Welcome to Meyseys
Specialists in Political and Credit Risk Insurance
WELCOME TO MEYSEYS
Political Risk Insurance
With over 30 years of experience we can guide you through the complex world of Political Risk Insurance (PRI) and Credit Risk Insurance (CRI).
Find out more below
Equipment Finance
Equipment finance is the financing of mobile equipment, where the lender takes security over the actual asset being financed e.g. contractors plant, ships, aircraft, rolling stock or even rigs.
Project Finance
This type of PRI is often referred to as 3 or 4-point cover. The perils usually included in policies with 3-point coverage include: nationalisation, expropriation, confiscation and more…
Commodity Finance
Commodity finance is the financing of the supply of goods or services by one party to another, and may take the form a of a “structured trade credit” between corporate entities.
The maximum tenor for PRI available from the private insurance market is currently 15 years (with greater liquidity up to 10 years). CRI is usually provided for tenors of no more than 5 years, although some insurers may consider providing cover for 7 years or longer.
PRI is generally available for all countries provided they are not subject to sanctions (whether by the U.N., the U.S.A., the E.U. or the national government of the relevant insurer); insurance premiums will reflect the relevant sovereign risk, the tenor of the policy, the record of previous claims and recoveries in the relevant country, the nature of the underlying asset / project, and the current use of the insurer’s available country limits.
There are many insurance companies and Lloyds syndicates that underwrite PRI and CRI policies; those with a Standard & Poor's credit rating of A+ or better (or equivalent) are usually acceptable for policies with long tenors, and a rating of A may be acceptable for tenors of up to 3 years.
