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feb 5, 2003

Alliance Assurance is pleased to announce that Orleans Bonding is now licensed in New Brunswick and we have entered into an MGA relationship with them. Orleans specializes in Bid Bonds, L&M Payment Bonds and Performance Bonds for small to medium sized contractors.

As former contractors operate Orleans Bonding, they understand the contracting business. They understand the difficulty in obtaining bonds and work with contractors’ business plan to secure bonds. This differentiates them from other bonding companies as they do not rely on specific criteria. They instead operate on an individual basis and each request is assessed on its merit.

As a broker with extensive experience in bonding, we are available to work with your bonding clients directly or with you through your brokerage. Different commission rates would apply depending on the method chosen.

We will be contacting contractors directly to advise them that we will work with them or through their existing brokers.

If you require more information on Orleans, please contact Denis Durepos at 1-888-525-4268.

For your information, we are attaching a brief summary on Orleans Bonding.
They are on the web at http://www.orleans-assurance.com/.

Alliance Assurance is also on the web at www.alliance-assurance.com.

Best regards,

Denis Durepos
Broker
Alliance Assurance


For more information:
Denis Durepos
VP - Operations
Alliance Assurance Inc.
Grand Falls  NB      E3Z 2J9
Tel: (506) 473-9258               e-mail: denis@alliance-assurance.com






Our MISSION makes its trademark

Orleans wants to allow a group of small and medium-sized enterprises to continue their development while creating jobs and having easy and direct access to a scope of surety products by intermediary of an insurance company. We most value credibility, integrity as well as acting into a partnership with our clients as a genuine business partner conscious about the realities of the market in which they are operating.

Our EXPERTISE makes its trademark

Orleans is composed of professionals whom knowledgeable in finance, economy, construction, civil engineering, project managing and law. Our multidisciplinary team permits our clients to benefit from a global and specialised vision to a result of offering the best product available on the market. We offer a service exceeding the usual standard of the surety market and it is up to you to make your clients to take advantage of this plus-value.

Our UNDERWRITING METHOD makes its trademark

Our underwriting philosophy is based on a knowledge of the clients’ area of activities and established to respond to their needs. The innovative ideas suggested by our experienced underwriting team permit to your clients to have access to our product.

Our COMMITMENT towards our BROKERS makes its trademark

We treat our brokers as genuine business partners, offering them a personalised and professional service, a continued training program and technical support by the intermediary of our representatives listening to your needs. We want to build with you a solid and harmonious business relationship lasting several years. Not only we are listening to your needs, but we are seeking your precious advice to consistently improve our products as well as our service. Our priority: your client!

Our OWNERSHIP make its trademark

Orleans is fully-owned corporate ownership from Quebec. The decisions are taken in Quebec by the administrators and managers that know the concerns and the needs of the people from here. The members of the running management are also shareholders are investing limitless efforts into the success of Orleans.

For further INFORMATION
dial: (888) 525-4268
Denis Durepos




MAIN ADVANTAGES OF USING A BONDING FACILITY IN COMPARISON TO CERTIFIED CHEQUE:

BONDING FACILITY CERTIFIED CHEQUE
Demonstrated credibility by the confirmation of financial strength from the enterprise.

Possibility of increasing credit facilities granted by the financial institution.

Protection against unwarranted claim: In such case the surety evaluates the version of both parties before taking a position and acting as a mediator.

In a case of unwarranted claim against the contractor, the surety will seek an advantageous and economic solution for its client.

Important leverage effect: for an amount of guaranty equal to the one given to the financial institution, the contractor could realise more contracts.

The funds affected to the certified cheques will reduce your available operating credit to the enterprise.

Form of irrevocable and unconditional guaranty which by the obligee could call at any time.

As long as the certified cheque is not returned to the financial institution, this one could not be available to the contractor for completion of other contracts.

 

Our PRODUCTS

Surety bonds License bonds  

§ General and specialised
      contractor

§ Snow removal

§ Household garbage
      transport

§ Cleaning

§ Security agency

§ Computer services

§ Others

§ Security and investigation
      agency

§ Travel agency

§ Quarries and sand pit

§ Driving schools

§ Private or professional
      school

§ Lottery

§ Quality of environment

§ Consumer’s protection act

§ Contractor’s licence

§ S.A.A.Q.

§ Health studio

§ Others





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