Programs

First Surety Corporation is an innovator in the surety industry providing commercial surety capacity. We are active in developing specialized surety programs where no surety capacity exists or for underserved markets. Our specialized tailored surety programs for the energy industry provide surety capacity at an economically rational rate.

The Partially Collateralized Program

Partially-collateralized surety programs provide needed surety supported by collateral that is adjusted in relation to operational, physical and financial underwriting results and our continuous monitoring activity. These programs support the surety needs of policyholders/principals with the best solution and cost as underwriting facts change with project, principal and industry status over time.

The 100% Program

This program permits existing collateral arrangements for financial assurance (CDs, irrevocable letters of credit backed by CDs, money market funds, compensating cash balances, or other low yielding securities) to be converted to a professionally managed portfolio with the potential of an enhanced return for the surety bond principal. As a result the overall cost of financial assurance programs is decreased. In addition, over time, principals through improvement in underwriting factors can qualify for a partial collateralized program.