Our political risk team works with clients to manage their cross-border portfolios and overseas investments with tailored, specialist policies.

Our key clients include financial institutions, corporates, exporters, and traders. Markel has the capability to underwrite and issue policies providing access to licenses across the globe in respect of both trade and non-trade-related transactions.

Political risk coverage options

We can offer cover on Company or Lloyd's paper.

  • Contract frustration: $50m per risk and policy tenors up to 120 months
  • Political risk: $30m per risk and policy tenors up to 120 months
  • Single and structured credit risk: average line size of around $10m per risk and policy tenors up to 84 months

We write business on a primary and excess basis.

We write business on a worldwide basis (excluding sanctioned territories).

We can offer cover which does not contain a nuclear exclusion.

Key coverages 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
  • ECA and multilateral coverage, where extended tenors are available
  • Confiscation, nationalization, expropriation, and deprivation
  • Comprehensive contractors plant and equipment
  • Failure to honor an arbitration award
  • Aircraft and vessel repossession
  • Mortgage rights insurance
  • Aircraft finance
  • Real estate finance

Contact our experts

United Kingdom

Philip Amlot
Senior Underwriter & Head of Portfolio, Global Trade Credit
phil.amlot@markel.com

Nicola Marriage
Senior Underwriter & Head of Political Risk
nicola.marriage@markel.com

Lida Heaven
Underwriter – Trade Credit & Political Risk
lida.heaven@markel.com

Nour El-Husseini
Underwriting Assistant – Trade Credit & Political Risk
nour.el-husseini@markel.com

United Arab Emirates

Leroy Almeida
Head of Asia & MENA – Trade Credit & PRI
leroy.almeida@markel.com

Michael Gardner
Underwriter – Trade Credit & Political Risk
michael.gardner@markel.com

Maria Pereira
Underwriter – Trade Credit & Political Risk
maria.pereira@markel.com

Crystal Dsouza
Underwriter – Trade Credit & Political Risk
crystal.dsouza@markel.com

Singapore

Dillon Matthews
Senior Underwriter – Trade Credit & Political Risk
dillon.matthews@markel.com

Nicholas Davies
Senior Underwriter – Trade Credit & Political Risk
nicholas.davies@markel.com

Zong Wen Lee
Assistant Underwriter – Trade Credit & Political Risk
zongwen.lee@markel.com

United States

Arjan Van de Wall
Head of Trade Credit & Political Risk - Americas
arjan.vandewall@markel.com

Howard Lee
Senior Underwriter – Trade Credit & Political Risk
howard.lee@markel.com

Christen Mizell
Underwriter & Head of Midwest – Trade Credit & Political Risk
christen.mizell@markel.com

Jennifer Chang
Underwriter & Senior Risk Analyst – Trade Credit & Political Risk
jennifer.chang@markel.com

"I work with a great team who are always keen and committed to succeeding, both as a team and for Markel. I’m proud that my team have a strong blend of experience allied with a creative, solution-focused attitude."

Carl Titterton
Divisional Managing Director Trade Credit, Political Risk and Surety
carl.titterton@markel.com