With the return of complex geopolitics and rise of new trade and investment risk, it has never been more important to secure growth in the face of volatility.
We deliver credit, political and security risk and insurance knowledge through a diverse and creative global team. We help our clients deliver growth, enhance returns, release capital and secure staff and assets in a world of continuous change. We are measured by our results.
Our credit/performance, political and security (CPS) risks team has over 30 years’ experience working with corporations, financial institutions and government/multilateral agencies to identify, analyse, assess and mitigate risks affecting their business.
With a global strategy-local delivery approach, our integrated team of specialists collaborate to provide clients innovative risk mitigation and transfer solutions, tailored to support their growth in a changing environment.
WHAT WE DO
Kidnap & Ransom
This type of insurance protects not only against the financial loss suffered by businesses and their employees in kidnappings and extortion situations, but it also secures access to advice and services from the worlds’ foremost security consultants.
The services include preventive measures as well as risk management and damage control should a disaster occur. The security consultant steers negotiations with the kidnappers or blackmailers in the event of a claim.
Kidnapping, extortion, unlawful detention, hijacking and emergency evacuation from vulnerable areas (Emergency Repatriation) are included in the insurance programme. Confiscation
JLT Risk Solutions has a profound knowledge of insurance for confiscation. In the Nordic region there is a large number of multinational companies that have assets in politically unstable countries. Insurance for confiscation covers confiscation, expropriation, nationalisation, selective discrimination, forced sales, war and terrorism. Real estate as well as mobile assets can be insured even in countries with notable political turmoil. Our clients are mainly international companies with assets in conflict-prone countries and regions.
Exporting companies that offer and/or enter into a contract with buyers who demand an unconditional warrant (On-Demand Guarantee) run the risk of a guarantee being called on without grounds of fact. The guarantee is designed to absorb the risk from the insured as well as the risk of the On-Demand Guarantee being called on in the event of war or import/export embargos (political risk).
These guarantees are commonly referred to as safeguards or: Tender Guarantee, Advance Payment Guarantee, Performance Guarantee, Retention Guarantee and Maintenance Guarantee.
JLT Risk Solutions offers professional expertise when procuring and improving insurance contracts as well as claims handling of customer credit insurance. Customer credit insurance allows the policyholder to increase sales and the financial exposure towards customers without putting themselves at higher financial risk.
The insurance covers against a customer’s inability to fulfill financial commitments due to insolvency or bankruptcy. Our clients are often international Nordic companies with significant sales outside the OECD. Structured Credit Insurance and Financial Solutions
JLT Risk Solutions is the leading broker within the Nordic region of structured insurance and reinsurance solutions for credit and political risk. With focus on the insurance markets in London and Bermuda and to some extent in New York JLT Risk Solutions place insurance for multinational and governmental institutions for export credit guarantees, banks and exporting firms. We provide solutions for both individual risks and structured loan portfolios or other assets with varying maturities.
The private insurance market often work alongside the banking market and/or EKN and works perfectly as a compliment or substitute to traditional banking solutions for businesses and institutions.
With new market requirements and regulations and financial markets converging, improved and competitive products and instruments emerge frequently on the insurance, banking and finance markets. FAQs
What information is required to go to the market to consider initial discussions for credit/performance or political insurance?
We can provide you a proposal form to complete which we can then take to the market.
Alternatively, we may request:
details of the counterparty
contract terms and conditions
information about insured goods/services
law and jurisdiction
experience you have had with the counterparty.
For short term trade credit insurance multi-buyer policies we ideally need a list of all customers, credit limit requirements, annual sales and payment terms.
We are driven by a resolute focus on working for our clients to facilitate sales growth, enhance returns, release capital and secure staff and assets in a world of continuous change.
We find opportunities where others see challenges. Our entrepreneurial culture and exclusive analytical ability helps clients to identify and realise opportunity in volatility.
As a CPS client you will benefit from:
access to a diverse global team to deliver creative, comprehensive risk and insurance solutions which facilitate growth, reduce capital costs, improve returns, secure people and assets
ideas and products that positively impact risk mitigation and risk transfer strategies allowing you to make business decisions with confidence
our ability to create capacity to underwrite new and evolving risks
proprietary analytical tools to ensure you have access to complete and accurate real-time information which enables fact based decision making
experienced resources available where you need them without hierarchical, geography or financial barriers
consistent engagement through advisory, structuring, placement and claims, drawing in management leverage and technical expertise to ensure that when losses do occur we maximise recovery and minimise the impact on your operations.
We deliver results. We deploy all resources to help resolve complex losses and deliver claim payments. Our track record is unblemished.
Our clients have confidence that the insurance policies we arrange for them are expertly structured and written by experienced insurers with strong track records in paying claims. Our approachable brokers work alongside our meticulous CPS claims professionals who specialise in handling, managing and negotiating claims.
In the unfortunate event of a loss:
You would have a single point of contact with overall accountability for all losses wherever they occur
Our proactive claims handling process would help maximise your recovery under your programme, while minimising the intrusion and interference to your on-going operations
We would leverage our strong relationships with the major leaders, loss adjusters and lawyers to help expedite the claims process
You would have access to our sophisticated pre-loss consulting and effective post-loss recovery services.
Our starting point when structuring a new policy is to precisely understand your needs. Our brokers sit alongside a team of risk analysts drawn from security, technical and academic backgrounds.
Their substantial knowledge is utilised to help us understand the precise nature of your risk profile, thereby assisting us in determining the right insurance solution for your requirements.
Using ground-breaking modelling and rating tools, such as Sunstone and World Risk Review, our analysts can pinpoint risks, map exposures, analyse the risk triggers, and evaluate probable maximum loss (PML) ratios across a portfolio of assets.