C.A. Shea provides a unique dual role in the world of customs bonds as both a facilitator and as a specialty broker. Our firm’s primary role is to assist brokers with the placement of Customs bonds for accounts whether they are part of a larger surety program or a stand alone submission.
In the case of a stand alone submission, 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 the event the submission is part of a larger surety account, 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:
• Arch Insurance Company
• Argo Surety
• Aspen Insurance
• Berkley Surety Group
• Capitol Insurance Companies
• Chubb Group of Insurance Companies
• CNA Surety
• Hartford Insurance
• The Hanover Insurance Group
• Liberty Mutual
• Nationwide Mutual Insurance Company
• OneBeacon Group
• Philadelphia Insurance Companies
• RLI Insurance Company
• Travelers Surety
• Zurich Surety