What type of business is it good for?

  • Exporters/manufacturers
  • Global banks
  • Commodity traders
  • Multilateral organizations
Richard Lamb
Unit Head - Credit & Political Risk
Insurance
London, England
contract Specialist with a flexible approach to underwriting
/images/default-source/icons/svg/127.svg?sfvrsn=7fcd16ff_0 Policy periods up to 15 years
/images/default-source/icons/svg/129.svg?sfvrsn=8bdc5fce_0 Business written globally with a line size of up to $50 million
AXIS Credit & Political Risk Insurance provides credit solutions to help manage clients exposures to a variety of different risks. Ranging from political risks, and counterparty risks, to helping financial institutions manage their regulatory capital charges. These are offered to multinationals, government agencies and international banks as part of a diverse portfolio of risk management products. Our target sectors include banking, infrastructure, metals and mining, and oil and gas. Today, international businesses face a never-ending exposure to fluctuating business norms and political instability. To protect against the financial impact of these risks, clients need an insurer with the global presence to understand their exposure and the capacity to pay potentially substantial claims. AXIS Credit & Political Risk Insurance policies use underwriting expertise to make sure clients have appropriate coverage for the evolving nature of credit and political risks. For the right client, AXIS can offer substantial line sizes of up to $50 million over long tenors.

Solution

AXIS Credit Insurance

Insurance
AXIS understands the many uncertainties that clients may face when contracting with international trading partners. We offer protection against non-payment by clients’ customers due to insolvency, default, and country risk. AXIS understands the many uncertainties that clients may face when contracting with international trading partners. We offer protection against non-payment by clients’ customers due to insolvency, default, and country risk.

Solution

AXIS Coverholders Insurance

Insurance
We specialize in offering coverage for niche credit risks to a broad range of clients through carefully selected coverholders. We specialize in offering coverage for niche credit risks to a broad range of clients through carefully selected coverholders.

Solution

AXIS Mortgage Insurance

Insurance
We offer a market for mortgage credit risk treaty business and reinsurance on a proportional and excess of loss basis. Target clients include both government-sponsored enterprises and private mortgage insurers. We offer a market for mortgage credit risk treaty business and reinsurance on a proportional and excess of loss basis. Target clients include both government-sponsored enterprises and private mortgage insurers.

Solution

AXIS Political Risks Insurance

Insurance
The underwriters of AXIS Political Risk Insurance look beyond the headlines to help identify both obvious and lesser-known exposures in multiple countries around the world. We work closely with brokers to evaluate those risks and write policies to cover each client's needs. The underwriters of AXIS Political Risk Insurance look beyond the headlines to help identify both obvious and lesser-known exposures in multiple countries around the world. We work closely with brokers to evaluate those risks and write policies to cover each client's needs.

AXIS Credit & Political Risk Insurance provides the following heads of cover:

Credit protection offered includes:

  • Non-payment – private obligors
  • Non-delivery
  • Non-honoring of letters of credit
  • Exchange transfer and currencies inconvertibility
  • Embargo and license cancellation
  • Contract repudiation
  • Refusal to perform contractual obligations
  • Refusal to honor arbitration awards or court judgments
  • Unfair calling/fair call of on demand bonds
  • Lenders mortgage insurance/reinsurance 

Political risks come in many forms:

  • Non-payment – sovereign/sub-sovereign 
  • Confiscation
  • Expropriation
  • Nationalization and deprivation
  • Selective discrimination
  • Forced divestiture
  • Forced abandonment
  • Aircraft repossession (under confiscation)
axis-credit-political-risk-insurance-1
axis-credit-political-risk-insurance-2
axis-credit-political-risk-insurance-3
axis-credit-political-risk-insurance-4
  • Financial institutions
  • Export credit agencies
  • Multilateral organizations/development finance institutions
  • Commodity trader
  • Exporters
  • Government sponsored enterprises
  • Private mortgage insurers
  • Coverholders
 

Documents

AXIS Credit & Political Risk Insurance Appetite Guide

Experienced and proactive claims management

handshake

Coordination Between

Legal, Claims, Underwriting & Distribution Partners

Knowing that clients need a resolution for their business to recover, we manage credit and political risk insurance claims efficiently. Our claims specialists work closely with underwriters and brokers to ensure high-quality claims service.

Learn more about claims