Property / Political and Financial Risks

Political Risk and Financial Risks

Political and financial risks threaten your company’s income and investments in new and existing markets. Starr’s coverage protects you from monetary loss tied to equity stakes, cross-border loans, physical assets, and more. Drive your business forward backed by global expertise and responsive support that keeps you resilient when risks arise.

Risk Appetite

For Corporates or Project Developers looking to mitigate political risks to their investments or assets:

  • Confiscation, Expropriation, Nationalisation
  • Expropriation related perils including Forced Abandonment, Forced Divestiture, Selective Discrimination, Political Violence and License Cancellation
  • Arbitration Award Default
  • Currency Inconvertibility / Non-transfer
  • Mobile Asset / Comprehensive Contractors’ Plant and Equipment (CCPE)

For Financial Institutions, Importers and Exporters, Project Developers and Contractors looking to mitigate non-payment risk on loans or contracts:

  • Comprehensive non-payment of loans or sales contracts with government buyers
  • Contract frustration due to political risk perils
  • Non-honouring of sovereign / Quasi-sovereign obligations
  • Pre / post shipment or delivery due to political risk perils (including, but not limited to War / Civil War; SRCC, Blockade, License cancellation) – additional coverage options for fair and unfair calling of bonds

Market Leading Capacity

  • Up to USD 30m for any one risk with higher limits available through syndication
  • Able to use either Company or Lloyd's Syndicate paper
  • Coverage can be on a Primary, Excess or Quota Share basis
  • Coverage is offered for both single situation and multi-country programs 

Key Competencies

  • Ability to offer longer-term coverages of up to 10 years
  • Policies are tailored to each individual risk
  • We offer coverage for political risks across the globe

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