Political Risk & Violence

The NOA3902 Political Risk & Violence team can offer a full range of tailored insurance products to our partners. The team bring together over 60 years combined experience in the insurance market, with a proven track record in underwriting both Political Risk & Violence classes of business.

The NOA3902 team benefit from the Lloyd’s chain of security and credit rating (S&P: A+; Fitch: AA-). We aim to build long-standing partnerships with Insureds across a broad range of sectors including, but not limited to: Oil & Gas, Construction, Financial Services and Retail.

Political Violence

Line Size: Up to $50m any one risk
Tenor: Up to 18 months (Up to 60 months for construction risks)
Perils Covered:

  • Terrorism and Sabotage
  • Strikes, Riots, Civil Commotion and Malicious Acts
  • Rebellion, Insurrection, Coup d’Etat
  • Civil War and War
  • Terrorism Liability
  • Cartel Violence
  • NMA 2914 Write Back
  • Nuclear, Chemical, Biological and Radiological Terrorism

Political Risk

Line Size: Up to $20m any one risk
Tenor: Up to 10 years
Perils Covered:

  • Single Counterparty Non-Payment and/or Non-Performance Risk
  • Contract Frustration Risk
  • Confiscation, Nationalisation, Expropriation or Deprivation of Fixed or Mobile Assets – Single Country or Worldwide
  • Currency Inconvertibility/Transfer Risk
  • Fair and Unfair Calling of Bonds