Meredith Head on Her Career in Reinsurance
Meredith Head, Aspen’s Head of North American Property Catastrophe based in Bermuda, spoke to Bermuda: Re + ILS about her career to date. She also...
Businesses, banks and commercial government entities are increasingly exposed to credit and political risks across emerging economies and established markets.
Our clients are continuously exposed to an increasingly volatile geopolitical and macro-economic risk environment. By working as a team, CPR provides tailored and market leading solutions to our customers to help mitigate these risks and preserve capital.
Sacha Karlsson Head of Credit and Political Risk
With the capacity and specialist expertise to help our clients manage the
specific credit and political risks faced by their businesses, Aspen Credit and
Political Risk team are able to deliver cost and capital effective insurance
solutions.
Aspen CPR has 12 underwriters and 3 credit analysts based in London, with around 150 years of combined experience across the credit and political risk space, both within Insurance and in Financial Institutions. Such experience allows us to fully understand the risks faced by clients and provide coverage that best meets needs. Aspen also recognizes the need for innovative solutions in order to respond to market trends and is therefore able to provide bespoke covers and policies at clients’ request.
The team can provide the following coverage types:
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’) | 8/10** | $75m | $60m |
Project Finance | 15 / 20*** | $75m | $60m |
Counterparty Credit Risk |
In line with CR/CF/PF max tenor |
$50m per obligor | $50m per obligor |
*15 years if Insured is an ECA or Multilateral
** 10 years if Insured is an ECA or Multilateral
*** 20 years if Project Finance transaction is ESG-Favourable on AIUK and Lloyd’s