Sovereign Risk Insurance Ltd. (Bermuda)

Sovereign Risk Insurance Ltd. (Sovereign) is one of the world's largest medium and long-term political risk insurance and reinsurance underwriters, and is a member of the Berne Union.

Sovereign's clients include many of the worlds' leading commercial banks, investment banks, export credit agencies and multilateral agencies. Our per-project limits of $125 million are among the biggest in the world, and our maximum tenors are 15 years for political risk coverage and 10 years for sovereign and sub-sovereign nonpayment coverage.

Sovereign has underwritten more than 400 policies since its formation in 1997, and has a global portfolio that exceeds $6.5 billion, spread over 108 emerging markets.

Our Expertise

Sovereign's insurance products protect both lenders and equity investors against losses due to a wide range of political and economic risk events. Sovereign has the ability to underwrite individual political risks on a stand-alone basis for limits of up to $125 million and tenors of up to 15 years. Sovereign offers coverage for up to 100% on a loan or cross border investment.

Our coverage includes:

  • Expropriation
  • Currency Inconvertibility / Exchange Transfer
  • Political Violence
  • Sovereign and Sub-Sovereign Non-Payment
  • Unfair Calling of Bonds
  • Non-Repossession of Aircraft or Mobile Equipment
  • Other Customized Covers

    • Sovereign Risk Insurance Ltd.
    Wessex House
    5th Floor
    45 Reid Street
    Hamilton, HM12
    Bermuda

    Tel. +441 296-4279
    Fax: +441 296-4281

    www.sovereignbermuda.com


    CONTACTS

    pri@kitson.bm


    HISTORY

    Sovereign was formed in 1997 as a specialist underwriting agency with the sole pupose of underwriting political risk insurance. The organization was elected a permanent member of the Berne Union in 2003 and, as of Febraury 2006, is wholly owned by ACE.

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