Emerging markets often provide the strongest growth opportunities for banks, traders and manufacturers. In recent years, it has again become evident that emerging markets which appear stable one day can suddenly face political unrest. Economic instability can influence a government's interference in a business's operations and investments. CEND insurance policies offered by Tokio Marine HCC can provide solutions to these problems and help secure interests in dynamic markets worldwide.
Best for
- Manufacturers
- Trading companies
- Service providers
- Wholesalers
- Distributors
- Financial institutions
- Export credit agencies
- Multilaterals
Highlights
- Non-cancellable limits
- Up to 100% indemnity based on coverage being sought
- Coverage may be expanded to include political perils
- Maximum tenor of 10 years
- Broker commission up to 22.5%
Summary of coverage
Confiscation, Expropriation, Nationalization and Deprivation cover protects a policyholder's equity investment in subsidiaries and assets worldwide from unforeseen political uncertainty. Businesses that have an ownership interest in property abroad may seek to cover a loss resulting from government nationalization of the property or other action by the government that effectively deprives the policyholder of the property or restricts its operations. Coverage may be structured to insure assets including but not limited to bank accounts, intercompany or bank loans, accounts receivable, inventory, retained earnings, supplies and work in progress. Deprivation coverage insures against the risk of a government action preventing use of the asset, such as denying a permit to run a plant.
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Why choose Tokio Marine HCC?
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.
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