Underwriting Process

November 7, 2018 - Surety 101

Hello, I’m Sheila Thompson, a Principal at Rosenberg & Parker of Canada. For those of you who have contract surety needs, here is some insight into the underwriting process for your bonds:
• Surety companies underwrite both the financial wherewithal of a company, along with the project for which the bond has been requested
• Underwriters review corporate org charts, year & interim financial statements, Work in Progress reports, aged listings, and Bank terms & conditions
• Projects are reviewed based on their size, duration, geography, technical aspects and the like
At Rosenberg & Parker, our vision is clear and it’s PURE SURETY