MNK International - Credit and Surety

Securing Contractual Relationships

Comprehensive Surety Bond Solutions

MNK International provides access to a wide range of surety bonds and guarantees across diverse trading sectors. These instruments deliver independent security to customers against losses or damages resulting from contractors or suppliers failing to fulfil contractual obligations.

Our surety solutions support your business commitments while preserving working capital and banking facilities, backed by the financial strength that makes our bonds and guarantees preferred security instruments in many markets.

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How Surety Bonds Work

Surety bonds involve three key parties in a structured relationship:

The Principal: Your organisation purchases the surety bond to guarantee quality and completion of contracted work
The Obligee: The entity requiring you to provide the bond as security
The Surety: Our role as the issuer who financially guarantees your ability to fulfil obligations

If contractual obligations are not met, the obligee can claim payment up to the bond amount. The principal then reimburses the surety for any claimed payments, maintaining the distinction between surety bonds and traditional insurance.

Strategic Business Benefits

Our surety bond solutions deliver multiple advantages for your business:

Regulatory Compliance: Meet legal and contractual obligations efficiently
Market Access: Win new business by satisfying security requirements
Enhanced Credibility: Provide beneficiaries with first-class financial guarantees
Financial Flexibility: Optimise cash management and benefit from competitive financing costs
Balance Sheet Protection: Preserve banking facilities for core business activities

Comprehensive Surety Portfolio

Our extensive range of surety bonds and guarantees includes:

Contract Bonds

Performance Bonds
Advance Payment Bonds
Retention/Maintenance Bonds
Bid Bonds

Commercial Bonds

VAT and Customs Bonds
Appeal/Court Bonds
Waste Shipment Bonds
Licence and Permit Bonds

Specialised Guarantees

Road and Sewer Bonds
RPA Guarantees
Restoration Bonds
Payment Bonds
Pension Bonds
Deductible Guarantees

Global Surety Capabilities

Our surety specialists leverage international market relationships to deliver bond solutions across diverse jurisdictions, ensuring consistent support for multinational operations and cross-border contracts.

Expert Guidance

Whether you require a single bond for a specific project or a comprehensive surety programme supporting multiple contracts, our specialist team provides expert guidance through the entire process – from application and underwriting to issuance and ongoing management.

Your Dedicated Specialist

Giles Ham

Associate Director, Surety

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Giles is responsible for facilitating coverage for difficult and hard-to-place risks worldwide, expanding MNK International’s global presence in the surety sector.

He is a surety broker with over 30 years of experience in the market and brings a proven track record of providing bond solutions for companies, either directly or through a sub-broker. Giles has worked on a number of major civil infrastructure projects, including the Channel Tunnel Rail Link, and the Ted Williams Tunnel in Boston, Massachusetts.

As a well-known practitioner in the international market, having worked with brokers across the world, he uses his experience and contacts to build MNK International’s client base. This includes overseas clients looking to access specialist London capacity.