Risk Management with Reliable Guarantees
Surety practices provide a critical assurance for contractors and businesses to fulfill their obligations. The solutions offered in this area not only increase trust between the contracting parties but also support the continuity and transparency of business processes.
Global Risk Underwriting has gained extensive experience in guarantee bonds for over 15 years and has established strong connections in international markets. This expertise allows us to offer our clients the most suitable security through both traditional and private guarantee solutions.
Our goal is to ensure that businesses can confidently implement their projects, minimize risks, and maintain long-term business partnerships sustainably. In this regard, the solutions we offer are supported by innovative and reliable insurance services that comply with international standards.
Who We Are
Global Risk Underwriting operates with an experienced team of insurance professionals specialized in the field. We stand out with our fast and predictable decision-making processes, innovative capacity creation approach, and customer-oriented service philosophy. While complying with the highest market standards through our internal and external risk management processes, we provide our clients with comprehensive insurance services.
Goals
Our goal is to develop a versatile and extensive risk portfolio to ensure balanced coverage. We aim to establish long-term and profitable partnerships through proportional and disproportionate capacity offerings, and to operate transparent and auditable processes. Risk control is supported by the optimized distribution of capacity.
Concept
A surety bond is issued when an insurance company or bank guarantees that the contractor will fulfill their obligations to a third party. This structure secures the responsibilities of the contractor while protecting the rights of the third-party beneficiary. Surety bonds are non-cancellable and are especially preferred for critical obligations such as construction, engineering, and tax payments.
Our
Industrial Focus
Performance Bonds
Usually issued for an amount equal to 10% of the contract or project cost.
Maintenance Bonds
Cover the defect period and typically amount to up to 5% of the contract cost.
Advance Payment Bonds
Provide security for up to 25–30% of the project cost.
Retention Bond
Usually issued for an amount between 3% and 5% of the project cost.
We Are Here toSupport You
Together with our business partners, we design and implement programs that enhance members' experiences and create sustainable value for sponsoring organizations.
Consultative approach to risk management, long-term protection and efficiency.
