Our political risk team works with clients to manage their cross border portfolios and overseas investments with tailored, specialist policies. Our key clients include financial institutions, corporates, exporters, and traders. Markel has the capability to underwrite and issue policies providing access to licences across the globe in respect of both trade and non-trade related transactions.
Political risk coverage options
We can offer cover on Company or Lloyd's paper
- Contract frustration: $50m per risk and policy tenors up to 120 months
- Political risk: $30m per risk and policy tenors up to 120 months
- Single and structured credit risk: average line size of around $10m per risk and policy tenors up to 84 months
We write business on a primary and excess basis
We write business on a worldwide basis (excluding sanctioned territories)
We can offer cover which does not contain a nuclear exclusion
Key coverages include:
- Insolvency or default by either a public or privately owned entity
- Non-trade capabilities
- Pre-export finance
- Pre-shipment political risk coverage
- Unfair and fair calling of on-demand bonds
- Currency inconvertibility and exchange transfer
- Licence cancellation
- Import / export embargo
- ECA and multilateral coverage, where extended tenors are available
- Confiscation, nationalisation, expropriation, and deprivation
- Comprehensive contractors plant and equipment
- Failure to honour an arbitration award
- Aircraft and vessel repossession
- Mortgage rights insurance
- Aircraft finance
- Real estate finance

Access our detailed risk appetite information for this product and receive updates as they happen.
Contact our experts
United Kingdom
United Arab Emirates
Singapore
United States
Christen Mizell
Underwriter & Head of Midwest – Trade Credit & Political Risk, USA
Christen.Mizell@markel.com
Jennifer Chang
Underwriter & Senior Risk Analyst – Trade Credit & Political Risk
Jennifer.Chang@markel.com
Carl Titterton
Divisional Managing Director
Trade Credit, Political Risk and Surety
Carl.Titterton@markel.com
“I work with a great team who are always keen and committed to succeeding, both as a team and for Markel. I’m proud that my team have a strong blend of experience allied with a creative, solution-focused attitude.”