Our Customers
Target business
- Commodity traders
- Exporters/manufacturers
- Global banks
- Multilateral organizations
Overview
We are specialist reinsurers
AXIS Credit & Political Risk Insurance provides credit solutions to help manage clients exposures to a variety of different risks. Ranging from political risks, and counterparty risks, to helping financial institutions manage their regulatory capital charges. These are offered to multinationals, government agencies and international banks as part of a diverse portfolio of risk management products. Our target sectors include banking, infrastructure, metals and mining, and oil and gas.
Today, international businesses face a never-ending exposure to fluctuating business norms and political instability. To protect against the financial impact of these risks, clients need an insurer with the global presence to understand their exposure and the capacity to pay potentially substantial claims. AXIS Credit & Political Risk Insurance policies use underwriting expertise to make sure clients have appropriate coverage for the evolving nature of credit and political risks. For the right client, AXIS can offer substantial line sizes of up to $50 million over long tenors.
Specialist with a flexible approach to underwriting
Policy periods up to 15 years
Business written globally with a line size of up to $50 million
SOLUTIONS
Tailored coverage for a variety of risk exposures
AXIS understands the many uncertainties that clients may face when contracting with international trading partners. We offer protection against non-payment by clients’ customers due to insolvency, default, and country risk.
We specialize in offering coverage for niche credit risks to a broad range of clients through carefully selected coverholders.
We offer a market for mortgage credit risk treaty business and reinsurance on a proportional and excess of loss basis. Target clients include both government-sponsored enterprises and private mortgage insurers.
The underwriters of AXIS Political Risk Insurance look beyond the headlines to help identify both obvious and lesser-known exposures in multiple countries around the world. We work closely with brokers to evaluate those risks and write policies to cover each client's needs.
AXIS understands the many uncertainties that clients may face when contracting with international trading partners. We offer protection against non-payment by clients’ customers due to insolvency, default, and country risk.
We specialize in offering coverage for niche credit risks to a broad range of clients through carefully selected coverholders.
We offer a market for mortgage credit risk treaty business and reinsurance on a proportional and excess of loss basis. Target clients include both government-sponsored enterprises and private mortgage insurers.
The underwriters of AXIS Political Risk Insurance look beyond the headlines to help identify both obvious and lesser-known exposures in multiple countries around the world. We work closely with brokers to evaluate those risks and write policies to cover each client's needs.
Capabilities
AXIS Credit & Political Risk Insurance provides the following heads of cover:
Credit protection offered includes:
- Contract repudiation
- Embargo and license cancellation
- Exchange transfer and currencies inconvertibility
- Non-delivery
- Lenders mortgage insurance/reinsurance
- Non-honoring of letters of credit
- Non-payment – private obligors
- Refusal to perform contractual obligations
- Refusal to honor arbitration awards or court judgments
- Unfair calling/fair call of on demand bonds
Political risks come in many forms:
- Aircraft repossession (under confiscation)
- Confiscation
- Expropriation
- Forced abandonment
- Forced divestiture
- Nationalization and deprivation
- Non-payment – sovereign/sub-sovereign
- Selective discrimination
- $30 Million maximum line size for credit risks
- 12 Years maximum policy period for credit risks
- $50 Million maximum line size for political risks
- 15 Years maximum policy period for political risks
Target Classes
- Commodity trader
- Coverholders
- Export credit agencies
- Exporters
- Financial institutions
- Government sponsored enterprises
- Multilateral organizations/development finance institutions
- Private mortgage insurers
Claims
We deliver on our promises
Effective resolution for customers is achieved with our highly skilled claims specialists focusing on:
- Quick decision making
- Championing your needs
- An honest approach
∗Claims examples may be based on actual cases, composites of actual cases or hypothetical claim scenarios and are provided for illustrative purposes only. Facts have been changed to protect the confidentiality of the parties. Whether or to what extent a particular loss is covered depends on the facts and circumstances of the loss, the terms and conditions of the policy as issued and applicable law.
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Find your future at AXIS
We are a global insurer and reinsurer tackling unique challenges. At the heart of it all? Our people. As unique as the risks we face.
