Sompo’s U.S. Surety team partners with a nationwide network of independent agents and brokers to deliver surety bonding solutions for all types of businesses ranging from small to multinational. As one of the top 15 surety companies in the U.S., Sompo’s team has extensive experience in all lines of surety including contract, commercial and transactional. Sompo offers a full suite of bond products in all 50 states and Puerto Rico.
Sompo U.S. Surety Highlights
- Top 15 surety company in the U.S.
- Added over $1 Billion of new capital to Sompo’s two main underwriting companies (EAC, EAIC)
- Four underwriting companies include: Endurance Assurance Corporation, Endurance American Insurance Company, Lexon Insurance Company, Bond Safeguard Insurance Company
- New commercial transactional platform Digital Hub
- Ability to write in Canada and UK
- SBA capability with dedicated support team
- Commercial reverse flow business
Capacity
- Aggregate bond program limits up to $400M for qualified clients.
Target Clients and Industries
- General, trade, environmental, and heavy construction contractors and sub-contractors
- National/regional home builders and developers
- Service contractors
- National and international publicly traded and privately held companies
- Retailers and wholesalers
- Healthcare companies
- Energy companies including: renewables (EPC, solar, hydro), oil and gas, power, utilities
Products
- Performance and payment bonds; maintenance, supply, and supply and install
- License and permit bonds
- Probate and court bonds
- U.S. customs bonds
- Reclamation, closure, plugging and abandonment, decommissioning interconnection, and PPA bonds
- Additional contract, commercial and various transactional bonds
Financial Strength
A+ financial rating
- A+ (Superior) from A.M. Best (XV size category)
- A+ (Strong) from Standard & Poor’s
- A1 from Moody’s
$440M
(Combined) U.S. Treasury listing (increased from $278M in 2022)