Political Risk

We are an experienced and reliable partner for insureds through bad times and good. Our expert team focuses on strategic deals with sovereign counterparties.

Will Steeds
Class Leader

Our Team

Chris King
Head of Specialty

Dalmar Nur
Executive Underwriter

Rhiannon Walker
Underwriter

Box Number 162A

Our USP
  • Predominantly cover Contract Frustration risks (non-payment by governments) for strategic products
  • Worldwide product offering
  • Up to 15 year policies
  • Preference is for historically profitable, robust & resilient trades with good recovery prospects
  • Small credit lines (non-payment by private companies) are available for select insureds
Focus areas and solutions
  • Focus on trade-related transactions
  • Maximum line sizes per risk (normal % line per risk is around 10%):
    – Contract Frustration – $ 25M
    – Political Risk – $ 25M
    – Credit Risk – $ 10M
Apollo team engagement
  • Work closely with PV & Terror, Specialty Disruption
  • A consistently market leading claims team
In appetite
  • Contract Frustration – trade-related deals involving key government ministries and strategic state-owned enterprises
  • Political Risk – lenders business
Out of appetite
  • Indonesian palm oil, Brazilian soya and most credits in Ukraine, Russia, Turkey, India and China
  • Political Risk – equity business (although it may be considered in some cases)
Distribution and other capabilities
  • Distribute products via Lloyd’s brokers / MGAs (managing general agents)
  • Lloyd’s of London/ Lloyd’s Insurance Company S.A.
  • Capability to use broker wordings, market wordings, Apollo wordings or create bespoke wordings

Line size

0

Geographies

Worldwide

Our insurance solutions

Our wide range of products puts us in a unique position where our entrepreneurial approach and service excellence delivers creative and flexible solutions for our clients and partners all in one place.

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