Background

The Bureau of the Fiscal Service is responsible for administering the surety bond program for the federal government under 31 U.S.C. 9304-9308. Companies who wish to directly write federal bonds or reinsure federal bonds - or be recognized as an Admitted Reinsurer for the companies writing or reinsuring federal bonds - must make an application to Fiscal Service to be certified.

Companies' applications are reviewed thoroughly to ensure that financially sound companies get Treasury recognition. It's the responsibility of the Fiscal Service to continually review and monitor the financial status of companies to be approved in all the categories listed above. Companies who write or reinsure federal bonds are published in the Circular 570 list of acceptable surety companies every August 1.

Treasury does not include companies recognized as admitted reinsurers on the Circular 570 because admitted reinsurers cannot directly write a federal bond, nor reinsure an excess risk running to the United States. Instead, the Fiscal Service publishes a separate list of Admitted Reinsurers (including Pools and Associations or Lloyds' of London Syndicates) every November 1st.  Listings for Complementary Reinsurers and Alien Reinsurers will be published annually starting November 1, 2024.