Perceptive Underwriting
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Summary

Specialists with over 25 years experience of writing credit insurance and related products
Underwriting at Nexus since 2013
4 Underwriters
Up to USD $20m per single transaction

Single Situation Credit and Financial Risks insurance is underwritten from the following locations:

UK Asia France Germany Netherlands USA

Nexus UK

James Steele-Perkins

Director - Single Situation, Contract Frustration and Political Risk

E: Email
T: +44 (0) 203 011 5677

Nexus Asia

Kevin Gotts

Nexus Co-Founder & Head of Specialty Asia

E: Email
T: +852 2535 8388

Nexus Asia

Nexus France

Alban de Malherbe

E: Email
T: +33 (0)1 8228 9312

Nexus Germany

Henning Siess

E: Email
T: +49 (0)40 3111 2842

Nexus Netherlands

Frank Masteling

E: Email
T: +31 (0)346 715 075

Nexus USA

Antje Seiffert-Murphy

E: Email
T: +1 (646) 593 8682

Product Overview

The Nexus CIFS’ Single Situation team offers insurance solutions for financial institutions, commodity traders, importers, exporters, manufacturers and service providers seeking balance sheet protection for large exposures. We provide cover for non payment of goods and services as well as investment cover for clients that have assets abroad which are exposed to changes in both the political and security landscape. Our client base is spread across a wide range of industry sectors such as energy, industrials, materials, consumer staples, telecommunications and information technology.

Features:

  • Up to $20m Policy Limit of Liability per transaction

  • Single risk and named buyer programmes considered (Maximum of 10 names)

  • Non cancellable limits offered as standard

  • Policy tenors of 5 years for Private Non Payment (CR) and 7 years for Sovereign Non Payment (CF) and Political Risks

  • Minimum premium consideration of GBP 10k (USD 15k) any one policy

  • Geographic scope covers Eastern and Western Europe, Africa, North America, Latin America, Middle East, Asia and Australasia

  • Coverage for both Credit (private counterparties) and Contract Frustration (state owned counterparties)

  • Comprehensive non payment coverage provided for open account sales, letters of credit and bills of exchange, to a variety of trade finance solutions including receivable and inventory finance, pre-payment facilities and revolving credit facilities

  • Political Risk coverage provided for acts beyond the clients control such as expropriation, war, terrorism, civil disturbance, embargoes, deprivation of assets, selective discrimination, cancellation of operating licenses and the inability to repatriate dividends or shareholder loans

 

About the Single Situation team

  • 4 underwriters
  • Specialists with over 25 years experience of writing credit insurance and related products
  • 100% backed by Lloyd’s syndicates Liberty 4472, Amlin 2001,Barbican 1955 & Vibe 5678
  • Security supported by Lloyd’s of London A+ credit rating





CONTACT

Kevin Gotts

Kevin Gotts

Nexus Co-Founder & Head of Specialty Asia

T: +852 2535 8388
E: Email

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