Political Risk & Trade Credit

Our extensive knowledge and understanding of the Political Risk & Trade Credit market allows us to underwrite a wide variety of risks, in line with the ever-changing political and economic environment.

About This Product

Core appetite

The team is able to review insurance and reinsurance risks from all industries and sectors, with a focus on:

  • Oil & Gas
  • Infrastructure projects
  • Telecommunications
  • Power
  • Pharmaceuticals
  • Aviation

Coverage

We are able to write a broad portfolio of trade finance and investment risk with tenors ranging from 1 month to 10 years, covering both commercial and governmental / sovereign obligors and perils.

The team write contract, finance and investment risk covered by the Lloyd’s audit codes CF, CR and PR:

  • Contract Frustration (CF): Contract Termination &/or default cover for contracts with a foreign government or government owned entity
  • Trade Credit (CR): Pre and post shipment cover for contracts with a private company
  • Political Risk (PR): Cover against government intervention for a client’s equity investment or physical assets held in a foreign location

Coverage includes payment for claims related to:

  • Non-payment and non-delivery by a private or public obligor
  • Non-honouring of a financial instrument (e.g. Letter of Credit or Guarantee)
  • Confiscation, nationalisation, expropriation or deprivation of a physical asset or equity investment

Maximum Line Sizes

  • CF:   USD/EUR 40,000,000
  • CR:  USD/EUR 30,000,000
  • PR:  USD/EUR 40,000,000

Geographic focus

  • Emerging markets

Taking into account the dynamic global geopolitical environment, demand and availability of capacity is subject to continuing review and consistent risk evaluation. Neon can underwrite in any country where Lloyd’s is licensed to trade.

Clients

  • Banks and financial institutions
  • Commodity traders
  • Medium-large corporates.

Why choose Neon for Political Risk & Trade Credit?

  • Highly qualified team with 30+ years’ combined experience
  • Bespoke coverage
  • Daily underwriting presence at Lloyd’s – Box 107
  • Dedicated, prompt and responsive service
  • Neon’s trademark expert handling of claims

Info requirements

We are able to assess new enquiries on the basis of:

  • Full details on the client, the country of risk and the counterparty (as applicable)
  • Project / contract details
  • The client’s past experience in the country and/or with the counterparty

Maximum Policy Tenor

  • Up to a maximum of 10 years

Contacts

Nick Robinson

Class Underwriter

+44 (0)20 7488 7689 nicholas.robinson@neonuw.com

Natalie de Clermont

Underwriter

+44 (0)20 7488 7680 natalie.declermont@neonuw.com

Laura Hill

Underwriter

+44 (0)20 7488 7776 laura.hill@neonuw.com

Alexander Platts

Underwriter

+44 (0)20 7488 7714 alexander.platts@neonuw.com

General Enquiries

For all enquiries not related to specific underwriting teams or claims,
please call +44 (0)207 488 7700, email hello@neonuw.com or tweet @Neon_UW