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Depending on your needs, our surety services may include an in-depth review of your business, a narrative write-up, underwriter meetings, program negotiation and ongoing client relationship building with the surety underwriter. Our goal is to ensure clear, candid and frequent communication between all parties in order to deliver maximum surety capacity and service without any surprises.

Types of Bonds Written

Businesses use surety bonds for a variety of reasons, which include meeting government requirements or guaranteeing obligations between private parties. Normally, each surety bond includes a financial or performance guarantee, or both. Oswald is a full-service surety broker offering of a complete complement of surety bonds in the following categories.

  • Construction Bonds and Contract Bonds: These include bid, performance, payment and maintenance bonds.
  • Commercial & Court Bonds: These include appeal, supersedes, court, bank depositor, customs, license, permit, lien, reclamation, tax, subdivision, supply, utility, wage & welfare, self-insured bonds and many more.
  • Fiduciary & Probate Bonds: These include guardian, conservator, administrator, executor, receiver and trustee bonds.

Our Team

We are members of the National Association of Surety Bond Producers (NASBP) and we excel in our ability to solve problems when others cannot. Oswald’s surety staff is highly qualified with more than 90 years of combined underwriting experience on both the insurance company and agency sides of the business.

We provide worldwide service capability through our Assurex Global partners. Dedicated to the values of trust, commitment and professionalism in all that we do, we serve our clients with seasoned surety professionals who provide the right solutions to fit our clients’ needs.

A Strategy for Surety Success

Using our extensive surety experience, we are happy to perform a comprehensive assessment of your needs and offer you the best available strategic advice on the direction and placement of your surety program.

With access to all major surety companies and worldwide service capability, we encourage you to contact us today to see how we may improve your surety program.

Mark RaderMark L. Rader, VP & Surety Practice Leader at Oswald Companies, brings 30 years of surety industry experience to solve your most complex and demanding bonding issues. Mark is a recognized advisor who identifies the ways to solve bonding problems that fit your needs.

Mark L. Rader
Vice President, Surety Practice Leader
Direct: 216.367.8082

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Oswald Companies and Nirvana Surety Bond Solutions

Liquidity and deposit solutions for FDIC-insured accounts

Oswald Companies and Nirvana Surety Solutions provide a preferred depositor Bond program for commercial banks. Depositor bonds are issued by the nation’s largest, most highly rated insurance carriers, and allow banks to offer deposit insurance protection in excess of Federal Deposit Insurance Corporation (FDIC) coverage to their most valued public and private entity clients. The ability to offer this protection allows banks to attract and retain their most valued customers, while also releasing pledged collateral to fund the bank’s investment and loan portfolios.

The Benefits of Oswald & Nirvana Surety Solutions

  • Streamlined application and underwriting process handled by experienced financial institution underwriters.
  • Banks may choose the limits and specific customers they want to protect and attract larger deposits.
  • Coverage is available for a single depositor, scheduled individual depositors, or a specific group and complies with state regulations.
  • Avoid pledging securities to secure deposits and ease administrative time and resources.
  • Cost effective alternative to free up Tier I capital.
  • Research on State specific requirements.
  • Oswald has been a leader in providing a variety of surety bonds and insurance products since 1893.
  • Nirvana has been a leader in the public deposit sector over the past decade.

Contact: Oswald Companies Vice President, Surety Practice Leader, Mark L. Rader Direct: 216.367.8082. | Nirvana Surety Solutions Principal Quentin L. McCorvey Sr. Direct: 216.288.9737 or visit: www.depositorbonds.com

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