Howden, the new name for Surety Bonds

We are pleased to announce that Coversure Ltd t/a Surety Bonds is now part of Howden Ireland 

Coversure Ltd t/a Surety Bonds was acquired by Howden Insurance (Ireland) Limited in February 2024. As a result of this, Surety Bonds became a trading name of Howden on 1 October 2024.  

What does this mean for you?  

If you are an existing client of Surety Bonds, your point of contact will remain the same. We have worked hard to ensure the transition to Howden is as smooth as possible for you, and that you continue to receive the high standards of service you have come to expect. Surety Bonds phone numbers remain unchanged. And while email addresses ([email protected]) are being updated, the current ones continue to be effective. 

Added expertise and benefits 

Our Guarantee Bonds team can help direct clients to maximise their bonding capacity. By understanding your clients’ business and what they are trying to achieve, we can support in providing more context that can be presented to the underwriters. At Howden, we carry out full credit checks and present credit risk profiles on behalf of your clients. We can also assess the financial capacity, the capability and character of your client's company. This enables our experts to present the case in a way the underwriter wants to see it, saving valuable time for your client. 

Surety bonds for different industries

• Aviation industry: If maintenance reserves are either not collected, subject to a redelivery payment scheme, or are under-funded, then the lessor will be subject to maintenance exposure. In monetary terms, maintenance exposure equals the value of maintenance utility consumed less the value of maintenance reserves collected at a particular point in time, an aviation maintenance bond would mitigate the exposure for the lessor where funds have not been paid or are were under-funded. 

• Construction industry: As the only specialist surety bond intermediary in Ireland, we work closely with our construction clients both directly and indirectly, through their insurance brokers. We provide independent and objective advice to find solutions that deliver optimum results for our construction clients, every time. So whether you are a main contractor tendering for a project, or a developer working with a local authority, we have expert knowledge of the surety bonds that you will require.  

• Drinks industry: We provide essential financial security for the drinks industry, including distilleries, breweries, and distributors, through tax warehouse bonds and duty deferment bonds. These bonds ensure compliance with stringent Revenue regulations and help avoid operational delays and fines. With extensive industry knowledge, we offers timely and effective bonding solutions. 

• Energy industry: The transition to a low-carbon energy sector is accelerating, with renewable sources like wind, solar, and biomass playing key roles. To mitigate investor risk in this high-investment sector, various surety bonds such as performance bonds and environmental protection bonds are used. These bonds provide security for developers and funders, ensuring project stability and financial protection. 

• EPA Waste industry: We provide essential financial security for the EPA and waste industry, ensuring compliance with environmental regulations. Bonds such as EPA approved on-demand bonds and transfrontier shipment of waste bonds help to manage environmental risks and prevent pollution. With extensive experience, we facilitate the bonding process efficiently for their clients. 

• Logistics industry: We support the logistics industry by providing essential financial security through customs bonded warehouse bonds and duty deferment guarantees. These bonds ensure compliance with revenue & customs regulations, allowing logistics companies to manage dutiable goods efficiently. With extensive expertise, we offer timely solutions to meet bonding requirements.