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Political risk

Political Risk is one of the most innovative and exciting classes of insurance. We played an active role in creating the original private market political risk insurances placed in the 1970s and have been a recognised market leader ever since. When the Lloyd’s Market began to underwrite export credit insurance in the 1990s, we developed an expertise in Trade Credit insurance.

Our contentious practice has handled numerous claims in countries ranging from Afghanistan through to Zambia. In addition to claims triggered by war, revolution, coups d’état and other political violence such as terrorism, the revival of resource nationalism has brought with it claims arising from government intervention and non-performance around the globe.

"THIS FIRM IS NOTED FOR ITS EXPERTISE ON HIGH-VALUE INSURANCE AND REINSURANCE DISPUTES..." CHAMBERS & PARTNER 

As specialists in this sector we can help you with everything from drafting and advice on policy wordings; guidance on actions to be taken when claims situations threaten; review of claims under the policies (and reinsurances); and, when required, the resolution of any disputes either amicably or by way of litigation/arbitration. An important part of our role has been the preservation, pursuit and enforcement of recovery rights against third parties including the intrusive state or government institution responsible for a political risk.


We are familiar with all types of policy, including Confiscation Expropriation Nationalisation and Deprivation (CEND), Contract Frustration (CF), Terrorism, Political Violence and Comprehensive Contractor’s Plant (CCP). Whatever problem you face, you can be confident that we will have dealt with a similar problem before. Our industry expertise means that in addition to expert legal advice we can provide you with real commercial insight. We can advise you on:

  • Expropriation, Nationalisation, Confiscation and Deprivation of assets and investments
  • Political Violence: War, Terrorism, Riots, Strikes, Civil Commotion, Malicious Damage
  • Forced abandonment/divestiture of assets
  • Embargo and licence cancellation
  • Currency inconvertibility and non-transfer
  • Breach of Concession Agreements
  • Non-honouring of arbitration awards or court judgments
  • Pre-shipment risks
  • Non-honouring of sovereign and sub sovereign debt obligations such as guarantees or letters of credit
  • Non-repossession of aircraft and mobile equipment
  • Subrogated recovery actions, including those against sovereigns under Bilateral Investment Treaties 
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