Afroglobal insurance and reinsurance broker, Maksure Risk Solutions has been an integral part in the facilitation of international trade and investment in Africa in the last half a decade. This has been achieved by designing and offering political risk and trade credit risk insurance to African corporates and financial institutions. Our offering provides confidence against sovereign or state-owned enterprise buyer or borrower default and insolvency as well as peace of mind against the political uncertainties of doing business in emerging markets.
Increased geo-political tensions against a background of a fragile global economy has made businesses more focussed than ever on the loss potential posed by political and credit risks. Recent events involving the sudden collapse of companies have underlined the importance of having trade credit protection in place.
Our political risk insurance is designed to provide the broadest cover for many of the losses that could result from government action, political unrest and economic turmoil. We offer policies that can be tailored to cover a wide range of political risks including:
- Failure of a government entity or a state-owned enterprise to honor payment obligations under a loan agreement, guarantee, or commercial contract
- Financial loss caused by unilateral repudiation or breach of contract by a government entity or a state-owned enterprise
- Sovereign action or inaction which impedes or frustrates a commercial contract
- Seizure, expropriation and discrimination by governments or confiscation of fixed or movable assets which are owned or leased
- The cancellation of in force import/export licenses or operating licenses
- Inability to repatriate equipment following the completion of a contract
- Politically motivated violence that results in physical damage to assets or forced abandonment and evacuation that results in equipment being left behind
- Inability to repatriate profits or convert currency earned in a foreign country
- Refusal to pay arbitration awards
Maksure Risk Solutions utilises both private regional and international insurers and reinsurers as well as government owned insurers that are focused on providing trade credit and political risk coverage across Africa. Where cover is not available in the local market, Maksure Risk Solutions will source capacity from international markets such as the United Kingdom, US and Far East.
Maksure Risk Solutions’ regional capabilities, underpinned by in-house country risk analysts, make us the first choice for political risk and credit protection.
Maksure Risk Solutions’ Political Risks and Sovereign Credit Risks, truly Insuring uncertain futures
For more info regarding our Political Risk & Trade Credit insurance and reinsurance solutions, contact our Specialist team – Nomtha Ngwenya on Tel +27 11 805 0086 or Email: email@example.com.
About Maksure Risk Solutions
Maksure Risk Solutions is an Afro-Global independent specialist insurance and reinsurance broker with business footprint in Africa, Asia, East & Western Europe, South America and the Caribbean. We provide innovative and tailor-made risk solutions in Insurance and Reinsurance as well as Risk Financing and Actuarial Consulting geared towards capital management and strengthening our client’s balance sheet. Maksure is also one of the major players in Captive Management (Establishment & Management) in South Africa, Mauritius, Bermuda and various other jurisdictions. We have access into the Lloyds of London with a deep understanding of African markets. Our global nature ensures that our clients access quality capacity as well as some of the world’s latest thinking and solutions