Specialist insurance protection in respect of emerging markets, political violence, credit and wider political risks to a range of clients.
Named Perils Cover
Political Risk Insurance - cover against loss from named political risk perils.
Four ‘heads of cover’
What we insure
Comprehensive Cover / Non-payment
What we insure
*The cover can include provision to indemnify clients for one or more of the below items:
Up to a maximum of 15 years
Beazley provides specialist insurance protection in respect of emerging markets, political violence, credit and wider political risks to a range of clients including commodity traders; foreign investors; banks and financial institutions; project financiers and sponsors; forfaiting companies; and exporters and importers of goods and services.
Beazley provides specialist insurance protection in respect of trade and investment to a wide range of clients including:
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.
We, via a coverholder, insured a company that supplied marine fuels through their buyer for onward supply to ship owners. With no prior warning, the buyer filed for court protection and subsequently entered bankruptcy proceedings leaving an multimillion USD amount owing to the insured.
Upon notification of the claim, we immediately investigated the circumstances and initiated a plan to look at recovery options including the legal position of the various claims in the bankruptcy proceedings.
Given the size of the loss and the position of the buyer in the market, any delays could have caused significant cash flow issues to the insured. The claim was reserved in full within 21 days and we, the lead insurer, paid its share of the loss within 27 days.