International surety: the structure matters as much as the risk
Why appetite, issuer authority, bond wording and reinsurance participation must be analysed as separate parts of an international placement.
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International surety · Cayman Islands
Strength behind
complex risk.
A specialist insurance platform for surety and commercial obligations, combining disciplined underwriting with legally compliant access to international markets.
Licensed by the Cayman Islands Monetary Authority as a Class B(iii) insurer.
01
Specialist surety focus
02
International risk analysis
03
Partner-led local access
04
Disciplined underwriting
Built for meaningful obligations
Surety built around the real obligation.
Titanium is a Cayman Islands-based specialty insurer with surety at the centre of its proposition.
We consider the applicant, contract, wording and legally compliant route to issuance as one connected decision—working with approved local insurers and reinsurance partners where the market requires it.
How we underwriteSurety solutions
Core surety solutions.
The instrument, wording and commercial purpose are considered together.
01Performance bondsSupport for contractual performance obligations on construction, engineering, infrastructure and other project-led contracts.02Advance payment guaranteesProtection for advance funds paid to a contractor or supplier before the corresponding work, equipment or materials are delivered.03Bid / tender bondsSecurity for a bidder's obligation to keep its offer open, execute the contract and provide required post-award security.04Retention bondsAn alternative to cash retention, supporting the contractor's obligations while allowing certified funds to be released.
Cayman Islands
Latin America
Africa
Appetite & jurisdictions
International ambition. Local discipline.
Risk appetite and authority to issue are separate questions.
Opportunities in Latin America, Africa and other international markets may be considered through appropriately regulated local issuance and approved risk-transfer structures where required.
- Project, infrastructure and commercial obligations
- Partner-led local access where required
- Country and transaction assessed case by case
Infrastructure & constructionEnergy & powerIndustrials & manufacturingNatural resourcesTransport & logisticsTelecommunications
Review appetite and access model 
Underwriting approach
Decision quality before capacity.
Obligation, applicant, wording and legal route are reviewed as one risk.
- 01 Understand the obligation and downside
- 02 Test financial and operational resilience
- 03 Align issuance, documentation and control
Technical insights
Useful thinking for complex placements.
Advance payment guarantees: underwriting the cash, not just the contract
A practical guide to advance control, amortisation, project cash flow and the wording issues that drive APG exposure.
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Bring us the risk, the structure and the full context.
Our review starts with the underlying obligation, the applicant and the legally compliant route to issuance.
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