Trusted by cedants across the Global South

Credit & Surety

Fortifying economic resilience by providing deep capacity for trade credit and performance guarantees.

+11.3%
Global Trade Credit CAGR Forecast: 40+
Target Emerging Markets: 90%
Uninsured SME Credit: $20B+
Targeted Trade Corridor Value

Our Approach

A better way to manage underwriting volatility

For primary insurers, Credit & Surety portfolios are highly cyclical and sensitive to geopolitical shifts and corporate insolvencies. We provide the capital depth and technical expertise required to absorb default shocks, ensuring that local insurers can offer robust trade credit and performance bonds that keep national supply chains moving.

01 Trade Credit Reinsurance: We offer quota-share and excess-of-loss capacity to protect against buyer insolvency and protracted defaults. Our support enables cedants to offer "Whole Turnover" and "Single Buyer" covers that secure both domestic and export trade.
02 Contract & Commercial Surety: We provide substantial capacity for bid bonds, performance bonds, and advance payment guarantees. This is critical for Global South infrastructure, where large-scale projects require international-grade financial security.
03 Bank-Integrated Credit Solutions: We specialize in treaties that support bank-led trade finance, helping primary insurers provide the credit enhancement required by financial institutions to unlock lending for local enterprises.

Always in the Loop

Intelligence that keeps cedants ahead.

Our partners receive continuous analytical support — turning raw risk data into precise underwriting decisions.

Clustering Analysis for Accurate Pricing: We provide advanced credit-risk clustering. By grouping data by industry sector, buyer credit ratings, and regional insolvency trends, we enable our cedants to move toward precise, segment-based technical pricing.
Real-Time Insolvency Monitoring: Our partners receive regular reports on macroeconomic indicators and corporate health trends in target markets, allowing for proactive limit management and treaty adjustments before a sectoral downturn occurs.

FAQs

Frequently asked questions

How does Treaty Reinsurance improve capital efficiency?: By offloading the "Severity Risk" of large corporate defaults or construction failures, we reduce the solvency capital requirements for primary insurers, allowing them to participate in larger government tenders and international trade contracts.
What is the typical duration of a treaty arrangement?: Most Credit & Surety treaties are structured on an annual "Risks Attaching" (RAD) basis, though infrastructure-linked surety bonds may have multi-year periods aligned with the project's construction lifecycle.
How are claims handled within this Line of Business?: As a reinsurer, we follow the settlements of the primary insurer ("Follow the Fortunes"). In cases of large-scale insolvency or project abandonment, we provide technical support to manage recovery and subrogation efforts against the defaulting party.
Do you offer tailored wording for specific regulatory zones?: Yes. We specialize in drafting wording that aligns with regional commercial laws and specific local mandates regarding bond forfeiture, "Conditional" vs. "Unconditional" bonds, and protracted default definitions.
How do you support cedants with technical data?: We provide monitoring of large construction projects and industrial site activity, delivering detailed clustering analysis for accurate pricing — helping cedants identify "zombie" sectors or high-risk geographic clusters.
Can you assist with the "Buyer Credit Limit" assessment?: Absolutely. We provide the underlying credit-scoring models and data inputs to help our cedants set appropriate credit limits for thousands of buyers, ensuring the portfolio remains balanced and within treaty constraints.
How is accumulation risk managed during a regional economic crisis?: We use probabilistic modeling to monitor concentration risk across interrelated industries and supply chains. This allows us to advise cedants on "Catastrophe Stop-Loss" limits to protect their balance sheet against systemic regional defaults.
What is the role of the reinsurer in project risk engineering?: While the primary insurer manages the ground-level bond underwriting, we provide a layer of technical verification — often using satellite imagery to track project milestones — to ensure that performance bonds stay aligned with actual physical progress.