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Capacity

$33m

Policy Period:
Out to 10yrs (non-cancellable)

Overview

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.

Parallax Road

our approach

quality service, detailed feedback

Brit’s Political and Credit Risk team prides itself on offering a quality service in timeliness, detailed feedback and claims servicing for the brokers and clients that we support. With a focus on creating a sustainable and diversified portfolio the team’s collegiate and innovative ethos has allowed it to lead, adapt and change with the market and our clients’ needs.

our product offering

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, 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

our product offering

Parallax Walkers In The Snow

Why Brit?

We’re a strong and stable business writing specialist insurance risks for over 20 years.

As the second largest Syndicate at Lloyd’s of London we are a respected leader in our market leading or are an agreement party on 70% of the risks we write.

We benefit from the Lloyd's Chain of Security and credit ratings

Our Team

empowered to innovate, so you don't just survive but thrive

find us, keep us

Download the Brit app to get real time information on where we are and how to find us.

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Jenkins Peter 6903

Peter Jenkins

Head of Political and Credit Risk

Jenkins Peter 6903
Read more

empowered to innovate, so you don't just survive but thrive

find us, keep us

Download the Brit app to get real time information on where we are and how to find us.

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Locations

The Leadenhall Building,
London
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find us, keep us

Download the Brit app to get real time information on where we are and how to find us.

Icon Apple Icon Google

Locations

The Leadenhall Building,
London
View Map

find us, keep us

Download the Brit app to get real time information on where we are and how to find us.

Icon Apple Icon Google