What does Canopius do?
Canopius is a global specialty lines (re)insurer.
We were formed via a management buyout in December 2003, with \xa325m equity capital and achieved significant growth through a mix of organic expansion and acquisition.
We are privately owned, backed by private equity funding..
What does PRI cover?
Political risk insurance provides financial protection to investors, financial institutions, and businesses that face the possibility of losing money because of political events.
It protects against the possibility that a government will take some action that causes the insured to experience a large financial loss..
What is the political risk policy?
Political risk insurance provides coverage to investors, financial institutions, and businesses that face financial loss due to political events.
Political events covered under political risk insurance include expropriation, political violence, sovereign debt default, and acts of terrorism or war..
What is trade credit and political risk?
Trade credit insurance protects against non-payment brought about by credit risks such as default, insolvency or bankruptcy.
Political risk insurance protects against non-payment due to exposure to political force majeure events, including acts of terrorism and war and other political violence..
- Political risk insurance is designed to protect businesses operating abroad against the risk of a range of arbitrary government actions, such as: Confiscation, expropriation and nationalisation.
Selective discrimination. - Protects against acts of expropriation and other forms of unlawful interference by the host government that deprive investors of their fundamental rights in a project.
Government interference in a project can take many forms including: Nationalization.
Confiscation and creeping expropriations.
