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Overview
Cover for geopolitical exposures
International trade increasingly crosses regions affected by conflict, political instability and government intervention. These exposures often fall outside standard cargo cover and require a specific cover.
We support clients with arranging war cover in high-risk or excluded areas such as the Black Sea, Red Sea, and Gulf of Aden. Cover can be provided for goods and vessels while in transit, as well as during loading and discharge operations.
We also arrange Political Violence and Political Risks Insurance for onshore assets, including goods and property.
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What's included
These insurance solutions may cover:
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War, strikes, riots and civil commotion (WSRCC) for goods shipped and vessels sailing through high-risk or excluded areas, including cover during transit, loading and discharge.
Political Violence cover for fixed and moveable assets on land against war, coup d’état, terrorism, strikes, riots, civil commotion, malicious damage and looting.
Political Risks cover for confiscation, expropriation, nationalisation, deprivation and other forms of government interference.
Financial losses such as currency inconvertibility, contract frustration and non-honouring of sovereign guarantees.
As with any policy, cover is subject to its terms, conditions and exclusions. Capacity, pricing and geographical restrictions can change quickly as geopolitical events develop, so we monitor the markets closely and advise on the appropriate structure for each exposure.
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Who it's for
Commodity traders, ship-owners and charterers, importers and exporters, manufacturers and other internationally active businesses exposed to conflict zones, politically unstable markets or government intervention.
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Talk to us about
war and political risk cover
Tell us where your goods travel, and through which regions, and we'll structure cover that fits your routes and the exposures they carry.