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Our political risk team works with clients to manage their cross-border portfolios and overseas investments with tailored, specialist policies.

Our key clients include financial institutions, corporates, exporters, and traders. Markel has the capability to underwrite and issue policies providing access to licenses across the globe in respect of both trade and non-trade-related transactions.

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