Surety One, Inc. Specialty surety underwriter for reclamation, plugging, mining & environmental bonds
About Us

An underwriter for long-tail obligations.

ReclamationBonds.com is a specialty surety underwriter founded in 2003, focused on bonds that other markets find difficult: reclamation, plugging, surface management, environmental remediation, and other long-tail obligations that demand more than a credit decision.

What we believe

Reclamation surety is, fundamentally, a bet on operational competence over twenty years. A clean credit profile today does not mean a site will be reclaimed on schedule in 2046. The opposite is also true — a leveraged operator with a disciplined plan and a clean compliance record is frequently a better bond risk than a well-capitalized newcomer.

We underwrite accordingly. We read the reclamation plan, talk to the regulator when appropriate, and structure terms that reflect the actual risk — not the risk an algorithm would assign.

What we do

  • Reclamation surety for surface mining, hard-rock, sand and gravel, quarry, and aggregate operators in every U.S. state.
  • Plugging and abandonment surety for upstream oil and gas operators, blanket and single-well, in every producing basin.
  • Coal SMCRA bonds for permit areas under state and federal programs.
  • BLM lease, exploration, statewide, nationwide, solid mineral, and surface management bonds.
  • Court-ordered and consent-decree environmental remediation surety.

How we work

Every submission is reviewed by a senior underwriter. There is no triage desk and no automated decline. We will tell you, in writing and quickly, whether the bond can be written and on what terms — even when the answer is one we know the principal does not want to hear.

Petroleum, coal, quarries, sand and gravel pits — we can offer terms for all. C. Constantin Poindexter, Founder

The underwriting team

Chief Underwriter

Sharon M. Poindexter

Chief Underwriter. Oversees underwriting authority across the reclamation, plugging, mining, and environmental portfolios.

Senior Commercial U/W

Savannah “Anna” Price

Senior commercial underwriter handling reclamation and large-line commercial surety from the Raleigh office.

Senior Commercial U/W

Jerry Gee

Senior commercial underwriter. Handles reclamation, plugging, and environmental surety submissions across the U.S.

Premium Accounting SVP

Kenia Marcelino

Senior vice president, premium accounting. Owns the back office that keeps multi-year reclamation premium clean.

Offices

Raleigh, North Carolina. Home office for U.S. underwriting and accounting.
5 W. Hargett Street, 4th Floor, Raleigh, NC 27601.
Mailing: P.O. Box 37284, Raleigh, NC 27627. (800) 373-2804.

San Juan, Puerto Rico. Bilingual underwriting and Caribbean / Latin American operations.
404 Ave. de la Constitución, Suite 708, San Juan, PR 00901.
Mailing: P.O. Box 16451, San Juan, PR 00908. (787) 333-0222.

Licensing and paper

ReclamationBonds.com is a licensed surety producer in all fifty U.S. states, the District of Columbia, and Puerto Rico. Bonds are issued on Treasury-listed surety paper from one or more of our markets, selected on a per-obligation basis to match the obligee's qualification requirements and the size of the bond.