TRADE POLITICAL RISK INSURANCE
Trade Political Risk is an emerging-market trade-related team that focuses on political risk and contract frustration with the ability to underwrite trade credit on a selective basis.
The team’s focus is on protecting and growing the political risk and contract frustration book. They offer cover for breach of contract/non-payment/non-delivery by sovereign entities and government-owned obligors offering capacity of USD50m any one obligor. Also, for breach of contract/non-payment/non-delivery by private obligors offering capacity of USD10m for any one obligor.
The Canopius Trade Political Risk team is part of the Credit, Political & Crisis Management division. Our teams work alongside one another writing complementary books of business that cater for different clients and appetites.
What we do
- Trade Political Risk is an emerging-market trade-focused team of underwriters whose background is principally in contract frustration (CF) and political risk (PR), with a strong subset in commercial credit (CR).
- Trade Political Risk is primarily focused towards providing indemnification to insureds who have made a financial loss, either to their assets or investments in a foreign country, or whilst engaging in corporate and sovereign lending or trade related business.
Our product offerings include the following cover types:
- Country, or whilst engaging in corporate and sovereign lending or trade related business
- Expropriation cover for assets and investments
- Political risk for lenders
- Political all-risks including political force majeure, war & terrorism and consequential loss
- Comprehensive non-payment or non-delivery cover for public or private counterparties
- Non-honouring of corporate or sovereign guarantees
- Breach of contract, Licence cancellation and Import /export embargo cover
- Unfair/fair (political) calling of bonds
- Currency inconvertibility / Non-transfer
- Pre-export Finance protection – public and private supplier
- Mortgage rights indemnity
Capacity
Political Risk $50m (USD)
Contract Frustration $50m (USD)
Credit Risk $10m (USD)
Tenor
Up to eight years
