
Political Risk and Credit É«¶à¶àÊÓÆµ
Insuring against Political and Credit risks in a complex and rapidly evolving global marketplace
Our global team is ranked #1 in É«¶à¶àÊÓÆµ Insider’s Political Risk 2020 report.
For more than 30 years, we have offered a full range of tailored Political Risk and Credit É«¶à¶àÊÓÆµ products from our global underwriting offices. We provide the specialisation and capacity that allow our clients to carry out commerce with greater certainty, to secure assets overseas and to protect payment streams and dividend flows. We provide cover for corporations, financial institutions, as well as multilateral, developmental and governmental agencies. Our policies are backed by AXA’s strong AA- credit rating from S&P or Lloyd’s A+ rating.
In the event of a covered loss, our claims professionals deliver the highest levels of service and are positioned to manage claims across the world. We understand the nuances and challenges presented by various jurisdictions and are locally empowered to address and resolve claims promptly and fairly. Also, following a claim we can assist in developing and implementing recovery strategies using our network of diplomatic contacts and recovery agents.
Coverage
- Political Risk Investment (PRI): Confiscation, expropriation, nationalization, currency inconvertibility, political violence and arbitration award default (Up to 20 years per policy)
- Contract Frustration (CF): Non-payment by public sector borrowers, licence cancellation, trade embargo, war (Up to 20 years per policy)
- Credit É«¶à¶àÊÓÆµ: Non-payment by private sector obligor, project/infrastructure finance (Up to 20 years per policy)
Benefits & Services
Exchange uncertainty for certainty with our bespoke solutions and wordings from our innovative, market leading underwriting teams. We take pride in our ability to offer flexible and customisable policies to satisfy our clients’ needs.
We can issue policies from the United States, the United Kingdom, Ireland, Singapore, Bermuda, Canada, Brazil and Australia, as well as Lloyd’s Syndicate 2003, to accommodate licensing and geographical location requirements. With underwriters in New York, London, Paris, Madrid, Singapore, Hamilton, Toronto, Washington and Sydney, we provide local, same-time-zone access to our global team of experts.
All of our products are backed by the financial strength of AXA Group that clients can count on.
Client Profiles
- Multilateral development banks, development financial institutions, export credit agencies
- Global and leading regional financial institutions
- Mobile asset financiers
- Exporters and manufacturers
- Commodity traders
- Engineering/procurement/construction contractors
Financial Institutions, Multilateral & Governmental Agencies
We are committed to partnering with financial institutions, agencies and government-sponsored enterprises on everything from individual credit transactions to large portfolios to create tailored solutions to help you do what you do best.
Individual Credit Transaction We offer coverage for single-risk credit transactions against non-payment by the obligor. This can be used to support one-off transactions that may be unusual or challenging due to internal aggregation constraints or to support bespoke structures crafted for the specific needs of the transaction or sector. Wordings are matched to the particular risk to provide prompt payment in the event of a covered loss.
Portfolio Coverage We are able to cover multiple credit transaction obligations in the event of non-payment losses. This coverage can be customised to help manage exposure aggregations to cover losses to a portfolio within certain parameters including timing and loss sizes. This approach allows for significant exposures and potential fiscal burden to the taxpayer to be mitigated, with the option to modify and enhance coverage over time.
Capacity Up to 20 years per policy
Typical Information Required For an initial assessment, please supply a full executive summary of the proposed request.