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Political Risk

Global insurance coverage for major institutions and corporates across a wide range of political risks.

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

Our clients include financial institutions, corporates, exporters and traders. Markel has the capability to underwrite and issue policies providing access to licences 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 c.$10m per risk and policy tenors up to 84 months

We are able to offer cover which does not contain a nuclear exclusion.

We are able to provide tailored and specialist policies worldwide, enabling our insureds to manage their cross-border and overseas investments.

  • 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, nationalisation, expropriation, and deprivation
  • Comprehensive contractors plant and equipment
  • Failure to honour an arbitration award
  • Aircraft and vessel repossession
  • Mortgage rights insurance
  • Aircraft finance
  • Real estate finance
  • Sovereign bonds
  • Derivatives
  • Fund finance
  • Sanction limitations and exclusions
  • Fraudulent, illegal and criminal acts or omissions by the insured
  • Material/financial default or insolvency of the insured
  • RACE/nuclear exclusion/inclusion upon requirement

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