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.
