Contract Frustration and Political Risk

In a global economy, mitigating political risk is becoming ever more relevant to companies operating and seeking to invest in emerging markets. Markel’s suite of political risk insurance products enables clients to manage their cross border portfolios and overseas investments with tailored, specialist policies.

Our key clients include financial institutions, corporates, exporters and traders who are looking to protect their investments against;

  • Contract Frustration – this includes non-payment or non-performance by a sovereign or state owned entity under a contract or loan agreement.
  • Political Risk – confiscation, expropriation or nationalisation of a physical asset/investment in an emerging market.
  • Structured and Emerging Market Trade Credit – non-payment or non-performance by a private entity in respect of an underlying commercial contract or trade instrument.

Markel has the capability to underwrite and issue policies using its Company and Lloyd's platforms, providing access to licences across the globe in respect of both trade and non-trade related transactions. The local underwriting teams in the UK, US, Singapore and Dubai have a wealth of experience, providing political risk and trade credit solutions for a broad spectrum of global clients. 

CALL US ON:

+44 (0)20 7953 6000

Line sizes & tenors:

Markel International Insurance Company Limited

Structured and Emerging Market Trade Credit: $150m per obligor group and policy tenors up to 84 months
Contract Frustration: $50m any one risk with policy tenors up to 84 months
Political Risk: $30m per risk and policy tenors up to 84 months
Non-trade transactions: $10m per obligor

Markel Syndicate 3000 at Lloyd’s

Structured and Emerging Market Trade Credit: $100m per obligor group and policy tenors up to 84 months
Contract Frustration: $50m any one risk with policy tenors up to 84 months
Political Risk: $30m per risk and policy tenors up to 84 months
Non-trade transactions: $10m per Obligor 

 

Areas of cover include:

  • Insolvency or default by either a public or privately owned entity
  • Non-trade capabilities 
  • Pre-export finance 
  • Pre-shipment political risk coverage
  • Unfair and fair calling of on-demand bonds
  • Currency inconvertibility and Exchange transfer 
  • License cancellation
  • Import/Export embargo
  • Confiscation, Nationalisation, Expropriation and Deprivation 
  • Construction Contractors Plant 
  • Failure to honour an arbitration award
  • Aircraft and Vessel Repossession
  • Mortgage Rights Insurance 
Ewa Rose

Managing Director - Trade Credit, Political Risk and Surety

+44 (0)20 7953 6580

email

Nicola Marriage

Global Head of Political Risk

+44 (0)20 7953 6704

email

Lida Heaven

Underwriter - Political Risk

+44 (0)20 7953 6797

email

Trade Credit Contacts Dubai

Leroy Almeida

Senior Executive Officer, Head of Middle East operation

+971 40 355 2580

email

Michael Gardner

Underwriter, Trade Credit, Middle East

+971 4 590 6705

email

Maria Pereira

Assistant Underwriter, Trade Credit and Political Risk, Middle East

+971 4 590 6777

email

Crystal Dsouza

Assistant Underwriter, Trade Credit, Middle East

+ 971 4 590 6710

email

Dillon Matthews

Underwriter and Senior Risk Analyst, Trade Credit, Asia Pacific

+65 6302 1885

email

Alexander Holcroft

Underwriter, Political Risk, Asia Pacific

+65 6866 5911

email

Nicholas Davies

Underwriter and Senior Risk Analyst, Trade Credit

+65 6302 1895

email

Philip Amlot

Underwriting Manager, Head of Trade Credit and Political Risk, Americas

+1 646 929 5620

email

Howard Lee

Senior Underwriter, Trade Credit and Political Risk, Americas

+1 212 898 6608

email

Christen Mizell

Underwriter, Trade Credit and Political Risk, Americas

+1 (312) 383 5595.

email

Arjan van de Wall

Global Development Director

+1 443 641 7717

email

Jennifer Chang

Underwriter and Senior Risk Analyst, Trade Credit and Political Risk, Americas

+1 908 630 2760

email