We cover financial losses as a result of non-payment or performance of Insureds’ counterparties and, confiscation, expropriation, nationalisation, deprivation, sequestration or forced abandonment of fixed and mobile assets in foreign countries.

Our underwriters are integrally supported by a dedicated credit and country risk analysis team, further augmented by a broad external panel of forecasting and data providers. In addition, the team are underpinned by a dedicated claims expert.

Non-payment or non-performance by:

• Private or publicly listed entities (Credit (“CR”)), or
• Sovereigns or State-owned entities (Contract Frustration (“CF”))

These coverages can accommodate a wide range of financial structures from pure corporate loans, asset-backed and project finance to export contracts including contractual bonds, payment guarantees or letters of credit.

In addition, Political risks (“PRI” or “CEN”) impacting the Insured’s ownership of a foreign asset or lending to a foreign entity, which can include:

• Confiscation, expropriation, nationalisation
• Seizure of assets
• Political violence (including war, civil war, terrorism, civil disturbance) embargoes
• Breach of contract
• Currency inconvertibility and exchange transfer