The team can provide the following coverage types:
- Political Risk: insures against government expropriation of overseas investments and other forms of political risk the business may face.
- Contract Frustration: insures against default and non- performance by state-owned entities and sovereigns.
- Credit Risk: insures against non-payment by individual companies and financial institutions, including loans for general corporate purposes, export finance and trade contracts. Project Finance: insures against non-payment by the Borrower in project finance transactions.
- Counterparty Credit Risk: for financial institutions, we also offer credit protection against non-payment of termination amounts due under ISDAs, including project finance swaps.
Coverage |
Max Tenor
(Years) |
Max Line Size
AIUK |
Max Line Size
Lloyd’s |
Political Risk |
10 / 15* |
$75m |
$60m |
Contract Frustration (‘CF’) |
10 / 15* |
$75m |
$60m |
Credit Risk (‘CR’) |
8 |
$75m |
$60m |
Project Finance |
15 / 20** |
$75m |
$60m |
Counterparty Credit Risk |
6 |
$50m per obligor |
$50m per obligor |
*15 years if Insured is an ECA or Multilateral
** 20 years if Project Finance transaction is ESG-Favourable and bound on AIUK