Capacity
Policy Period:
Out to 10yrs (non-cancellable), but out to 15yrs for CF and PR business when reinsuring Export Credit Agencies or Multilateral Insurers.
Overview
We cover financial losses as a result of non-payment or performance of Insureds’ counterparties and, confiscation, expropriation, nationalisation, deprivation, sequestration or forced abandonment of fixed and mobile assets in foreign countries.
Our underwriters are integrally supported by a dedicated credit and country risk analysis team, further augmented by a broad external panel of forecasting and data providers. In addition, the team are underpinned by a dedicated claims expert.
our approach
quality service, detailed feedback
Brit’s Political and Credit Risk team prides itself on offering a quality service in timeliness, detailed feedback and claims servicing for the brokers and clients that we support. With a focus on creating a sustainable and diversified portfolio the team’s collegiate and innovative ethos has allowed it to lead, adapt and change with the market and our clients’ needs.
our product offering
Non-payment or non-performance by:
- Private or publicly listed entities (Credit (“CR”)), or
- Sovereigns or State-owned entities (Contract Frustration (“CF”))
These coverages can accommodate a wide range of financial structures from pure corporate loans, asset-backed and project finance to export contracts including contractual bonds, payment guarantees or letters of credit.
In addition, Political risks (“PRI” or “CEN”) impacting the Insured’s ownership of a foreign asset, which can include:
- Confiscation, expropriation, nationalisation
- Seizure of assets
- Political violence (including war, civil war, terrorism, civil disturbance) embargoes
- Breach of contract
- Currency inconvertibility and exchange transfer
our product offering
Appetite
-
In Appetite
-
Banks
-
Commodity Traders
-
Exporters
-
Contractors
-
Corporations
lending, working, trading or investing in various sectors and geographies all around the world.
Why Brit?
We’re a strong and stable business writing specialist insurance risks for over 20 years.
As the second largest Syndicate at Lloyd’s of London we are a respected leader in our market leading or are an agreement party on 70% of the risks we write.
We benefit from the Lloyd's Chain of Security and credit ratings.
Our Team
empowered to innovate, so you don't just survive but thrive
find us, keep us
Download the Brit app to get real time information on where we are and how to find us.
Peter Jenkins
Class Underwriter, Political Risk
find us, keep us
Download the Brit app to get real time information on where we are and how to find us.
find us, keep us
Download the Brit app to get real time information on where we are and how to find us.
