Surety

XL Re Latin America is a market leader for surety reinsurance throughout Latin American markets. We offer treaty capacity on either a proportional or non-proportional basis to all Latin American markets. The majority of our capacity is concentrated in Colombia, Brazil, Chile, Mexico, and Argentina.

Details:
– Performance bonds, including bid and advanced payment bonds
– Customs bonds
– Concessions coverage excluded unless local regulations clearly state that the coverage will have a length of one year and that nopenalty will be imposed in the case of nonrenewal
– Three-year average length of coverage & Excess loss treaties available on a risk-attaching basis
– Preference for countries where no first call is required
– Financial guarantees not supported
– No judicial bonds in which the obligee must accomplish certain legal duties specified in the coverage

Regions Covered

Contacts

Disclaimer
This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular (re)insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, XL GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda are only available through non US-based brokers. Additional important information regarding our business is provided on our Legal Notices page.

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