AIG provides tailored cover for financial institutions, investors, exporters, importers, corporates and state-owned companies that conduct business abroad, offering global, non-cancellable and multi-year political risk insurance policies.
Why Choose AIG for Political Risk Insurance
While pursuing opportunities in emerging markets around the world brings a range of benefits, operating in a foreign country also comes with serious risks.
A long-term provider of political risk insurance, we provide clients (and tenors) with stability, in-depth sector expertise, meaningful capacity and coverage for complex transactions.
AIG Political Risk insurance is for international investors, corporates and state-owned companies, helping protect against the losses from political instability.
Backed by decades of experience, AIG can provide a proven tailored coverage to investors, financial institutions, exporter, importers and corporate clients depending on political and credit risk needs.
Market Leading Capacity
Policy terms for up to 20 years, with limits of up to $150 million available for a single risk.
Bespoke Cover
Structured coverage to meet customers’ unique exposures and geographical position. For banks we are able to provide capital relief with a Basel III compliant non-payment policy.
Broad Cover
Coverage across trade and non-trade asset classes including term loans, revolving credit facilities, export finance loans and pre-export financings.
Political Risk Perils
Non-credit Political Risk protection for an extensive range of overseas exposures including equity investments, physical assets, cross-border loans, and contracts for goods and services.
Global Reach
Global product with underwriters based in various regions globally offering solutions to our clients who are global in nature too.
AIG Credit Solutions
AIG Political Risk insurance covers all types of losses due to political action and instability, so that corporates and financial institutions can lend, trade and invest in developing markets with confidence.
Preference for insuring core financial institutions and multilaterals against non-payment by sovereign or sovereign-owned entities with a focus on:
Key infrastructure projects preferably with Export Credit Agencies
Amortising loan profiles
Top tier obligors in selected emerging markets
Appetite for a wide range of secured and unsecured structures (loans, repurchase agreements, derivatives, asset backed lending etc.)
Preference for insuring top tier financial institutions against non-payment by corporate obligors with a focus on:
Ratings of between BB- and BBB+
Trade and non-trade related transactions
Appetite for a wide range of secured and unsecured structures (loans, repurchase agreements, derivatives, asset backed lending etc.)
Preference for insuring multinational corporates and lenders, mainly in emerging markets against named political perils with a focus on:
Institutions with long experience in emerging markets
Multi-country programmmes across varied geographies
Risks based in markets where we have experience/appetite
Preference for coverage at a senior debt level in project financing structures with a focus on:
Variety of industries with specific focus on power, renewable energy, oil & gas, infrastructure, transportation, telecommunications and mining (subject to AIG’s Environmental, Social and Governance (ESG) criteria)
Strong rated offtakers and reputable project parties involved
Risks based in sectors where we have specific knowledge and expertise
Preference for insuring excess of loss tranches with a focus on:
Pools of corporate credit exposure where the internal rating of tranche is BBB- and above. Project Finance possible with <20 years tenor
Underlying assets originated in the ordinary course of insureds’ business
Un-funded Significant Risk Transfer (SRT) tranches, with replenishment/eligibility criteria
Disclosed pools. Anonymised possible subject to criteria
