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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. ¸Û°Äͼ¿â 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

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

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

Kubra Ozturk
Underwriter – Trade Credit & Political Risk
kubra.ozturk@markel.com

United Arab Emirates

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

Singapore

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

United States

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