1 July 2014Credit And Political Risks Insurance Report and Market Update July 2014
We are pleased to publish the July 2014 edition of our Report and Market Update covering the commercial insurance market for Credit and Political risk Insurance (CRPI) for the period since we published our previous edition in January 2014.
It has a been a positive year for Lloyd’s with the report confirming that, "Fitch Ratings has upgraded Lloyd’s of London’s Insurer Financial Strength to 'AA-' from 'A+'."
There have also been a number of new entrants in the CPRI market with, "11th reported successive rise in market capacity, which has now more than doubled since the advent of the Global Financial Crisis in 2008." Since the beginning of 1st of January we have now seen Antares, Argo, Brit, Channel, Hardy and Nexus CIFS, with Acapella soon to join the CPRI market. The market now comprises of 45 syndicates with the ability to write a maximum potential line size.
We have also included to this report a brief description of the Terrorism and Special Contingency Team and the covers that they can arrange. If you have any requirements for these coverages, please contact Pamela Fox (firstname.lastname@example.org) or Sam Brentnall (email@example.com)
Our report also includes a review of the Trade Credit Insurance Market and a comparative analysis of Emerging Market Country Risk Ratings (provided by IHS), which identifies any changes in ratings since our January 2014 report.
Your Credit and Political Risk contacts can be found on page 17 of our report. We continue to provide a service to a wide range of clients covering the full range of Credit and Political Risk Insurance, as well as Terrorism and Kidnap and Ransom and Trade Disruption Insurance.
Download the July edition of the Credit and Political Risk update here.