Insures overseas assets against the perils of expropriation, political violence (including war and terrorism), currency inconvertibility and the wrongful calling of on-demand guarantees.
Insures against the risk of non-payment by foreign governments on cross-border loans or contracts.
Industry-leading limits of up to $150M, multi-year policies with non-cancelable limits (up to 15 years, average 3-5 years) and worldwide coverage.
Four decades of experience and expertise with dedicated underwriters who help clients with large Political Risk programs
Dedicated Political Risk underwriters in the U.S. (New York, Chicago and Seattle) and around the world (Toronto, London, Tokyo and Singapore) provide clients with a global network, relationships and expertise.
Specialized claims team leverages our 30+ years’ experience and expertise to understand clients’ losses.
Over $520M in global claims paid since 1990.
Challenge: A producer and distributor for the infrastructure and agricultural markets conducts business in key emerging markets around the world.
Challenge: A contractor faced several challenges around their equipment overseas: working on a foreign military base, political violence that could damage or force evacuation/abandonment of their equipment and government restrictions that might make it impossible to move the equipment out of the country once the work was completed.
Challenge: A large oil and gas services company was forcibly taken over by a South American country.
Solution: AIG provided coverage needed for the perils of expropriation, political violence and currency inconvertibility.
Solution: AIG Political Risk policy was put in place that provided the necessary coverage due to the client’s property policies not providing the coverage.
Solution: The company was able to draw down on a $50M limit provided by AIG’s Political Risk policy.
Benefit: AIG was selected by the client, despite a lower-priced competitor’s option, due to its long-term commitment to Political Risk, membership in the Berne Union and dedicated claims expertise.
Benefit: AIG’s policy allowed the contractor to focus on the very technical aspects of the job while transferring the inherent emerging market risk of a small South American country where it had never done work before.
Benefit: AIG’s claims experts assisted the client to recover their assets, allowing them to begin work again and avoid larger losses in the same country.
Head of Political Risk and
Structured Credit Insurance, North America
Vice President and
Zonal Underwriting Manager (Central)
Vice President and
Zonal Underwriting Manager (West)
Underwriting Specialist (East)