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BUILDING PARTNERSHIPS SECURITY FOR PERFORMANCE OUR SURETY AND BONDS PRACTICE

JLT Surety and Bonds Practice

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Page 1: JLT Surety and Bonds Practice

BUILDING PARTNERSHIPSSECURITY FOR PERFORMANCEOUR SURETY AND BONDS PRACTICE

Page 2: JLT Surety and Bonds Practice

TRUSTED AND ESTABLISHED TEAMOur specialist expertise and knowledge is fueled with two decades of Surety experience. We speak your language. Our team includes an ex Treasury Analyst for a tier 1 contractor. We also have backgrounds in banking, construction and hospitality to ensure our clients receive the best service.

YOUR INTERESTS FIRST, ALWAYS

1We get you the best deal, not us. Experience the confidence and comfort we offer clients as we work side by side with you to truly understand your business and everything that makes you different. Your success is our success.

BUILDING RELATIONSHIPSWe build close relationships with our clients’ finance, bid and project teams. But this is not at the expense of our ongoing relationships with local and international banks, local Surety providers and global insurers. We leverage our network to push the boundaries of possibility, develop innovative solutions and seize opportunities.

LOCAL EXPERIENCE, GLOBAL EXPERTISEOur Surety clients operate worldwide and so do we. This means our people are experts in both Surety and the geographical areas in which you operate. This gives our clients confidence dealing with challenging, offshore projects where we have in-depth expertise.

JLT SURETY VALUE PROPOSITIONImprove operational efficiency, achieve optimal working capital and free up valuable lines of credit from the bank with JLT’s specialist insight.

We are Surety and Bonds specialists. Contract Security is in our DNA. Our trusted team have deep specialist knowledge and extensive Surety experience across the construction, IT, hospitality and funds management sectors.

We believe our creative freedom and tenacity to go beyond the routine provides our clients with better insights, advice and results.

It’s not just about the numbers. It’s finding solutions that drive our clients to new heights and possibilities.

Because at JLT, clients come first.

Page 3: JLT Surety and Bonds Practice

GLOBAL EXPERTISEWe have specialist brokers for Surety across the world. These hubs of expertise work together to service our Surety clients domestically at headquarters and internationally at the project site. The JLT International Network extends the global reach of our Surety hubs to 135 countries and 40 territories.

AUSTRALIA

BRAZIL

CANADA

UK

USA

OUR TEAMSTEVE OSBORNEManaging Director, Construction and Surety

Steve leads our Construction and Surety team in Australia. He has structured and negotiated performance and security obligations for top, middle and lower tier construction and infrastructure contractors across the Asia Pacific region. With over 30 years’ experience in the Insurance, Risk Management and Finance industries, Steve’s extensive corporate network paves the way for Principals and Contractors to accept Surety as a core function of their project financing packages.

T: +61 2 9290 8063 E: [email protected]

RACHEL SALTON Divisional Manager, Surety

Rachel is a Surety specialist and former treasury analyst for a tier 1 contractor. She joined JLT in 2015. Rachel previously managed >AU$1bn of contract security and arranged issuance of >700 unconditional undertakings in Australia, New Zealand and Asia. Rachel’s extensive experience allows her to understand the end to end process of contract security management. Her advice includes a strategic review of bond registers, bonding procedures & reporting, and facility forecasting methodologies; as well as ongoing risk analysis of bond wording and contract security clauses.

T: +61 2 9290 8151 E: [email protected]

VIVIAN SHUISurety Account Manager

Vivian has over 7 years’ experience as a Surety Analyst/Administrator. Vivian also has over 15 years’ experience as an Executive Assistant to senior leaders of global companies. She actively manages Surety Facilities to ensure clients bond requests are processed, issued and delivered without delay. Vivian also actively monitors the trend of returning overdue bonds to ensure cost savings for clients and capacity usage.

T: +61 2 9290 8139 E: [email protected]

LOCAL EXPERIENCEExamples of where we have arranged Surety Bonds:

Page 4: JLT Surety and Bonds Practice

SURETY BONDdef. A financial instrument from an Insurance Company issued on behalf of a Contractor undertaking to pay a maximum specified sum to a Beneficiary if the Contractor fails to meet an obligation.

eg. The Contractor defaults under the contract or becomes insolvent.

ABOUT JLTJLT is one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. Our client proposition is built upon our deep specialist knowledge, client advocacy, tailored advice and service excellence. Together, we place our clients first, champion independent thinking and expect to be judged on the results we deliver.

JLT owns offices in 40 territories with some 10,777 employees, supported by the JLT International Network, enabling us to offer risk management and employee benefit solutions in 135 countries.

Page 5: JLT Surety and Bonds Practice

7030/GB

RACHEL SALTON Divisional Manager - Surety T: +61 2 9290 8151 M: +61 449 002 329 E: [email protected]

GAVIN S BROWN Board of Advice T: +61 8 9426 0981 M: +61 419 919 394 E: [email protected]

Jardine Lloyd Thompson Pty Ltd ABN 69 009 098 864 AFS Licence 226827 Level 11, 66 Clarence Street, Sydney NSW 2000 T: +61 2 9290 8000

www.jlta.com.au