Political risk coverage options
We can offer cover on Company or Lloyd's paper.
- Contract frustration: $50m per risk and policy tenors up to 120 months
- Political risk: $30m per risk and policy tenors up to 120 months
- Single and structured credit risk: average line size of around $10m per risk and policy tenors up to 84 months
We write business on a primary and excess basis.
We write business on a worldwide basis (excluding sanctioned territories).
We can offer cover which does not contain a nuclear exclusion.
Key coverages include:
- Insolvency or default by either a public or privately owned entity
- Non-trade capabilities
- Pre-export finance
- Pre-shipment political risk coverage
- Unfair and fair calling of on-demand bonds
- Currency inconvertibility and exchange transfer
- License cancellation
- Import/export embargo
- ECA and multilateral coverage, where extended tenors are available
- Confiscation, nationalization, expropriation, and deprivation
- Comprehensive contractors plant and equipment
- Failure to honor an arbitration award
- Aircraft and vessel repossession
- Mortgage rights insurance
- Aircraft finance
- Real estate finance
Contact our experts
United Kingdom
Nicola Marriage
Senior Underwriter & Head of Political Risk
nicola.marriage@markel.com
Lida Heaven
Underwriter – Trade Credit & Political Risk
lida.heaven@markel.com
Kubra Ozturk
Underwriter – Trade Credit & Political Risk
kubra.ozturk@markel.com
United Arab Emirates
Crystal Dsouza
Underwriter – Trade Credit & Political Risk
crystal.dsouza@markel.com
Singapore
Nicholas Davies
Senior Underwriter – Trade Credit & Political Risk
nicholas.davies@markel.com
United States
Arjan Van de Wall
Head of Trade Credit & Political Risk – Americas
arjan.vandewall@markel.com