Political Risk Insurance
RedRay is proud to be able to provide market-leading expertise to our (re)insurance partners for this niche insurance product, which is experiencing increasing demand in light of the volatile global geopolitical landscape.
The product is suitable for traders, lenders, contractors, export credit agencies and multilateral agencies engaged in cross border investment and lending. Our partners can offer policy periods up to 20 years and limits up to US$ 50m across a variety of coverages including those described below.
Equity & Debt
Covers expropriation, currency inconvertibility/non-transfer and political violence in respect of fixed asset investments overseas or cross-border loans. May cover other political risk perils such as forced abandonment, selective discrimination, forced divestiture, license cancellation, inability to export or import and arbitration award default.
Contractors Comprehensive Plant & Equipment
Covers expropriation and political violence in respect of equipment deployed to a location oversees. May cover other political risk perils such as forced abandonment, inability to import or (re)export.
Mobile Assets
Covers expropriation and political violence in respect of mobile assets located or stored overseas. May cover other political risk perils such as inability to repossess.
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