Credit & Political Risk, Contract Frustration

what’s covered

Credit Risk:
> The financial failure of any corporate venture as a result of, insolvency, bankruptcy, liquidation or winding up petition
> Default of corporate venture as a result of insufficient receipts, sales or profits of any venture
> Insuring financial institutions against non-payment by corporate obligors with a focus on:
> Appetite to underwrite ratings of between B- to BB+
> Trade and non-trade related transactions
> Appetite for a wide range of secured and unsecured structures

Political Risk Insurance:
> Confiscation, Expropriation, Nationalization and Deprivation (CEND)
> Currency Inconvertibility / Non Transfer (CINT)
> Arbitration Award Default (AAD)
> Multinational corporates and lenders, in developing markets against named political perils
> Institutions with experience in developing markets

Contract Frustration:
> Financial institutions and multilaterals against nonpayment by sovereign or sovereign-owned entities
> Infrastructure projects with Export Credit Agencies and Banks
> Loan profiles consisting of both amortising & bullet
> Ministry of Finance and SOE obligors in developing markets
> A wide range of secured and unsecured structures

> Credit Risk: $46mn up to 7 years
> Political Risk: $51mn up to 7 years
> Contract Frustration: $51mn up to 7 years