would otherwise be held as retention enabling the contractor to receive the full amount due and improve their cash flow.
  • Highways Act Bonds – bonds normally in favour of the Local Authority to ensure that statutory obligations in relation to the construction and maintenance of roads or sewers are fulfilled.

Commercial Bonds

  • Deferment guarantee – a guarantee to HM Revenue and Customs for the deferment of the payment of duty and taxes. These bonds are used by companies importing goods and materials in to the UK. The bond allows a deferment of any duty payment for a period of 45 days.
  • Warehouse bond – a guarantee required by HM Revenue and Customs for bonded warehouses.
  • Rural Payment Agency Guarantees– a guarantee to the relevant agency which enables certain traders and processors to bid for European Union quotas and schemes.
Ewa Rose

Managing Director - Trade Credit, Political Risk and Surety

+44 (0)20 7953 6580

email

Damian Manning

Head of Surety

+44 (0)20 7953 6586

email

David Chandler

Senior Underwriter - Surety

+44 (0)20 7953 6206

email