‘Perceptive Underwriting’
+44 (0) 20 3011 5700 tradecredit@nexusunderwriting.com

Summary

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

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 Credit and Political Risks and 7 years for Sovereign non payment (Contract Frustration)
     
  • 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

  • 3 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

“Our ability to provide prompt, intelligent and value added commercially backed underwriting decisions within such a challenging and economically changing global environment, makes us the first port of call for the single situation credit market.”

James Steele-Perkins, Single Situation Credit and Financial Risks Underwriting Manager 

To talk to us about this product call us on
+44 (0) 20 3011 5700

or

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CONTACT


James Steele-Perkins

James Steele-Perkins

Divisional Director

E: Jsteele-perkins@nexusunderwriting.com
T: +44 (0) 20 3011 5677



“ Our ability to provide prompt, intelligent and value added commercially backed underwriting decisions within such a challenging and economically changing global environment, makes us the first port of call for the single situation credit market. ”


‘Perceptive Underwriting’