Leading guarantee and bond specialists across Sub-Saharan Africa

We’re experts in developing flexible, comprehensive guarantee and bond solutions.

Originally established as a construction guarantee company more than 20 years ago, PCBS has grown into a trusted provider of guarantees and bonds across a range of specialist insurance sectors, including trade, fuel and fiduciary services.

Whether you’re managing construction risks, importing goods into the country or administering an estate or trust, our team has the experience and knowledge to guide you through how to financially protect the process.

Our hands-on approach sets us apart. We don’t just process paperwork – we travel across cities and provinces to meet our clients, build strong relationships and truly understand your challenges. This allows us to craft risk-management solutions that precisely align with your needs.

After decades in the industry, we’re known for our exceptional customer service, tailored solutions, fast turnaround times and low-claims-ratio track record.

Partner with us for your guarantees and bonds, and let us help you win tenders, mitigate risks, fulfil your fiduciary duties and complete your projects with confidence.

Licensed and trusted

We are a Licenced Financial Services Provider (FSP 47996) and an Authorised Underwriting Manager for Bryte Insurance Company Ltd, part of Fairfax Financial Holdings Ltd in Canada.

Customised solutions

We specialise in creating guarantee and surety facilities tailored to each project’s and client’s requirements.

Vast reach

We partner with reputable insurers across Sub-Saharan Africa to support South African contractors undertaking projects in these regions.

Reliable partners

Our reinsurers have financial strength and A ratings, giving you confidence in the stability of our solutions and claims-paying ability.

Diverse client base

We work with clients ranging from small businesses to multinational corporations. Our structured facilities assist contractors, engineering companies, logistics companies, project managers, freight forwarders, estate executors and manufacturers.

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TIMELINE

Innovation and Agility have been fundamental to our business from the start.

Over the years, we’ve built ourselves into a company that anticipates market shifts and continually adapts our underwriting strategy to meet emerging needs.

2005

PCBS starts. Founder Lukas Marquart sees a gap in the market for a construction guarantee company, as only banks and one other business offer this specialist service.

2007

Guardrisk Insurance Company Ltd invites us to underwrite for them in a cell-captive environment.

2009

We experience rapid growth during the World Cup-triggered construction industry boom.

2010

We’re hit by major claims for the first time. These are related to failed power plant projects.

2012

We pay out big claims related to liquidations during the aftermath of the World Cup’s building frenzy.

2013

A turning point after the past few years’ losses. We re-evaluate and revolutionise our underwriting philosophy to future-proof our product offering.

2019

We start underwriting for Bryte Insurance Company Ltd.

2023

We expand our product line to include Court Bonds after being approached to underwrite these on behalf of a specialist insurance intermediary.

2024

We reach critical mass, with an amazing increase in guarantee and bond volume from 2019 to 2024. This growth is largely thanks to our dedicated team and strong broker partnerships.

2025

We celebrate our 20th anniversary as one of Africa’s leading guarantee and bond specialists with among the lowest claim ratios in the market. We are also recognised by Bryte Insurance Company Ltd for Best Year on Year Growth (3rd Place)

2026

We host our first reinsurance forum, bringing together leaders from across the global reinsurance community. This is the start of a new tradition where informed discussion, discovery and connection meet in an unforgettable setting. 

VALUES

Everything we do is guided by our clients’ needs.

Expertise, innovation and transparency ensure we deliver custom-designed solutions
that match the risk profiles of niche industries.

Expertise

We bring deep knowledge and insights to every project. Our decades of experience and understanding of specialist insurance’s inherent complexities shape our decisions.

Innovation

We’re dynamic! Our creative, tight-knit team and flat organisational structure make us approachable and help us adapt quickly to meet our clients' evolving needs.

Transparency

Clear, honest communication is the foundation of our long-lasting relationships. We empower clients to make informed decisions by openly discussing our guarantees and bonds.

Lukas Marquart

Director

BCom (Economics); RE5

Tunga Changamire

Claims & Risk Management Executive

BCom Hons (Finance); Certificate in Advanced Risk Management

Honest Chikeya

Head of Underwriting & Reinsurance

BCom Hons (Risk Management and Insurance) Fellow of the Insurance Institute of South Africa (FIISA); member of The Institute of Risk Management of South Africa (IRMSA)

Shaun Lavery

Executive Underwriter

BCom (Financial Management); BCom Hons (Strategic Management); RE5

Joey Peterson

Marketing & Underwriting Manager: Coastal Regions

COP (Short-Term Insurance); RE5

Khuselo Johnson Mbatyazwa

Underwriter

RE5

Shaina Mower

Underwriter

Higher Cert (Financial Planning); RE5

Beauty Khuzwayo

Underwriter

Dip (Credit Management); RE5

Bonga Somhlahlo

Executive Underwriter

BTech (Quantity Surveying); RE5 

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Lukas Marquart

Director

BCom (Economics); RE5  

Lukas is the founding member and driving force behind our company, with a career consistently placing him at the forefront of specialist insurance. As a pioneer in the alternative risk transfer niche, he has been instrumental in shaping the local credit and surety sector. Lukas’s comprehensive understanding of global finance and reinsurance extends across European and African markets. Before starting PCBS, he held senior roles at Swiss Re in Zurich and South Africa and served as General Manager Of Credit at Lombard Insurance.

Away from the office… Lukas enjoys exploring new countries, hiking adventures with his young son and challenging himself to set personal records in the gym or on trail runs.

Beauty Khuzwayo

Underwriter

Dip (Credit Management); RE5 

Beauty brings over a decade of experience in insurance, critical-thinking skills, thoroughness and a love for problem-solving to our team. She joined PCBS in 2023, following a rewarding career at Credit Guarantee Insurance Corporation of Africa Limited, where she most recently held the position of Senior Business Development Consultant. Her career spans many years and various roles in client servicing, during which time she cultivated patience, excellent interpersonal skills and a client-first mindset.  

Away from the office… Beauty balances her high-pressure working life with time outdoors. She feels most calm and free when surrounded by nature.  

Tunga Changamire

Claims & Risk Management Executive

BCom Hons (Finance); Certificate in Advanced Risk Management  

A certified Rescue Analyst, Tunga brings extensive experience in business rehabilitation to his role in managing claims and risk for our company. Since joining us in 2010, he has drawn on his deep expertise to address complex challenges and deliver effective solutions. Before this, Tunga held senior positions in finance and accounting, including roles at Maxim Employee Benefits. Tunga’s ability to proactively identify risks and implement strategic mitigation measures ensures our clients stay well protected.  

Away from the office… Tunga likes pushing his physical limits on the treadmill or in CrossFit class.  

Shaun Lavery

Executive Underwriter

BCom (Financial Management); BCom Hons (Strategic Management); RE5 

Shaun joined PCBS in 2023, with over a decade’s experience in managerial positions at some of South Africa’s top insurance companies. His previous roles include Senior Underwriter at Lombard Insurance, Underwriting Manager at Hollard Insurance, and Business Development Manager/Client Executive at Marsh, where he developed a reputation for excellence in underwriting and client relationship management. With his upbeat personality, infectious enthusiasm, approachability and dedication to client engagement, Shaun is instantly likable and easily builds lasting connections.  

Away from the office… Shaun enjoys unwinding on the golf course, catching up with old friends and giving back through volunteer work at his local church.  

Honest Chikeya

Head of Underwriting & Reinsurance

BCom Hons (Risk Management and Insurance)  

Fellow of the Insurance Institute of South Africa (FIISA); member of The Institute of Risk Management of South Africa (IRMSA) 

Honest has been a key member of our team since 2007, currently leading our underwriting and reinsurance with insight and precision. With a career spanning over two decades, he has established an impressive track record in the construction surety bond and guarantees market. Honest’s strong client focus, attentive service, clear communication, and knack for creating synergies set him apart in the industry.  

Away from the office… Honest thrives while tackling challenges on the soccer field or testing his strategic thinking behind a chessboard. 

Shaina Mower

Underwriter

Higher Cert (Financial Planning); RE5 

Shaina adds energy and a creative spirit to our underwriting team as the youngest member. A passion for the industry runs in her family – she comes from a long line of insurers and underwriters. From her first day at PCBS in 2021, Shaina has taken full advantage of mentorship opportunities from her more experienced colleagues, quickly developing a strong and versatile skill set. She now shares her knowledge and insights with new underwriters as head of our training programme. The competencies Shaina developed at PCBS add to her six years of experience as a Financial Adviser’s Assistant at Momentum Consult.  

Away from the office… When she’s not nurturing budding underwriters, reviewing guarantees or guiding clients, Shaina is likely losing herself in the pages of a fantasy novel.  

Joey Peterson

Marketing & Underwriting Manager: Coastal Regions

COP (Short-Term Insurance); RE5 

With decades of experience in banking and insurance, Joey joined PCBS in 2016 and heads up our KwaZulu-Natal branch. One of her career highlights is successfully launching Renasa Insurance Company’s countrywide guarantee division, a milestone that helped position her as an industry innovator. She now channels her specialist knowledge, flair for building relationships and relentless drive into providing personalised solutions for our coastal clients.  

Away from the office… Joey stays fit on beach walks and parkruns and visits must-see destinations from her travel bucket list.  

Khuselo Johnson Mbatyazwa

Underwriter

RE5 

Khuselo’s underwriting career began in 2012 at PCBS, where he got hands-on training while completing his regulatory examinations for financial services. As he’s grown with our company, he’s become known for his quick turnaround times and staying calm under pressure. His eagerness to tackle challenges and commitment to providing reliable advice have also earned him clients’ trust and numerous referrals.  

Away from the office… Khuselo’s family and country are closest to his heart. He is happiest when he’s discovering beautiful parts of South Africa, exploring Joburg’s shopping malls with his kids or visiting his parents in the Eastern Cape.  

Bonga Somhlahlo

Executive Underwriter

BTech (Quantity Surveying); RE5 

Bonga joined our team in 2025, bringing with him a strong blend of technical expertise and financial acumen. Drawing on his solid background in quantity surveying, project management and guarantee underwriting, Bonga takes a comprehensive and layered approach to his role at PCBS. His previous positions as a Senior Underwriter at Santam Guarantees and Portfolio Manager at Guardrisk Guarantees sharpened his skills in risk assessment, client relationship management and strategic project oversight within the guarantees sector. Bonga also has hands-on experience in the construction industry, giving him a practical edge, meticulous eye for detail and deep understanding of cost-effective, well-managed solutions. He has contributed to several successful international projects – both within construction and in the guarantees space.

Away from the office… Bonga enjoys practising his golf swing and connecting with like-minded people on the course. He also values quality time with family and friends, especially when it involves a good braai.

011 482 2592 info@pcbs.co.za Contact us