American International Group

American International Group, Inc. (AIG) Political Risk Insurance (PRI) is designed for financial institutions, investors and corporate clients (importers/exporters, contractors) that seek to protect their overseas investments against a variety of political and instability risks. The following risks are covered:

• Confiscation, expropriation or nationalization of assets
• Political violence, including terrorism and war
• Contract frustration due to political events
• Currency inconvertibility and non-transfer
• Sovereign payment default
• Wrongful calling of on-demand guarantees and bonds.

AIG also offers Project Finance Risk Insurance that provides coverage for commercial lenders on limited recourse loans. AIG also offers Structured Credit Insurance for commercial lenders on medium-term trade and non-trade transactions.

All infrastructure and trade investments.

Global coverage with the exception of countries listed under the sanction program of the U.S. Office of Foreign Assets Controls. The following countries are listed:

Balkan countries, Belarus, ​Central African Republic, Cuba, ​Democratic Republic of the Congo, Iran, Iraq, Lebanon, Libya, North Korea, Somalia, Sudan, South Sudan, Syria, Ukraine, Venezuela, Yemen and Zimbabwe.

Details: https://www.treasury.gov/resource-center/sanctions/Programs/Pages/Programs.aspx

• Size and tenor of coverage:
  • Financial institutions and capital markets:
    • Sovereign credit risk or lender PRI coverage on private sector transactions: USD 150 million, non-cancelable, up to 15 years.
    • Structured credit insurance: Up to USD 75 million and up to 10 years.
    • Project finance loan Insurance: Up to USD 150 million and up to 25 years.
  • Equity investors: Up to USD 150 million per country, up to 15 years, coverage of up to 100 per cent of investment value.
  • Importers/exporters: Up to USD 150 million in any one country, up to 15 years, coverage of up to 95 per cent of contract value.
  • Contractors: Up to USD 150 million per country, up to 15 years for mobile asset coverage, up to 100 per cent of asset replacement value covered.
  • Wrongful call of guarantee insurance: Indemnification of up to USD 150 million in any one country, up to 10 years, up to 95 per cent coverage of each bond or guarantee value.
• Costs:
  • The minimum premium is USD 20,000
  • Minimum deductible: 1 per cent of insured amount (except for political violence)

http://www.aig.com/ms/us-appetite-guide/us-appetite-political-risk