The Company also caters for its clients’ political risk insurance requirements that protect exporters, traders, investors and financiers against political events and government action in emerging markets.
The insurances that the company handles include; confiscation, expropriation and nationalisation (“CEN”) and breach or frustration of a contract or concession agreement. Currency inconvertibility cover is also offered.
Investments and projects may also be vulnerable to actions by the government of the investor’s own country, for example, the imposition of sanctions requiring the owner to divest its shareholding or abandon its operations.
