BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Hartford unveils credit, political risk policies

Hartford unveils credit, political risk policies

Hartford Financial Services Group Inc. said Thursday it is introducing credit and political risk insurance policies designed to help policyholders with international exposures manage their credit and political risk.

The credit insurance provides nonpayment coverage on trade and export finance exposures, the insurer said.

It said the coverage can provide the capacity their policyholders demand without requiring a syndication of the risk to their competitors, manage overall counter-party and country aggregates, and achieve regulatory capital relief for the exposure they insure.

The political risk insurance protects policyholders’ investments against various political risks such as expropriation, political violence and currency incontrovertibility, Hartford said.

It said its coverage can assist with mobile assets such as oil equipment that needs to be in a foreign country for a finite period of time, investments in manufacturing facilities globally where clients have committed significant capital and have become dependent on to produce the goods they export, and infrastructure investments to which private equity firms have committed large amounts of investments for a long period of time.

Hartford said in addition to its political risk and credit insurance underwriters it also has a country, credit and economic research team to help clients understand the geopolitical landscape.




Read Next

  • Hartford unveils cyber response policy

    The Hartford Financial Services Group Inc. has introduced CyberChoice First Response, a policy designed to help protect businesses against cyber attacks.