Avalon acts as the Managing General Agent for our Surety and Cargo Insurance programs, which provides us with the authority to manage all underwriting and claims activity. We are responsible for literally every aspect of underwriting for all Bonds, riders and Cargo Insurance transactions written under our program.
We extend underwriting authority to our logistics partners based on their knowledge, expertise and loss history. Our objective is to take an informed approach to underwriting, and our clients are a critical part of this process. When our customs broker clients provide their importers with Customs bonds, for example, we evaluate their relationship with their customs broker, entry liquidation history and expected activity in future bond periods as part of our underwriting process. We also have access to multiple sureties which allows us to underwrite large bond risks.
With regional branches located across North America, we are able to respond promptly with approval.