TRADE CREDIT & POLITICAL RISK

 

Allied World offers short and medium-term credit and political risk insurance targeting exporters, importers, financial institutions, contractors and investors. We take a personalised approach with every client because “one size fits all” simply does not apply in this day and age. Our expert underwriters craft coverage for the unique exposures of each deal. Coverage is available for clients located worldwide.

 

PRODUCT FEATURES 

Coverage is offered for the risks of:

  • Non-Payment
  • Non-Performance
  • Unfair Calling of Guarantee
  • Political Force Majeure

 

TARGET CLIENTS

Exporters

  • Non-payment coverage for short-term and medium-term exports to both private and public sectorbuyers. Policies can be written for one-off transactions and for multi-buyer programs.
  • Pre-shipment covers to protect exporters with long lead times against the insolvency of the buyer and various political risks which render contractual performance impossible.

 

Importers

  • Non-payment and non-performance coverages in respect of advance payments and pre-financings that have been made to foreign suppliers.
  • Trade credit insurance facilities for importers. Policies can be written to cover both short and medium-term imports and can be issued to one supplier or many different suppliers.

 

Contractors

Contract Repudiation and Unfair Calling of Guarantee Cover.

 

Financial Institutions

  • Non-payment for both short-term and medium-term trade and export finance to both private and public sector buyers.
  • Structured commodity finance transactions.
  • Lender’s Interest coverage for both project and investment assets which protect against the failure or inability of the borrower to repay the loan as a result of various political perils.

 

Investors

  • Permanent Investments – Coverage is available for companies investing in foreign markets against confiscation, expropriation, nationalization or deprivation; loss caused by forced abandonment, forced divestiture, war, strikes, riots and civil commotion; and the risk of inability to convert and transfer earnings or principal from the investment.
  • Mobile Assets – Cover for mobile assets such as vehicles, plant and machinery, stocks of commodities etc. caused by loss due to perils as outlined above for permanent investments.

 

LIMITS

  • Up to $25 million per Obligor/Guarantor and for credit terms of up to five years.
  • No classes of business excluded.

 

MULTINATIONAL COVERAGE

For more information on Multinational Coverage available via our ALLIED WORLDWIDESM platform,please contact the listed underwriters or visit us online at www.awac.com/alliedworldwide.

 

NEWS UPDATE:

To view our latest press releases, please… Read More

WHAT'S NEW

New!  Allied World Launches Brand Campaign in Singapore and Hong Kong. Click here to view the campaign.

 

 

New!  Allied World // FrameWRX SM is our proactive risk management solution designed to empower clients to take ownership of their privacy and network security concerns.

 

Allied WorldWideSM– Allied World’s multinational insurance platform – can serve as your clients’ single-source carrier offering one program covering several exposures.  Check out the Allied WorldWide Overview Video to learn more.

 

Hear what our clients have to say about Allied World’s Claims organization

The claims culture at Allied World really starts with the claims slogan: “claims cannot be predicted, great service can be.” We VALUE our customers and the relationship we develop with each and every one. Listen to our clients and our Allied World executives discuss the claims handling process at Allied World and get to know WHO is handling your claim.

Subscribe to our RSS feed
gif

New York, NY, U.S.A.

#

Contact: Theana Iordanou

199 Water Street, 24th & 29th Floors
New York, NY 10038

T: +1-646-794-0500

See map

Los Angeles, CA, U.S.A.

#

Contact: Bobby Bowden

550 South Hope Street, Suite 1825
Los Angeles, CA 90071

T: +1-213-416-1400

See map

Hong Kong Wan Chai

#


7th Floor
28 Hennessy Road
Wanchai, Hong Kong

T: +852-3405-7888 F: +852-3405-7999

See map

Singapore Treaty

#

Contact: Bruce Ford
8 Marina View
#35-04/05
Asia Square
Tower 1
Singapore 018960

T: +65-6631-2500

See map

Costa Mesa, CA, U.S.A.

#

Contact: Mark Kleabir

600 Anton Boulevard, Suite 1020
Costa Mesa, CA 92626

T: +1-657-859-3300

See map

San Francisco, CA, U.S.A.

#

Contact: Matthew Meyer

100 Pine Street, Suite 2100
San Francisco, CA 94111

T: +1-415-262-8170




See map

Chicago, IL, U.S.A.

#

Contact: Todd Sutherland

311 South Wacker Drive, Suite 1100
Chicago, IL 60606

T: +1-312-646-7700

See map

Boston, MA, U.S.A.

#

Contact: Dick Jodoin

160 Federal Street, 6th floor
Boston, MA 02110

T: +1-857-288-6000

See map

Dublin, Ireland

#

Contact: Julian James

3rd Floor
Georges Quay Plaza, Georges Quay
Dublin 2
Ireland

T: +1-353-1-436-1400

See map

London, United Kingdom

#

Contact: Julian James

20 Fenchurch Street, 18th and 19th Floors
London EC3M 3BY, England

T: +44-207-220-0600 Fax: +44-207-220-0601

See map

Zug, Schweiz

#

Contact: Todd Germano

Park Tower 15th Floor
Gubelstrasse 24, 6300
Zug
Switzerland

T: +41-41-768-1080

See map

Atlanta, GA, U.S.A.

#

Contact: Jeff Anderson
3424 Peachtree Road NE, Suite 550
Atlanta, GA 30326

T:+1- 678-704-8400



See map

Farmington, CT, U.S.A

#

Contact: Sue Chmieleski

1690 New Britain Avenue, Suite 101
Farmington, CT 06032

T: +1-860-284-1300

See map

Dallas, TX, U.S.A.

#

Contact: Daniel Frunzi

Addison Circle One, Suite 1025

15601 Dallas Parkway

Addison, TX 75001

T: +1-469-248-4000

See map

Bermuda

#

Contact: Frank D'Orazio

27 Richmond Rd.
Pembroke HM 08
Bermuda

T: +1-441-278-5400 F: +1-441-296-3428

See map

Philadelphia, PA, U.S.A.

#

Contact: Michael Sobel

Allied World Assurance Company (U.S)
30 S. 17th Street
Suite 1600 16th Floor
Philadelphia, PA 19102

T: +1-267-800-1800

See map

Miami, FL, U.S.A.

#

Contact: William Turkel
Allied World Assurance Company, Ltd
Suite 802, 800 Brickell Avenue,
Miami, Florida 33131

T: +1-786-362-8000

See map

Toronto, Ontario, Canada

#

Contact: Gordon Kerr
Allied World Specialty Insurance Company
200 King Street West
Toronto, Ontario M5H 3T4 Canada
647.558.1120

See map

Sydney

#

264 George Street
Australia Square, Level 21
Sydney, NSW, 2000, Australia

T:+612 8015 2500 F: +612 8015 2549

See map

Hong Kong Quarry Bay

#


32/F, Dorset House, Taikoo Place
979 King's Road
Quarry Bay, Hong Kong

T: +(852) 2968-3000 F: +Fax: (852) 2968-5111

See map

Singapore Main Office

#

8th Floor
60 Anson Road #08-01
Mapletree Anson
Singapore 079914

T: +(65) 6423 0888 F: +Fax: (65) 6423 0798

See map

Labuan, Malaysia

#

Labuan Registered Address
Level 8(B), Main Office Tower
Financial Park Labuan
Jalan Merdeka
8700 Labuan F.T

Suite 9-02, 9th Floor, Menara Hap Seng
Letter Box 77, Jalan P. Ramlee, 50250
Kuala Lumpur
T: +603 2078 3188

See map

We’re always open to new ideas and opportunities. If you would like to embark on a new journey with us – share ideas regarding products, services, distribution, partnerships, or any other opportunities you may have – please feel free to contact us using the fields below:

First Name:      

Last Name:      

Company:        

Email Address:

Field 'First Name' needs to be filled Field 'Last Name' needs to be filled Field 'Company' needs to be filled Field 'Suggestion' needs to be filled Field `E-mail` needs to be filled Email needs to be in this format: jsmith@example.org