Curator Bonds cover for attorneys, accountants and liquidators

Shackleton Risk Management with experience in the insurance guarantee market has targeted the Curator Bonding Market. Many Curators battle to find capacity in the local market for bonds of this nature, but SRM in conjunction with Safire are able to provide attorneys, accountants and liquidatorscover for bonds of any size.

There are two different types of Curator bonds that Shackleton Risk Management are able to place:

Curator Bonis Bonds issued in terms of The Prevention of Organised Crime Act

With Curator appointments becoming more frequent in our Courts and the effectiveness of the Scorpions Crime Unit, Shackleton Risk Management has experience demand for this product.

Typically these bonds are issued in favour of the Master of the High Court to guarantee the obligations of a person appointed to hold the assets of another, until such time as the High Court has made a final ruling that these assets are to be forfeited to the State. The persons affected by such a court order are criminals who have acquired such assets through criminal activity.

Curator Bonis Bonds relating to an incapacitated person’s estate

These Curator Bonds are required by a person appointed to administer the estate of an incapacitated person who is unable to manage his/her assets, or the estate of a minor who has come into an inheritance and is not yet of an age to manage his/her assets. Shackleton Risk Management is able to provide cover for curators appointed to handle the estates of incapacitated persons, if these curators are attorneys, accountants or liquidators.