Iria

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Insurance Companies

Company Market Sheet
(Political Risk & Credit)
2017 Underwriter Capacity & Tenor
Last updated: August 2017

Line size Tenor
Underwriter CF PR CR CF PR CR Rating
AIG $150m $150m $75m 15 15 10 S&P 'A+' 
Aspen (AIUK) $100m $100m $100m 15 15 8 S&P 'A' *
Atradius $100m $50m $100m 7 7 7 AM Best 'A' (Excellent)
Allied World Assurance Company (Europe) Ltd $25m $25m $25m 7 7 7 S&P 'A-'
AXIS $50m $50m $50m 101010 S&P 'A+'
Chubb $100m $150m $25m 15155 S&P 'AA'
Coface SA €100m €100m €100m 10 10 10 Fitch 'AA-' 
Credendo €25m €25m €25m 7 7 7 Fitch 'A-' 
Dhaman $80m $80m $80m 10 15 7 S&P 'AA'
DD $50m $50m $50m 15 15 10 S&P 'AA'
Endurance Worldwide Insurance Ltd $40m $40m $40m 7 7 7 S&P 'A'
Euler Hermes $125m $125m $125m 10 10 10 S&P 'AA-'
Fidelis $125m $125m $125m 12 12 12 AM Best 'A-'
HCC $50m $50m $50m 7 7 7 S&P 'AA-' 
Ironshore $40m $40m $40m 7 7 7 AM Best 'A'
Lancashire $75m $200m - 10 10 - S&P 'A-'
Liberty Mutual $100m $100m $100m 15 15 7 S&P 'A' **
Markel International Insurance $50m $30m $150m 7 7 7 S&P 'A'
Sovereign $80m $80m - 15 15 - S&P 'AA'
XL Catlin $150m $150m $150m 20 20 15 S&P 'A+'
Zurich $150m $150m $75m 15 15 5 S&P 'AA-'

Legend:

  • Line Size refers to the maximum amount a specified underwriter can underwrite per risk. 
  • CF signifies “Contract Frustration”, i.e. policies that cover against government obligor default.
  • PR signifies “Political Risk” insurance including inter alia CENDPolitical Risk Insurance for LendersPolitical Risk Insurance for Equity Investors and CCP.
  • CR signifies “Credit” (or Comprehensive Credit), i.e. policies that cover against private obligor default.
  • * CF/PR - 15 years behind world bank entities
  • ** CF - 15 years with ECA / 10 years without

Notice: The companies' market sheet provided above is a summary of our understanding of the underwriters’ capabilities at the time of update and may contain some errors or inaccuracies. Details, especially ratings, may change at any time.