What type of business is it good for?

  • Commercial and investment banks
  • Multilateral organizations
  • Export credit agencies
Michael Silas
Global Head, Capital Risk Solutions
Insurance
London, England
michael.silas@axiscapital.commichael.silas@axiscapital.com
Tel +44-207-847-3489Tel +44-207-847-3489
Highly customized credit and risk transfer solutions
/images/default-source/icons/127.svg?sfvrsn=5797852f_6Flexible, non-cancellable tenors up to 15 years or more
/images/default-source/icons/128.svg?sfvrsn=67020ee8_11Aircraft Finance Insurance Consortium member
AXIS Capital Risk Insurance primarily focuses on loan non-payment coverage of project finance, aircraft finance and structured credit. We're a member of the Aircraft Finance Insurance Consortium, which provides a unique non-payment insurance product designed for banks and investors who fund the purchase of new Boeing commercial aircraft. Members of our highly experienced global team can be found in London, Singapore and Bermuda, with specialists in underwriting/distribution, portfolio management and legal. We offer highly customized credit and risk transfer solutions via non-payment insurance and unfunded risk participation agreements (RPA). This alternative risk-sharing distribution goes beyond traditional bank/investor syndication markets to allow counterparties to increase deal participation and transaction relevance. BaseI III compliant comprehensive credit protection provides capital relief for counterparties, helping to improve their return on risk-weighted assets. Our offerings also provide an exact hedge for an illiquid obligor or a highly structured product; our insurance contract/RPA references the loan and its exact exposure, leaving no basis risk. This mitigates sector, obligor or country concentration limits.

Solution

AXIS Non-payment Insurance

Insurance
Circumstances in a borrower's company or country can change. AXIS Non-payment Insurance is designed to protect against the loss of risk capital. Owing to credit and underwriting expertise, as well as a large in-house capacity, we work with wholesale brokers to structure a coverage for a broad range of large-size credit risks. Circumstances in a borrower's company or country can change. AXIS Non-payment Insurance is designed to protect against the loss of risk capital. Owing to credit and underwriting expertise, as well as a large in-house capacity, we work with wholesale brokers to structure a coverage for a broad range of large-size credit risks.

Solution

AXIS Political Risk Insurance

Insurance

Solution

AXIS Unfunded Risk Participation Agreements

Insurance
To help improve their return on risk-weighted assets, organizations may consider our unfunded risk participation agreements. Armed with deep credit analysis and underwriting expertise, our portfolio management team can help evaluate and structure deals in which we take on a portion of the lender's risk in exchange for a share of the fee. To help improve their return on risk-weighted assets, organizations may consider our unfunded risk participation agreements. Armed with deep credit analysis and underwriting expertise, our portfolio management team can help evaluate and structure deals in which we take on a portion of the lender's risk in exchange for a share of the fee.

  • Single transaction or portfolio coverage
  • Capacity up to $50 million per transaction
  • Flexible long-term non-cancellable tenors up to 15 years, with the ability to go beyond for selective transactions
  • Claim payment acceleration following loan acceleration
  • Provides counterparties administrative flexibility in dealing with amendments, consents and waivers

AXIS CAPITAL RISK INSURANCE 1

AXIS CAPITAL RISK INSURANCE 2

AXIS CAPITAL RISK INSURANCE 3

Target project finance sectors:

  • Power
  • Renewable energy
  • Infrastructure
  • Oil and gas
  • Metals and mining
  • Transportation

Documents

AXIS Capital Risk Insurance Appetite Guide

Experienced and proactive claims management

Coordination Between

Legal, Claims, Underwriting & Distribution Partners

At AXIS, we take an efficient and supportive approach to managing claims. Our highly experienced AXIS Capital Risk Insurance claims specialists work with brokers and underwriters to provide flexible, high-quality service. Should a default trigger an acceleration clause in an insured credit risk, AXIS ensures the claim is paid promptly.

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