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Chris Tata

Chris Tata

Head of Commercial Surety at Travelers, surety industry executive and podcast guest.

Jul 14, 2026

speaker_1NARRATOR
11:56
Right.
11:57
And so...
11:58
in the out year, and that could be a 10 to 15 year obligation, right? So in the out years, when it's backed by a lease from some of the hyperscalers, that's probably a pretty good risk, right? That's double A credit on that.
12:13
But in the early years, before those leases are signed, what's the risk associated with that? I think that's what every, well, That's at least what travelers, what we're trying to get our arms around and how do we think about that? And then the shared surety component on top of that, right? I mean, on a billion and a half dollar kind of payment guarantee, you may need seven, eight different markets on that.
12:36
And how does that work? And there's been some challenges with some shared surety structures, like particularly in oil and gas, when you know one of the pieces of the jenga tower came out and

13 MINS LATER

25:24
And that's extremely important.
25:26
Yeah, I think on the commercial front, right, you've seen an increase in what I'll just call like financial guarantee type obligations.
25:34
Yeah.

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