Capital Risk Solutions

We are a leading underwriter of credit risk and political risk protection to commercial banks, multilateral agencies and export credit agencies, with a primary focus on loan non-payment coverage of project finance, aircraft finance and structured credit.  

We are also a member of the Aircraft Finance Insurance Consortium (AFIC) which provides a unique non-payment insurance product designed for banks and investors funding the purchase of new Boeing commercial aircraft.

We cover many industry sectors in both developed and emerging market countries.  We act as a long-term silent risk sharing partner, specialising in tailored insurance/risk transfer instruments.

Contact an AXIS executive

  • Michael Silas

    Global Head, Capital Risk Solutions

    +44-207-847-3489

    Send Email

  • Mark Harwood

    Lead Underwriter, Capital Risk Solutions

    +44-207-877-3887

    Send Email

  • Richard Jelf

    Vice President

    +65-6579-0264

    Send Email

  • Jim Parker

    VP, Capital Risk Solutions

    +1-441-405-2645

    Send Email

Highlights
  • Experienced global team located in London, Singapore and Bermuda, broken down into underwriting/distribution, portfolio management (due diligence, credit analysis, macro analysis and monitoring) and legal
  • Highly customized credit and risk transfer solutions via non-payment insurance and unfunded risk participation agreements (RPA)
  • Capacity up to U.S. $50 million per transaction
  • Flexible long-term non-cancellable tenors up to 15 years with the ability to go beyond for selective transactions
  • Coverage backed by the exceptional financial strength and solid claims-paying ability of the AXIS insurance companies rated A+ (Strong) by S&P and A+ (Superior) by A.M. Best
Product Benefits
  • Alternative Risk Sharing Distribution beyond traditional Bank/Investor Syndication Markets
  • BaseI III compliant comprehensive Credit Protection provides capital relief for counterparties helping to improve their RoRWA
  • Allows counterparties to increase deal participation and transaction relevance
  • Provides an exact Hedge for an Illiquid Obligor or a highly structured product as our insurance contract/RPA references the loan and its exact exposure hence no basis risk unlike CDS
  • Mitigates Sector, Obligor or Country Concentration Limits
  • Single Transaction or Portfolio Coverage
  • Claim Payment acceleration following Loan acceleration
  • Provides Counterparties administrative flexibility in dealing with Amendments, Consents and Waivers
Target Project Finance Sectors
  • Power
  • Renewable Energy
  • Infrastructure
  • Oil & Gas
  • Metals & Mining
  • Transportation
  • Public-Private Partnerships (PPPs)
Other Target Business Considered
  • Sovereign Default (Loans and Bonds)
  • Corporate Credit Default (Loans and Bonds)
  • Bank-to-Bank loans, particularly Future Flows Diversified Payment Rights
  • Structured Trade Finance and Pre-Export Finance
  • Reserved Based Lending
  • Leveraged/Acquisition Financing
  • Loan Protection can be extended to include Swap Close-Out/Early Termination amounts of related Hedges
  • Selective appetite for Political Risk events, including Expropriation and Currency Inconvertibility/Non-Transfer