Political Risks & Contingency

Political risks and contingency risks were pioneered in the Lloyd’s market and are today among the most important lines of business underwritten at Beazley. Our underwriting team is one of the largest and most experienced in the market.

The risks confronting businesses investing or doing business abroad continue to evolve and, in many cases, to grow. In addition to traditional lines such as contract frustration, expropriation and credit, we insure a growing number of businesses against terrorism and political violence.   

Our contingency business is similarly diverse. Clients, large and small, look to us for event cancellation coverage in five continents. Weather-related disruptions are a frequent cause of loss, but more unusual loss triggers such as terrorism or even national days of mourning can also be covered. Additionally, we insure event organizers for non appearance of performers and for the costs incurred when large prizes are paid out.     

Adrian Lewers on the growth of political risks The head of Beazley's political risk and contingency team identifies the rapid growth of the BRIC economies (Brazil, Russia, India and China) as fuelling political risk. Click here if the popup window does not open.
Tina Kirby on political violence Political violence is a hydra-headed threat to cross-border investors. Beazley's terrorism underwriter explains. Click here if the popup window does not open.
Chris Rackcliffe on event cancellation Beazley's contingency underwriter describes how Britain's wettest summer on record changed attitudes to event cancellation insurance. Click here if the popup window does not open.