Rick is deeply immersed in the surety market, having built his career on a foundation of expertise, client focus, and market insight. After earning a degree in Business and Law, he joined Allianz in 2008 as part of their management trainee scheme, where he gained a strong grounding in financial risk and underwriting.
He spent the next nine years at Allianz, rising to Senior Underwriter and managing the surety needs of over 200 large corporate clients. During this time, Rick recognised a gap in the market for a truly client-first surety brokerage, one that prioritises transparency, efficiency, and optimised bond solutions. This vision led to the creation of PSS in 2017.
Since its inception, PSS has grown steadily, now issuing bonds that cover over £3bn of contracts annually. Rick’s meticulous attention to detail and deep market expertise allow him to optimise bond capacity, minimise costs, and remove the administrative burden from clients. His proactive approach ensures that senior management teams can focus on their business priorities, knowing their surety needs are in expert hands
Winvic Construction Limited
I have known Rick now for many years and have enjoyed friendly, clear, and honest advice regarding our Performance Bond requirements. As our business has grown, PSS have always provided the support to deliver our obligations to our clients. The responses from PSS to our commercial team are always timely and appropriate. Overall, Rick and his team provide a great service.
Chris Allsopp
Commercial Director
Tanro Ltd
Since the inception of our business, Rick has worked closely with us to develop our bond facility from nothing as a startup into a robust facility that allows us to offer bonds for all projects that require them. Rick has consistently been proactive, frequently reviewing our facility with both existing and new sureties, while also being responsive to our evolving needs. We highly recommend Rick and the team at PSS for any bonding requirements.
Sam Harrington
Director
Triton Construction Ltd
We have a enjoyed a long-term strategic relationship with Rick Phillips of Phillips Schoeder, which goes back more than twenty years. Over this period Rick has provided an efficient and cost-effective response to our bonding requirements, and we consider him to be part of our team. He has a good understanding of our business and the surety market, which means we get reliable advice and rapid action when we need it.
Phillips Schoeder have earned themselves and excellent reputation and have gained access to a wide range of providers in their marketplace at excellent rates.
At Triton Constructions, our business is built on strong relationships, and the friendly approachable attitude of Rick, and his team has been a perfect fit for us.
Mike Parkinson
Group Chairman
Getjar Ltd
I have known Rick Phillips professionally for over 12 years and have used Phillips Schroeder Surety since they were formed in 2017. During that time, I have found them to be extremely professional, knowledgeable and understanding of this complex and potentially confusing market. On countless occasions, I have received excellent advice and quick responses to my (often potentially naïve) queries. With their extensive knowledge of the bond market, we have been able to secure appropriate bonds at competitive rates for every situation that has arisen. On occasion, they have also helped with informed advice during negotiations with Clients on appropriate bond wording amendments. I intend to continue our close working relationship and have no hesitation in recommending Phillips Schroeder Surety to others who are looking to get solid, professional advice in the bond market.
Nathan Paskell
Board Director