Underwriting – The Process
Underwriting a surety bond involves a systematic analysis of the financial resources and the qualifications of the principal, in relation to the risk underlying the bond.
The objective of the underwriting process is to differentiate between acceptable and unacceptable risks.
First Sealord Surety has adopted a disciplined approach to underwriting. Each risk is underwritten on its own merits and based on the contractually defined task. The Company maintains control of the underwriting process.
First Sealord Surety underwrites its surety products through the unique application of construction management and engineering diligence in the technical and financial underwriting process. First Sealord Surety ’s technical know-how provides the company with a distinct advantage in the surety marketplace.