Our experienced Political Risk team insures clients in some of the world’s most volatile places. We have a maximum line size of USD$50m and are increasingly a lead market for the business we insure.
Our products focus on two niche areas:
These could be permanent or mobile assets which may be subject to confiscation, nationalisation, embargos, physical damage or other forms of deprivation. Our expert team of underwriters are able to help design an appropriate insurance coverage for losses caused as a result of political destabilisation. We are also able to insure currency and inconvertibility resulting from such events.
One of the key benefits of Ascot’s Political Risk coverage is our ability to offer long term insurance policies to our clients. We can offer up to 10 year non-cancellable policies or up to 15 years for export credit agencies or multilateral organisations. Our maximum line size for physical assets is $50m.
We offer a number of insurances for non-payments stemming from economic or financial distress in trade related business. These solutions help protect a client against the risk of not receiving payments on due dates. In addition, we also offer coverage for non-payment which helps banks or other lenders minimise the risk of borrows defaulting on their obligations for non-trade related transactions (FG).
Our FG solutions also benefit from Ascot’s underwriting of long-term policies. For trade related credit we can offer up to 7.5 years non-cancellation policies with a line size of up to $15m; for FG we can offer up to 5 year non-cancellation policies with a $10m maximum line size.