Provided by Credit Group

Political Perils

Emerging markets often provide the strongest growth opportunities for banks, traders and manufacturers. In recent years, it has again become evident that emerging markets that appear stable one day can suddenly face political unrest or economic instability.

Best for

  • Manufacturers
  • Trading Companies
  • Service Providers
  • Wholesalers
  • Distributors
  • Financial Institutions
  • Export Credit Agencies
  • Multilaterals

Highlights

  • Non-cancellable limits
  • Up to 100% indemnity based on coverage being sought
  • Coverage may be expanded to include CEND
  • Maximum tenor of 10 years
  • Broker commission up to 22.5%
  • $50 million maximum line for any one risk
  • Worldwide scope
  • Responsiveness of a dual underwriting platform with experts in London and New York
  • Emphasis on building a customer relationship and a long-term partnership
  • Superior claims management processing and customer service

Summary of coverage

  • Insured perils include, but are not limited to: war; political violence; currency inconvertibility; and non-transfer and business interruption.
  • Coverage may be structured to insure fixed and/or mobile assets, including commodity stocks owned and stored abroad,, aircraft and vessels or any type of contractor's equipment that may be impacted by an act of violence or government interference.
  • Coverage may include currency inconvertibility or non-transfer of equity investments, shareholder loans or dividend payments following a political event.
  • Political events include discrimination by a foreign government against the asset or forced abandonment and physical damage as a result of a political violence event including, but not limited to, war, as well as an action imposed by the foreign government resulting in the inability of a policyholder to repatriate funds, convert currency or realize projected profits from an asset.
  • Admitted in all 50 states
Get in touch
Blake W
Blake Weber

Sr. Vice President, Credit Underwriting

Documents & forms

Your team

Directory
Head office

135 Pinelawn Road, Suite 150N
Melville, NY 11747

(631) 391-5434
Blake W
Blake Weber

Sr. Vice President, Credit Underwriting

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why choose tmhcc

Why choose Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.

More about us Financial strength

Not all products, coverages, or features may be available in all states. Restrictions, exclusions, limitations, and conditions apply and you should see your agent for more information. Certain products and services are provided through non-admitted insurance carriers and are not subject to certain State Guaranty Funds.