One of the most cost effective ways to finance your contract security obligations are surety bonds. We can design and deliver a flexible and effective bonding program, operating alongside your traditional banking lines of credit.

PRODUCTS AND SERVICES

Surety Bonds

Tailored solutions to meet your requirements

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Improving the flexibility and profitability of your business

We are a team of dedicated professionals who strive to improve the flexibility and profitability of your business through the use of surety bond products. Surety bonds are a cost-effective alternative to bank guarantees. Both are unconditional and payable on demand, however unlike a bank, surety bond providers do not require a specific security over a company’s assets and do not require the bonds to be supported by cash or other collateral.

As one of the world’s leading arrangers of surety bonds, our specialists will ensure we tailor a solution to meet your requirements that will free up committed funding lines otherwise pledged to a financier. Our experienced team can advise you on the various types of bonding options available and which best suit your own situation. We have a close relationship with all the major surety bond providers.

Our Products and Services

We offer a range of surety bond-related products, including;

  • Performance Bonds

  • Contract Bonds

  • Bid Bonds

  • Advance Payment Bonds

  • Retention Release Bonds

  • Maintenance Bonds

  • Off-Site Material Bonds

  • Petroleum Bonds

  • Lease Bonds

Key Contact

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Mike Kayes

Head of Credit Specialties
Mike.Kayes@lockton.com
+64 27 257 8834

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We bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.

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Latest news and insights

We are pleased to introduce the first edition of Lockton’s Specialty London Market Report. The Specialty Division was formed 18 months ago to provide Lockton’s retail network and clients across the globe with support and advice from the full breadth of London’s Specialty teams.London Market Report October 2024

Reducing the cost of insuring firefighting aircraft

As the global climate shifts, wildfires are becoming more frequent and intense. The economic and environmental consequences can be devastating, and the need for effective firefighting aircraft has never been greater. Purpose-built firefighting aircraft and their pilots stand at the forefront of this battle, providing essential service in saving property, forestry, and lives, but traditional insurance models have made insuring these aircraft prohibitively expensive. It is essential that insurers, brokers, and insurance buyers work together to improve the insurance conditions for these operations as the need to fight wildfires is set to rise further. As the global climate shifts, wildfires are becoming more frequent and intense. The economic and environmental consequences can be devastating, and the need for effective firefighting aircraft has never been greater. Purpose-built firefighting aircraft and their pilots stand at the forefront of this battle, providing essential service in saving property, forestry, and lives, but traditional insurance models have made insuring these aircraft prohibitively expensive. It is essential that insurers, brokers, and insurance buyers work together to improve the insurance conditions for these operations as the need to fight wildfires is set to rise further.

Lockton gets behind the Blues to advance risk management and resilience on and off the field

Lockton is proud to partner with winning teams like the Blues, 2024 Super Rugby champions. Our multi-year partnership advances risk management in the Blues regions; Auckland, North Harbour and Northland. Together, we share expertise in risk management to help businesses excel.Lockton is proud to partner with winning teams like the Blues, 2024 Super Rugby champions. Our multi-year partnership advances risk management in the Blues regions; Auckland, North Harbour and Northland. Together, we share expertise in risk management to help businesses excel.

Inside Risk: Managing the risk of green and living walls

Green walls (also referred to as living walls or vertical gardens) have become increasingly common within our urban landscape. Typically incorporated into the vertical structures of buildings, they are promoted to boost biodiversity, reduce air pollution, and help promote wellbeing.  

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