What type of business is it good for?

  • Exporters/manufacturers
  • Global banks
  • Commodity traders
  • Multilateral organizations
    Highlights on this page

      Solutions web link

      Solution

      AXIS Credit Insurance

      Insurance
      AXIS understands the many uncertainties that clients may face when contracting with international trading partners. We offer protection against non-payment by clients’ customers due to insolvency, default, and country risk. AXIS understands the many uncertainties that clients may face when contracting with international trading partners. We offer protection against non-payment by clients’ customers due to insolvency, default, and country risk.
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      Solution

      AXIS Coverholders Insurance

      Insurance
      We specialize in offering coverage for niche credit risks to a broad range of clients through carefully selected coverholders. We specialize in offering coverage for niche credit risks to a broad range of clients through carefully selected coverholders.
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      Solution

      AXIS Mortgage Insurance

      Insurance
      We offer a market for mortgage credit risk treaty business and reinsurance on a proportional and excess of loss basis. Target clients include both government-sponsored enterprises and private mortgage insurers. We offer a market for mortgage credit risk treaty business and reinsurance on a proportional and excess of loss basis. Target clients include both government-sponsored enterprises and private mortgage insurers.
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      Solution

      AXIS Political Risks Insurance

      Insurance
      The underwriters of AXIS Political Risk Insurance look beyond the headlines to help identify both obvious and lesser-known exposures in multiple countries around the world. We work closely with brokers to evaluate those risks and write policies to cover each client's needs. The underwriters of AXIS Political Risk Insurance look beyond the headlines to help identify both obvious and lesser-known exposures in multiple countries around the world. We work closely with brokers to evaluate those risks and write policies to cover each client's needs.
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      Capabilities web link

      AXIS Credit & Political Risk Insurance provides the following heads of cover:

      Credit protection offered includes:

      • Non-payment – private obligors
      • Non-delivery
      • Non-honoring of letters of credit
      • Exchange transfer and currencies inconvertibility
      • Embargo and license cancellation
      • Contract repudiation
      • Refusal to perform contractual obligations
      • Refusal to honor arbitration awards or court judgments
      • Unfair calling/fair call of on demand bonds
      • Lenders mortgage insurance/reinsurance 

      Political risks come in many forms:

      • Non-payment – sovereign/sub-sovereign 
      • Confiscation
      • Expropriation
      • Nationalization and deprivation
      • Selective discrimination
      • Forced divestiture
      • Forced abandonment
      • Aircraft repossession (under confiscation)
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      Target classes web link

      • Financial institutions
      • Export credit agencies
      • Multilateral organizations/development finance institutions
      • Commodity trader
      • Exporters
      • Government sponsored enterprises
      • Private mortgage insurers
      • Coverholders