C.A. Shea provides a unique role in the world of customs bonds as a facilitator for brokers in many different ways. Our office’s primary role is to assist brokers with the placement of Customs bonds for accounts that are not part of a larger surety program. The broker can submit a request for a bond to our office and we market the request among our carriers to find the best terms for the account. Once terms have been obtained by our office, we would then present them to the broker. If the terms are acceptable to the principal, our office can move forward furnishing the appropriate bond forms for execution, filing and administration of the bond with Customs.
In our other role as a facilitator, our office can assist brokers who have established surety accounts requiring customs bonds. In these situations, the broker would typically contact our office to serve as the conduit to the surety for obtaining authorization to file the bond and confirm the rate. Upon obtaining the underwriter’s authorization we will put the bond together on the appropriate surety paper and the surety’s account rate would apply. Our office would then handle all the administration of that bond for the surety.
Please note that all bonds have different requirements and our office will do our very best to ensure the best terms for all clients are obtained. If you have any questions, please do not hesitate to contact our bond department.
In our efforts to provide the highest level of service and expertise, C.A. Shea & Company, Inc. is pleased to be working with the following surety groups:
• ACE USA
• Arch Insurance Company
• Argo Surety
• Aspen Insurance
• Berkley Surety Group
• Capitol Insurance Companies
• Chartis – Surety
• Chubb Group of Insurance Companies
• CNA Surety
• Hartford Insurance
• Liberty Mutual
• OneBeacon Group
• Philadelphia Insurance Companies
• RLI Insurance Company
• Travelers Surety
• Zurich Surety