Our Customers
Target business
- Commodity traders
- Exporters/manufacturers
- Global banks
- Multilateral organizations
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
Manufacturers of products, including but not limited to:
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.
Related
What’s happening at AXIS
Related news and updates across the organization
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.
