CREDIT & POLITICAL RISK INSURANCE
We participate on both large syndicated placements and a number of risks on a 100% basis. The business is written mainly through Lloyd’s brokers with whom we work closely to provide cover appropriate to their clients’ requirements. We have the capacity, ability, preference and general appetite to lead business; we take a lead or co-lead position for most risks in which we participate. We offer:
- Political all-risks including political force majeure, war & terrorism and consequential loss
- Receivables protection
- Breach of contract / non-payment / non-delivery by a government or private counterparty
- Embargo and currency inconvertibility
- Credit Insurance and Contract Frustration: comprehensive non-payment or non-delivery cover public or private counterparty
- Trade credit protection – single obligor/buyer
- Pre-export Finance (PXF) protection – public and private supplier
- Unfair/fair (political) calling of bonds and stand by letters of credit issued through banks
- Aircraft/marine (leased asset) repossession
- Non-honouring of refund guarantees
- Approved to write Financial Guarantee and non-trade related credit business
- Reserve Base Loans, Borrowing Base Facilities, and other also non-trade relating lending
- Open to all countries (except sanctioned)
What we do
Customers
- Export Credit Agencies and Multilateral organisations
- Banks & Financial Institutions
- Large Corporates
- Traders
Sectors
- Large Corporate
- Government/Sovereign obligations and Government Agencies
- Financial Institutions
- Infrastructure
- Energy & Renewables
- Technology, Telecoms and associated Infrastructure
- Fund Financing
- Metals & Mining
- Manufacturing
- Shipping
Structures
- Credit Insurance and Contract Frustration: comprehensive non-payment or non-delivery cover public or private counterparty
- Receivables protection
- Breach of contract/non-payment/non-delivery by a government or private counterparty
- Embargo and currency inconvertibility
- Political all-risks including political force majeure, war & terrorism and consequential loss
- Trade credit protection – single obligor/buyer
- Pre-export Finance (PXF) protection – public and private supplier
- Unfair/fair (political) calling of bonds and standby letters of credit issued through banks
- Non-honouring of refund guarantees
- Approved to write non-trade related credit business
Financial Institution Specific
- Reserve Base Loans, Borrowing Base Facilities, and other also non-trade relating lending
- Project Finance
- Leverage Finance
- Asset Backed financing
- Financial Market Derivates
- Fund Financing including Capital Call facilities through the fund lifecycle
- Collateralized Loan Obligations
- Significant risk transfer for Securitisation
Capacity
Per risk max line $75m (USD)
Per private/public obligor $75m (USD)
Tenor
Up to 15 years (20 years may be available by arrangement).
