The Hartford has announced the launch of its new credit and political risk insurance products that are designed to help corporations, financial institutions and private equity firms with international exposures manage their credit and political risks.
Operating in emerging markets can bring a number of political risks, such as acts of expropriation or confiscation of assets by a foreign government, that are not typically covered under a companys global insurance policies, said Jared Kotler, head of The Hartfords credit and political risk insurance (CPRI) practice. Expanding our product capabilities to include credit and political risk insurance helps The Hartford better meet the holistic needs of its customers operating globally. These customized insurance solutions can help ensure that our clients have the appropriate insurance policies in place to adequately protect their business interests around the world.
The Hartfords political risk insurance policy helps corporations and private equity firms with global operations protect their investments and assets overseas from various political risks, such as expropriation, political violence, currency inconvertibility and breach of contract.
The Hartfords credit insurance policy is designed for financial institutions that are engaged in trade and export finance to help manage their overall global exposure. Through this product, these financial institutions could obtain regulatory capital relief for the insured portion of their exposure.
Learn more about these new products, which are available through brokers.
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