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