-
This article was written for and first published in The Brief. An abridged version was printed in the 24 February 2010 edition.
Introduction
Comme...
-
The nature of political risk in the Asia Pacific region is fundamentally influenced by the variety and diversity of the countries in the region. That, in turn, results in considerable diversity, firstly in the types of political risks faced by foreign investors in the region, and secondly in the nature of the legal issues such risks give rise to when they crystallize. Recent media attention has focused on Asia Pacific regional instability and the increasing incidence of political violence in certain countries. Many people around the world are aware of the turmoil that engulfed the region after the Asian financial crisis in the late 1990s. That turmoil gave rise to a number of insurance and reinsurance disputes. These events often impact insurers. They often give rise to the kinds of cov...
-
-
Political risk coverage includes the following types: 1. confiscation, expropriation, nationalization insurance, 2. contract frustration insurance, 3. wrongful calling of guarantee insurance, 4. currency inconvertibility, 4. deprivation, 5. forced abandonment, 6. forced divestiture, and 7. third-party blockade.
-
On May 1, 2006, the Bolivian government passed a law, Supreme Decree 28701, announcing that it was taking over the oil and gas resources in the countr...
-
Provides coverage for companies investing in programs to limit greenhouse gas emissions
WASHINGTON -- Zurich, a leader in political risk and trade c...
-
On 1 May 2006, the Bolivian government passed a law, Supreme Decree 28701, announcing that it was taking over the oil and gas resources in the country...
-
With oil prices continuing to defy gravity and tensions growing between oil-exporting countries and their customers, political risk has again become headline news. Parallels are being drawn between the current global economic and political plight and the 1970s, when Western multinationals also experienced a strong dose of political risk in the form of the 1973 oil crisis. As doing business in developing markets -- particularly those countries that were home to oil and mining deposits -- became increasingly risky and politically volatile, the political risk insurance market came into its own. Organization for Economic Cooperation and Development countries set up national agencies to provide domestic companies with export credit and political risk insurance. Yet with political risk becomi...
-
Executive summary
This briefing tracks recent developments in political risk insurance, looking specifically at claims arising in the wake of Argent...
-
NEW YORK -- Fitch Ratings has published a special report outlining its approach for rating political risk insured (PRI) transactions in Latin America....