Delivering world class surety solutions globally

years combined experience in surety
bonds placed around the world
countries delivering local and global solutions

Why RKH Specialty?

Consistently delivering the most competitive terms.
Market Influence
As a leading income generator to the surety insurers we have superior buying power.
Bespoke Solutions
Surety solutions for challenging, innovative and complex transactions.
Global & Local Solutions
Facilities on a local, regional or global basis.
Delivery Capacity
Access to all major providers ensures all capacity options are fully explored.
Industry Expertise
Unparalleled expertise across multiple industry sectors.
Organisation of multiple surety capacity to meet large surety bond requirements.
Document Analysis
Market leading surety bond review capabilities including the analysis of contract.
Facility Management
Full service administration of all day to day surety bond needs and arrangement of competitive surety bond facilities.

What is Surety?

Surety is an obligation by a financial institution (which for our purposes is an insurance company) to guarantee the contractual or commercial obligations of one party, the Principal, to another, the Beneficiary.

Surety bonds can be required under the terms of a contract, or in accordance with statutory or licensing requirements, to secure the performance of the Principal in its commercial or contractual obligations to the Beneficiary.

As illustrated below, a surety bond is a tri-partite agreement issued by an insurer, the Surety, providing monetary compensation to the Beneficiary in the event that the Principal fails to perform its contractual or commercial obligations.

A counter-indemnity is taken from the Principal (and potentially its parent company) allowing the Surety to seek reimbursement in the event the Surety has to pay a claim under the surety bond.

Surety Bond Types

Surety is traditionally divided into two categories:


  • Performance bond
  • Advance payment guarantees
  • Retention bonds
  • Warranty bonds
  • Local government pension scheme (LGPS) bonds
  • PPP and PFI


  • Pension deficit guarantees
  • Decommissioning bond (oil & gas and mining)
  • Captive retention guarantees
  • Land purchase guarantees (developers)
  • Travel bonds (travel operators)
  • Rural payment agency guarantees
  • Environment agency guarantees
  • Appeal bonds
  • Section guarantees (developers)
  • Customs / import guarantees

Surety bonds are widely used and are a critical financial tool in many industries:

  • Automotive
  • Chemical
  • Commodities
  • Construction
  • Electronics
  • Engineering
  • Food
  • Importers
  • IT Services
  • Machinery & Equipment Manufacturers
  • Metal
  • Mining
  • Outsourcing
  • Retail
  • Shipbuilding
  • Telecommunications
  • Travel
  • Transport
  • Waste

Insurer vs Bank

Why are insurer issued surety bonds superior to bank surety?
Bonds issued by a bank diminish available headroom under lines of credit and can limit opportunities for growth.

Insurers generally issue surety bonds on an unsecured basis, being provided on the assessment of a company's financial strength and proven track record. The issuance of surety bonds by an insurer does not impact working capital or bank borrowing facilities and therefore can provide a useful boost to a company's liquidity.

Key contacts

Paul Philand

Paul Philand
Global Head of Surety
+44 (0)20 7133 1363 Email >

Brian Reynolds

Brian Reynolds
Executive Director - Asia
+65 6302 9681 Email >

James Souter

James Souter
Executive Director – Surety
+44 (0)20 7426 5210 Email >

Tom Parrott

Tom Parrott
Account Executive
+44 (0)20 7133 1404 Email >

Jon Hopkins

Jon Hopkins
Divisional Director - Surety
+44 (0)20 7133 1569 Email >

Cerys Traynor

Cerys Traynor
Business Development - Surety
+44 (0)7590 860 700 Email >

Claudia Lopes

Claudia Lopes
Divisional Director
+44 (0)20 7133 1569 Email >

Matthew Mayne

Matthew Mayne
Associate Director, In-House Solicitor
+44 (0)20 3435 6250 Email >

Ben Milan

Ben Milan
Account Handler
+44 (0)20 3937 6547 Email >

Tessa Simpson

Tessa Simpson
Operations Manager
+44 (0)20 7133 1467 Email >

Will Watts

Will Watts
Account Handler
+44 (0)20 3808 2390 Email >