Building on our team’s solid track record in political and credit risk underwriting, 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.

We believe this combination ensures that we truly understand our clients’ risks and thus can effectively manage their needs and our portfolio within a constantly changing political and economic global environment.

Given the intricacies of client’s risks and the potential complexities of coverage, we generally work with clients via the market’s specialist Political & Credit Risk Broking teams to ensure coverage is correctly tailored to the clients needs.

We are well practiced in working completely remotely with our brokers and clients and transact electronically via various market e-trading platforms.

• Non-payment or non-performance by State/State-owned entities (Contract Frustration (“CF”))
• Non-payment or non-performance by private sector entities (Credit (“CR”))

(These coverages can accommodate a wide variety of financial structures impacted by the above from pure corporate loans to export contracts including contractual bonds. payment guarantees or letters of credit).

• 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 (incl. war , civil war, terrorism, civil disturbance) embargoes
  • Breach of contract
  • Currency inconvertibility and exchange transfer