Catlin > Underwriting > Catlin Syndicate > Classes of Business > Political Risk Insurance
Political Risk Insurance
Catlin is a Lloyd’s leader for political risk insurance.
Our team comprises over 10 professional underwriters in London,
Bermuda and Singapore.
Political Risk perils are highly unpredictable and can have a
catastrophic impact upon a corporation’s assets. Catlin has
the ability and appetite to cover a broad spectrum of political
risks including a corporation’s investment in a new or
existing project, bank loans to new and existing borrowers,
traders’ credit receivables and a company’s leased
assets.
Underwriting Appetite
- For corporations and traders with overseas investments, Catlin
provides equity insurance covering political risks on a single
investment or portfolio of investments
- For financial institutions, Catlin provides political risk
cover on loans to borrowers for specific projects and perils
- For financial institutions, traders, exporters and corporations
that have a repayment obligation from the sovereign or state-owned
enterprise, Catlin offers non-payment insurance
- For exporters and contractors who have mobile equipment, Catlin
offers expropriation, political violence and non-repossession
insurance
- For aircraft financing and leasing companies, Catlin offers
non-repossession insurance
- For multilaterals and export credit agencies, Catlin provides
reinsurance or co-insurance for their political risk
exposures
Coverage
- Expropriation
- Currency inconvertibility and non-transfer
- Political violence Non-repossession of aircraft and mobile
equipment
- Pre-shipment risks
- Non-payment of sovereign and sub-sovereign debt
obligations
Clients
- Corporations with overseas investments
- Financial institutions
- Contractors
- Aircraft financing and leasing companies
- Exporters
- Traders
Why Catlin?
Key differentiators include:
- Long policy periods – over five years is possible
- Large line size
- Flexible approach with empowered underwriters
- Ability and willingness to tailor cover to suit individual
needs
Download factsheet
- Business Group Leader
-
Chris King
Tel: +44 (0)20 7458 5786
Email: chris.king@catlin.com
Business Group Leader-War & Political Risk
After graduating from Loughborough University in 1995, Chris joined the Corporation of Lloyd's where he worked in the Regulatory Division as a syndicate reviewer. Chris joined Catlin in January 1998, as an underwriting assistant where, after progressing within the Marine Group, he was promoted in 2003 to class underwriter for the war and political risk account.
- Underwriter
-
Navaid Farooq
Tel: +44 (0)20 7743 8444
Email: navaid.farooq@catlin.com
Senior Underwriter
Navaid joined Catlin in March 2008 as a senior class underwriter from Zurich Financial Solutions, where he led their political and trade credit risk team in London. Prior to Zurich, Navaid was an associate director at Standard & Poor's, where he worked as a sovereign credit credit analyst for three years. Navaid joined Standard & Poor's after having finished his MBA and Master's in International Relations at Yale. Navaid also holds a Master's of Economics from the University of Western Ontario.
-
Will Steeds
Tel: +44 (0)20 7743 8478
Email: will steeds@catlin.com
Underwriter
Will Steeds joined the Lloyds Graduate Scheme in 1997 before moving on to become a political risk underwriter at DP Mann Syndicate in 1999. He moved to SVB in 2004 before joining Catlin Bermuda in 2005. He is a graduate of King's College London in War Studies. Will returned to the London office in July 2007.
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