Political risk and trade credit insurance

Our team advises political risk, trade credit and surety insurers on policy coverage, dispute resolution, policy drafting, new product development, subrogated recoveries, trade sanctions and regulation worldwide.

We act for leading insurers in this dynamic but challenging class.

We are often instructed at the underwriting phase to work closely with underwriters to assess underlying insured risks and contracts, negotiate policy wordings, and to advise on the regulatory environment in the UK, the US and across the world. With our knowledge of the special features of this class, we help get the deal through.

Our aim is to provide a thorough advice at the outset and, where necessary, robustly to defend our clients and to pursue recoveries where possible.

Our lawyers

The team, led by Andrew Tobin who has specialised in political risk and trade credit insurance for many years, works closely with our market leading surety team

Our experience

  • Protected clients facing multiple banking default claims arising from global financial crisis
  • Regularly advise on sensitive trade sanction issues
  • Successfully avoided pre-export finance policy for non-disclosure of material facts
  • Defended Russian law credit insurance claims
  • Successfully defending travel industry bond insurers
  • Pursue subrogation against state for non-honouring guarantee

Our clients

  • Multiple Lloyd’s Syndicates
  • Leading international insurance companies
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