Liquidation Bonds of Security for Liquidators and Trustees

Shackleton Risk Management, (formerly Court Bond Services), has been placing liquidation bonds of security in KwaZulu-Natal since 1999. Having a number of former liquidation specialists in our management team we know and understand the needs of liquidators and the nature of the industry.

All liquidation bonds are written on Safire Insurance Company Limited, (“Safire”), paper, with Safire being on the Master’s national panel of recognized insurers. Safire issues guarantees totalling billions of Rands annually to leading liquidators around South Africa and have the ability to arrange capacity for even the largest estates in the country.

In underwriting Liquidation Bonds Safire is supported by the global re-insurance market with Munich Re as the Lead Underwriter.

Shackleton Risk Management understands that service delivery time is of the essence, in order to assist liquidators to obtain certificates of appointment immediately. To this end, a Shackleton Risk Management representative in your area will issue and deliver a Bond of Security on the same day on which you have your appointment. In addition, because we have a representative in each region in which an office of the Master of the High Court is situated, there is no need to courier documents around the country.

Automatic Short-Term Insurance Cover

No liquidator welcomes the prospect of uninsured assets vesting in them as liquidator. To this end, Shackleton Risk Management has negotiated short-term cover with Zurich Insurance Company, South Africa. This cover provides liquidators with a policy guaranteeing that Zurich Insurance Company will automatically hold cover in respect of any assets vesting in you for a period of 21 days from the date of your appointment, provided that Safire has issued the Bond of Security.

General Short Term Insurance Cover

Within the aforementioned 21-day period, a Shackleton Risk Management consultant will be available to discuss your short-term insurance requirements and to convert the hold cover policy into a more long-term arrangement at your convenience.

A Shackleton Risk Management broker will make an assessment of the assets forming part of the insolvent estate, delivering a proposal as to what cover is required. All Shackleton Risk Management brokers are FAIS compliant and are therefore most willing and able to offer you the level of professional service that you deserve.

Get a Liquidation Bond of Security from one of our liquidation insurance specialists.