Additional Political Risk Coverages

Currency Inconvertibility

Protects local currency dividends, debt service, return of capital by a foreign government or private sector buyer

 

Non-Honoring

  • Covers non-payment of financial obligations of sovereign governments, state owned enterprises and other quasi-sovereign entities.

License Cancellation

  • Protects the insured when licenses that are fundamental to the operation of a project are cancelled by the host government without cause, resulting in the termination of the project.

Wrongful Calling of Guarantees

  • Covers wrongful calling of performance or bid bonds, standby letters of credit or similiar on demand guarantees.

900 West Valley Road, Suite 701 | Wayne, PA 19087
Tel. 484-595-0100 Fax. 484-582-0111

P.O. Box 3665, Tyger Valley, Cape Town 7536 South Africa
Tel. 072-308-1112