Credit & Political Risk

We are a recognised leader in the credit and political risk insurance market, offering products to a variety of corporate, banking and trading clients.

Our experienced team underwrites all types of political risk and credit business, with a focus on commodity trade finance, and longer-term export finance.

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Richard Lamb

Unit Head, Credit and Political Risk

+44-207-050-9484

 
Highlights
  • $50 million maximum line size for political risks
  • $30 million maximum line size for credit risks
  • Maximum Policy Period 15 years for political risks and 12 years for credit risks
Products & Capabilities

Contract risks

  • Non-Payment
  • Non-Delivery
  • Non-Honouring of Letters of Credit
  • Exchange Transfer and Currencies Inconvertibility
  • Embargo and Licence cancellation
  • Contract repudiation
  • Force Majeure
  • Refusal to perform contractual obligations
  • Refusal to honour arbitration awards or court judgments
  • Unfair calling/fair call for political reasons of on demand bonds
  • Private buyer insolvency and protracted default

Political risks

  • Confiscation
  • Expropriation
  • Nationalisation and Deprivation
  • Selective Discrimination
  • Forced Divestiture
  • Forced Abandonment
  • Aircraft Repossession (under confiscation)

Physical damage

  • Physical damage or destruction of property due to war, strikes, riot and civil commotion

Target Clients

  • Financial Institutions
  • Export Credit Agencies
  • Multilateral organisations/Development Finance Institutions
  • Commodity traders
  • Exporters