Trade Credit & Political Risk Singapore

 

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


Multinational Coverage: To learn more about our multinational offering, Allied WorldWide®, click here.

 

KEY CONTACTS

Iain MacLeod
Senior Vice President
Business Development
Email
 

138 Market Street
CapitaGreen #05-02
Singapore 048946

 

Atlanta

Contact: Jeff Anderson

3424 Peachtree Road NE, Suite 550

Atlanta, GA 30326

Phone:

T:+1- 678-704-8400

Bermuda

Contact: Mike McCrimmon

27 Richmond Rd.

Pembroke HM 08

Bermuda

Phone:

T: +1-441-278-5400

Boston

Contact: Dick Jodoin

160 Federal Street, 6th floor

Boston, MA 02110

Phone:

T: +1-857-288-6000

Chicago

Contact: Todd Sutherland

311 South Wacker Drive, Suite 1100

Chicago, IL 60606

Phone:

T: +1-312-646-7700

Costa Mesa

Contact: Mark Kleabir

600 Anton Boulevard, Suite 1020

Costa Mesa, CA 92626

Phone:

T: +1-657-859-3300

Dallas

Contact: Daniel Frunzi

Addison Circle One, Suite 1025

15601 Dallas Parkway

Addison, TX 75001

Phone:

T: +1-469-248-4000

Dublin

Contact: Lee Dwyer

3rd Floor

Georges Quay Plaza, Georges Quay

Dublin 2

Ireland

Phone:

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

Farmington

Contact: Sue Chmieleski

1690 New Britain Avenue, Suite 101

Farmington, CT 06032

Phone:

T: +1-860-284-1300

Hong Kong

22/F, One Island East, Taikoo Place

18 Westlands Road

Quarry Bay, Hong Kong

Phone:

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

Labuan

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

London

Contact: Julian James

20 Fenchurch Street, 18th and 19th Floors

London EC3M 3BY, England

Phone:

T: +44-207-220-0600

Los Angeles

Contact: Bobby Bowden

550 South Hope Street, Suite 1825

Los Angeles, CA 90071

Phone:

T: +1-213-416-1400

Miami

Contact: William Turkel

Allied World Assurance Company, Ltd

Suite 802, 800 Brickell Avenue,

Miami, Florida 33131

Phone:

T: +1-786-362-8000

New York

Contact: Theana Iordanou

199 Water Street, 24th & 29th Floors

New York, NY 10038

Phone:

T: +1-646-794-0500

Philadelphia

Contact: Michael Sobel

Allied World Assurance Company (U.S)

30 S. 17th Street

Suite 1600 16th Floor

Philadelphia, PA 19102

Phone:

T: +1-267-800-1800

San Francisco

Contact: Matthew Meyer

100 Pine Street, Suite 2100

San Francisco, CA 94111

Phone:

T: +1-415-262-8170

Singapore Main Office

8th Floor

60 Anson Road #08-01

Mapletree Anson

Singapore 079914

Phone:

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

Singapore Treaty

Contact: Bruce Ford

138 Market Street

#05-02 CapitaGreen Building

Singapore 048946

Phone:

+65 6631 2500 Fax +65 6631 2520

Sydney

264 George Street

Australia Square, Level 21

Sydney, NSW, 2000, Australia

Phone:

T:+612 8015 2500

Toronto

Contact: Gordon Kerr

Allied World Specialty Insurance Company

200 King Street West

Toronto, Ontario M5H 3T4 Canada

Phone:

1-647-558-1120

Zug

Contact: Marie-Laure Queneuder

Park Tower 15th Floor

Gubelstrasse 24, 6300

Zug

Switzerland

Phone:

T: +41-41-768-1080