Our political risk team works with clients to manage their cross-border portfolios and overseas investments to help meet their insurance-related needs. Some of our key clients include financial institutions, corporates, exporters, and traders. Markel has the capability to underwrite and issue policies in both trade and non-trade-related transactions.
Coverage options
We can offer coverage amounts up to:
- 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 coverage 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
Unique like you
Every business has different coverage needs.
We meet challenges head on to find creative coverage solutions, reduce risk, or help recover from a loss.
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Risk Solution Services
Markel's Risk Solution Services understands your business and provides practical solutions to help you manage risk.
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US and Bermuda offerings
Explore all of Markel's US and Bermuda insurance offerings and learn how our experience allows us to build specialized solutions.
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Claims service
When the unexpected happens, we are passionate about getting you back on track and giving you peace of mind.
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