.jpg?rev=bec94323a1954ae0ab0b9ad0b968ca83&sc_lang=en&hash=3341A979B6A890302F61ED74406B1596)
Trade Credit, Surety and Political Risk Reinsurance
¾ÅÉ«ÊÓÆµReinsurance supports trade credit, surety bond and political risk insurers in their role as vital and stabilizing forces in global economic development. In this line of business we are a core reinsurer providing excellent service, flexibility and innovation to foster our clients’ growth.
Client Profiles
Reinsurance Type:
We provide proportional and non-proportional reinsurance both for treaty and facultative transactions. Our dedicated team offers strong expertise to structure and price tailor-made and flow deals.
Product Coverage:
- Credit: Short-Term Business. Protects Sellers against Insolvency, Protracted Default and unwillingness to pay from their Buyers.
- Whole Turnover: Most common form, covers all (or a pre-defined set) of the seller‘s short term receivables (usually 30-180 days payment terms)
- Excess of Loss: “peak risk cover” with very high annual aggregate deductibles
- Surety: Short-to-Medium Term Business. Various types of surety bonds exist but broadly can be grouped into two categories:
- Commercial Surety Bonds: i.e. customs and license bonds
- Contract Surety Bonds: i.e. construction performance bonds
- Political Risk: Medium-to-Long Term Business. Protects corporates from:
- CEND: Confiscation, Expropriation, Nationalization & Deprivation
- Contract Frustration
- Medium-Term Credit
Typical Ceding Company:
Our client portfolio is very well diversified in number and by geographical spread. Within this portfolio we have a mix of regional, national and multinational cedants. The client base comprises multiline insurers with dedicated departments, specialized monoliners, captives and export credit agencies.
Territorial coverage:
Our Zurich-based team has authority to underwrite on a worldwide basis.
Submissions:
Our book is written both through brokers and directly with clients.
Case Studies
Industry Memberships:
We are members of the following industry associations: