Political & Financial Risks

With an experienced and highly capable team, Antares is a leading provider of credit and political risk insurance to banks, export credit agencies, multilateral institutions and corporates.

The business benefits from the consistently strong security ratings assigned to Lloyd’s: “AA-” from Standard & Poor’s, “AA-” from Fitch and “A+” from A.M. Best.

The Political and Financial Risks team have the ability to provide solutions addressing the full range of credit and political risk perils, including:

Credit Risk:

  • Non-payment and non-performance
  • Pre and post shipment losses

Political Risk:

  • Expropriatory acts by a host government
  • Currency inconvertibility
  • License cancelation
  • Physical damage to operations, or forced abandonment, due to war or terroris

The team particularly focuses on the provision of credit insurance, covering non-payment by sovereign entities (termed contract frustration) – as well as private and quoted companies (termed credit) – under trade and non-trade financings. We have a broad remit and expertise spanning a wide range of asset classes, including general corporate, commodity, asset (shipping, aviation and real estate), project, trade and sovereign financing. We have the ability to provide coverage for up to 12 years on credit insurance policies, and up to 15 years for contract frustration policies.

The Political and Financial Risk team have a wide geographical footprint with the capability to underwrite risks on the Lloyd’s London, Lloyd’s Brussels and Lloyd’s Singapore platforms, aligning the team to key client locations. 

We adopt a client-centric and partnership approach, through establishing long-term working relationships with our insureds (via a small number of specialised brokers). This, together with our insight on latest market/economic dynamics and technical understanding, enables the team to provide timely and high-quality service to our clients. 

Key features
  • Dedicated and dynamic team committed to first-class service with swift response times
  • A leading position within the obligor default market, with widely recognised analytical and technical capabilities
  • A broad risk appetite spanning both developed and emerging markets for trade and non-trade transactions involving investment grade and high-yield obligors
  • Ability to offer increased capacity through the Antares Political and Financial Risk Consortium.
  • Line sizes of up to $30m and tenors out to 15 years

Key Contacts:

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James Thomas Class Underwriter, Political & Financial Risk +44(0)207 959 1856 [email protected]
Callum Matthews Deputy Underwriter, Political & Financial Risk +44(0)207 959 1919 [email protected]
David Motherway Underwriter & Analyst, Political & Financial Risk +44(0)207 959 1811 [email protected]
Oliver Heath Underwriting Assistant, Political & Financial Risks +44(0)207 959 1916 [email protected]

Head of Division

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Martin Campbell Head of Specialty +44(0)207 959 1834 [email protected]

Location

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Lloyd’s Box: Box 180, Gallery 1, Lloyd’s / Hours: 15.00–16.30 (or by appointment)

 

London Office: 21 Lime Street, London, EC3M 7HB