Political Risk

We provide coverage for clients in some of the world’s most volatile places. We have a maximum line side of $50m available for two niche areas:

 Physical assets

These could be permanent or mobile assets which may be subject to confiscation, nationalisation, embargos, physical damage or other forms of deprivation. Our expert teams of underwriters are able to help design an appropriate coverage for losses caused as a result of political destabilisation. We are also able to insure currency and inconvertibility resulting from such events. We offer long term insurance policies, with up to 10 year non-cancellable policies, or up to 15 year policies for export credit agencies or multilateral organisations. Up to $50m available in coverage.

 Non-payment

We also offer a number of insurances for non-payment 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 long-term policies. For trade related credit, we can offer up to 7.5 year 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.

Ray Antes

Ray Antes

Executive Underwriter

Tel: +44 20 7743 8361

Jessica Burton

Jessica Burton

Underwriter

Tel: +44 20 3627 8864

Nick Ridley

Nick Ridley

Underwriter

Tel: +44 20 7743 9647

Georgia Wilson

Georgia Wilson

Underwriting Administration Manager

Tel: +44 20 7743 9607

Charlie Hickman

Charlie Hickman

Underwriter

Tel: +44 20 7743 9695

Sophie Leger

Sophie Leger

Credit Analyst

Tel: +44 20 3627 8838