Political Risk

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Political Risk

The Talbot Political Risk team underwrites specialist insurance cover for political and credit risks to a range of clients including:

  • Banks
  • Government agencies
  • Commodity traders who are investing and transacting business in emerging markets

We offer solutions for clients with a global asset base and/or bespoke policies for specific transactions and risks. Due to the complexity of political risk claims our underwriters work closely with the claims experts to ensure claims are settled fairly and on-time. 

Why Talbot

At Talbot we are recognised as a lead in the Lloyd’s market and our team in London, Singapore and New York has a wealth of experience and in-depth knowledge of commercial counterparty, sovereign and country risks across a wide variety of sectors, geographies and structured trade finance products. 

Doing business overseas carries many financial risks. The ‘new normal’ around the world includes volatile global economies, an increase in geopolitical risk and unpredictable government actions; these form the political risks of doing business in a country. Talbot’s Political Risk policies indemnify the insured in respect of loss to an asset or an investment located in a foreign country arising from actions of the foreign government. 

This includes confiscation, expropriation, nationalisation, deprivation, embargo, currency inconvertibility and exchange transfer. Talbot coverage can also indemnify the insured in relation to the provision of assets, goods or services and/or financing for the non-performance of a valid contractual obligation or in relation to the calling of a valid contractual bond.

Why Talbot How Talbot adds value What this means for customers
Customer first philosophy with a claims focus
  • Service levels are paramount to Talbot’s business model. 
  • Dedicated claims team, collaborating with customers at the initial underwriting stage.
  • High quality service with quick turnaround times and regular updates on progress. 
  • Claims are managed by highly experienced professionals, efficiently and with a high degree of care and sensitivity.  
  • The claims team understand the client and get a clear picture of potential risks.
Expertise
  • Highly experienced team provides greater insight, competitive pricing and products. 
  • Credit analysis provided by recognised industry experts. 
  • Collaborations with recognised third party credit experts and analysts.
  • Access to some of the best political risk intelligence and analysis in the market, with the ability to remain ‘informed and current’ on the latest risks – real and potential.
Thought leadership
  • Over a century of specialist knowledge across the team.
  • Access to some of the most in-depth expertise in the market, managed by an industry-leading thought champion with decades of experience.
Global reach and experience 
  • London, New York and Singapore hubs with regional expertise and full Lloyd’s licences. 
  • Close collaborative relationships with global Talbot and AIG colleagues. 
  • Each location has full line authority.
  • Talbot offers a local perspective together with a wider world view. 
  • Local experts have authority to underwrite locally.
Flexible
  • Willing to discuss and develop bespoke cover if required.
  • Offering an advanced, constantly evolving suite of political risk products to the market.

 

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Contacts by region

Jinfeng Zhang

Class Underwriter - Political Risk

T+65 6303 9531

jinfeng.zhang@talbotuw.com

Kong Tat Goh

Assistant Underwriter – Political Risk

T+65 6511 1414

kongtat.goh@talbotuw.com

Andrew Summers

Head of Political Risk

T+44 20 7390 5691

andrew.summers@talbotuw.com

Andrew Bickmore

Senior Underwriter

T+44 20 7550 3509

andrew.bickmore@talbotuw.com

Aneeka Ahmed

Class Underwriter

aneeka.ahmed@talbotuw.com

Chris Crane

Class Underwriter

T+44 20 7390 5691

chris.crane@talbotuw.com

George Goodliffe

Class Underwriter

T+44 20 7550 3559

george.goodliffe@talbotuw.com

Russell Fisher

Chief Credit Officer

T+44 20 7550 3708

russell.fisher@talbotuw.com

Luca Ravasio

Credit Risk Analyst

luca.ravasio@talbotuw.com

Greg Collis

Assistant Underwriter

greg.collis@talbotuw.com

Corina Monaghan

Senior Vice President - Head of Political Risk & Trade Credit

T+1 212 785 6075

corina.monaghan@validusuw.com