Page 1 of 1
Performance Bond - international exposure
Posted: Tue Mar 18, 2014 10:05 am
by GRCinCA
A client needs a performance bond in order to meet contract requirements. Obligee is govt entity in UAB. Travelers, CNA, Liberty, and PHLY all declined based on international exposure.
Anyone have any ideas on who I can take this to?
Re: Performance Bond - international exposure
Posted: Wed Mar 19, 2014 12:12 pm
by szinecker
You have a difficult case. Try CCI Surety in Minneapolis or Surety One in Raleigh, NC. Good luck.
Re: Performance Bond - international exposure
Posted: Mon Mar 31, 2014 11:02 am
by GRCinCA
Thanks for the szinecker I will follow up if need be. Right now we are checking with the insured's bank. It appears the contract calls for an irrevocable letter of credit in lieu of a bond - so I'm gonna see how that shakes out.