DUAL Group
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Credit Risk insurance
Non-payment solutions, designed for volatile times
Credit risk insurance provides financial protection against losses resulting from government and corporates failing to make scheduled payments or to meet other contractual obligations.
For organisations exposed to geopolitical tensions, trade restrictions, and other political headwinds, credit risk insurance is an effective risk management tool.
DUAL’s credit risk policy wordings are written by specialists with decades of sector experience, backed by stable, AA- rated Lloyd's of London syndicate capacity.
We’re ready to design specialist solutions that meet your client’s exposures head-on.
Bespoke non-payment solutions for financial institutions, corporates, and public agencies
Our specialist credit risk coverage combines credit risk insurance and contract frustration insurance. We have the capabilities to protect multi-jurisdictional investments and transactions in both developed and emerging markets.
Our team has expertise in working with a wide range of organisations, including:
- Financial institutions
- Commercial banks
- Non-banking financial institutions
- Corporates
- Public agencies
- Commodity traders
Depending on the nature of your client’s business and project, we can tailor our wordings to suit their needs.
Up to $10m
Capacity
AA- rated
Lloyd's of London syndicate capacity
40+ years combined experience
Seasoned underwriting team
Key benefits
40 year+ specialist experience
From the underwriting to claims, our experts draw upon decades of credit risk insurance insights to achieve positive outcomes for you.
AA- rated security
DUAL has AA- rated Lloyd's capacity, offering quality protection for clients.
Policy durations of up to 15 years
Our multi-year policy durations mean we can offer clients a long-term partnership.
What’s covered?
Our core policy wordings can be combined to create a bespoke, comprehensive policy.
If your client has complex or unusual needs, speak to us. We can build policies around your client’s exposures.
Credit risk
Credit risk insurance provides protection if a debtor defaults or is unable to meet a payment.
Cover includes financial losses resulting from:
- Non-payment
- Insolvency
- Bankruptcy
- Protracted default
Contract frustration
For organisations operating within the sphere of influence of foreign governments, contract frustration insurance is a useful risk management tool. It protects against the non-payment or non-performance under a contract between a Public Institution / Government and an insured .
Covered risks causing a non-payment / performance loss to the insured include:
- Payment Default
- License cancellation
- Currency inconvertibility
- Embargoes
- Law and regulatory changes
Policy periods can run for up to 15 years.
Our risk appetite
We have helped a wide range of organisations to optimise their capital and remove risks from their balance sheet.
Our credit risk solutions can be used to protect a variety of multi-jurisdictional investments and transactions, including:
- (Sub)- Sovereign lending
- Trade finance
- Fund finance
- Investment grade finance
- Asset-based lending
- Property finance
Why choose DUAL
Expertise across 21 countries
Our underwriters have access to the expertise of colleagues around the world to help secure coverage across borders.
Cover for complex and unusual risks
Assessing each risk on its own terms, our underwriters have the expertise to tailor cover to your client’s precise needs.
Talk directly to decision-makers
Our expert underwriters are empowered to find solutions for your clients. Tell us your insurance problems; we will help you solve them.
Built for speed
When time is tight, speak to us. With flat hierarchies and streamlined processes, we can make fast decisions.
Underwriting requirements
To ensure efficient underwriting and risk assessment, we’ll usually ask for the following information:
- Information “bundle” on the underlying risk detailing nature of the risk, historic financials and key particulars.
- A copy of the underlying contract.
- The contract scope and value.
- The client’s due diligence and risk sanctioning procedures.
