Broadlands Financial Group, LLC

Broadlands Financial Group’s family of companies was founded in 1991. Originally, Broadlands was an internal risk management division of its now sister company, First Sealord Surety, Inc. First Sealord was originally founded as an insurance enterprise to provide contract surety bonds (construction payment and performance guarantees) in the small- to medium-sized niche of the construction marketplace and to provide a high level of customer service through the application of financial underwriting and construction risk management solutions.

The Broadlands division of First Sealord supported the company’s traditional surety underwriting process by providing specialized construction expertise during underwriting, project controls during construction, and workout execution in the event of performance or payment default. The companies’ unique, proactive approach to managing construction risk has consistently led to superior industry results.

In 1998, Sealord was purchased by Zurich Financial Services Group, and operated as an integrated unit of Zurich until 2002. At that point, due to a re-focusing of Zurich’s global business model, management was afforded an opportunity to lead a buyout of Sealord from Zurich. This buyout was completed the following year.

In 2003, management launched the internal construction loss control division into the open marketplace as Broadlands Financial Group, LLC. Broadlands has two subsidiary companies, each providing vital construction and financial controls to lenders, insurance companies, owners and contractors.