Surety guarantee provider Bonded Global Australia Pty Limited expands its business offering to New Zealand with the exclusive backing of Tokio Marine & Nichido Fire Insurance Co. Ltd.

Tokio Marine & Nichido Fire Insurance Co. Ltd. is rated A+ by Standard and Poor’s rating agency.

The business opportunity will assist the small to medium sized construction industry businesses with access to non-bank Surety guarantees without the need for cash collateral.

The effect of this launch will create huge opportunities for the New Zealand construction industry to use their capital more wisely and not have cash tied up in performance or retention guarantees.