Political & Credit Risk

Our extensive knowledge and understanding of the Political & Credit Risk market allows us to underwrite a wide variety of risks, in line with the ever-changing global 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 15 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
  • Credit Risk (CR): Cover for contracts and financing with a private companies
  • Political Risk (PR): Cover against government intervention for a client’s equity investment or physical assets held in a foreign location
  • Financial Guarantee (FG)

Coverage includes payment for claims related to:

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

Maximum Line Sizes

  • CF:   USD/EUR 40,000,000
  • CR:  USD/EUR 30,000,000
  • PR:  USD/EUR 40,000,000
  • FG:  USD/EUR 5,000,000

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 & Credit Risk?

Our highly qualified team has over 40 years’ combined experience, offering a dedicated, prompt and responsive service.

We are able to offer bespoke coverage, have a daily underwriting presence at Lloyd’s (Box 107), and provide 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 Tenors

  • Up to a maximum of 15 years

Contacts

nick1robinson

Nick Robinson

Class Underwriter

+44 (0)20 7488 7689 nicholas.robinson@neonuw.com
anthony1vaughan

Anthony Vaughan

Senior Credit Analyst

+44 (0)20 7488 7708 anthony.vaughan@neonuw.com
paul2carrington

Paul Carrington

Underwriter

+44 (0)20 7488 7721 paul.carrington@neonuw.com
laura-hill2

Laura Hill

Underwriter

+44 (0)20 7488 7776 laura.hill@neonuw.com
Alexander-Platts,-Assistant-Underwriter

Alexander Platts

Underwriter & Portfolio Analyst

+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