Published: 02-Apr- 2007 | Product Category: Global Credit
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A number of insurance companies specialize in providing selective and tailored cover against country, timing, and performance risks. These risks may include confiscation; expropriation and nationalization; unfair calling of bonds; or contract frustration.
Cover for export projects and credits of longer than two years may be available from government and multilateral agencies, often on a case-by-case basis. For loan or equity investment in other countries, cover against non-commercial risks (i.e. confiscation, war, and inability to transfer profits or dividends) is available from both private sector underwriters and the official agencies.