Political risk and trade credit insurance

Our team advises political risk and trade credit insurers on claims, underwriting, product development, regulation and subrogated recoveries worldwide.

We are leaders in this specialist class of business, drawing not only on legal knowledge but also upon our deep understanding of the practices, history, and relationships in the London Market.

At the underwriting phase we work closely with underwriters to negotiate policy wordings, and to advise on the regulatory issues worldwide.

When claims arise our philosophy is always to provide clear and thorough advice at an early stage.

Should disputes arise we robustly defend our clients in arbitration or litigation wherever in the world that is necessary. 

Our lawyers

The team is led by Andrew Tobin who has specialised in political risk and trade credit insurance for many years, with the assistance of a team of very experienced Principal Associates and Associates.

Our experience

  • Successfully defend confiscation, expropriation, nationalisation deprivation (“CEND”) claim; solar farm, India.
  • Successfully defend CEND claim, grain silos, Central Asia.
  • Successfully defend trade credit insurance claim, heavy plant delivery to Central America.
  • Protected clients facing multiple banking default claims arising from global financial crisis of 2008 etc.
  • Successfully avoided pre-export finance policy for non-disclosure of material facts (soya).
  • Defending contract frustration claim, Middle East (confidential).
  • Successfully defending travel industry bond insurers.
  • Helping underwriters negotiate critical wordings and endorsements.
  • Pursue subrogation against state for non-honouring guarantee.
  • Defending political violence claims worldwide, including the Thailand Riots of 2008, Arab Spring, Mexico Petrol Riots of 2017, Chile riots 2019, Civil War in Yemen, Evacuation of Afghanistan 2019.

Our clients

  • Multiple Lloyd’s Syndicates

Legal resources you may find useful

  • Our political risk team complements well with our political violence team. Click here to read more.

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