WHAT WE DO / INSURANCE & REINSURANCE / POLITICAL & CREDIT RISK
“…a market guru…” Chambers & Partners, 2009
This is one of the most innovative and exciting classes of insurance, in which Ince & Co is recognised as a market leader. We played an active role in the original political risks insurances placed in the 1970s and have retained a reputation as skilled practitioners ever since.
Our group’s clients include underwriters (commercial, state-backed and multilaterals), brokers and their many and varied principals including commodity traders, banks and sponsors of infrastructure projects.
Our contentious practice has handled numerous claims in countries ranging from Afghanistan through to Zambia. In addition to claims triggered by war, revolution, coups d’état and other political violence such as terrorism, the revival of resource nationalism has brought with it claims arising from government intervention and non-performance around the globe.
The group also advises clients on contractual defaults prompted by the recession. At any one time we may be retained to advise on and help manage claims arising under political and credit risk policies running to hundreds of millions of dollars.
On the non-contentious side, the firm’s pioneering role has evolved into one where we create and refine insurance wordings backing bond issues and project and trade finance, and ones which constitute Basel II compliant credit mitigation instruments or, in an investment insurance context, respond to unsatisfied bilateral investment treaty awards.