Political Risk
Starr has an extensive appetite for emerging market risks and provides creative solutions for clients, investing or transacting business overseas. We can assist by providing insurance protection against financial losses.
Trade Insurance / Structured Trade Credit
Non-performance of a trade contract due to a political event ("Contract Frustration") or insolvency ("Structured Trade Credit")
Perils Include
- Unilateral termination
- License cancellation
- Embargo
- War & Civil War
- Government Act, Law, Decree, or Regulation
- Non payment (public & private obligors)
- Unfair Calling of Guarantees
Target Customers
Our target customers include, but are not limited to:
- Financial Institutions
- Trades
- Exporters / Importers
- Investors
- Contractors
- Real Estate Investors
- Manufacturers
You must meet certain guidelines to see information about surplus lines. Contact Us to see if you meet these guidelines.
Disclaimer: This coverage is also offered as a Surplus/Excess line.
Terrorism
Starr offers coverage for Acts of Terrorism as defined by the Terrorism Risk Insurance Act, as amended, giving the insured the option to accept or reject such coverage.
Starr also offers a coverage option for Acts of Terrorism, within the US and its territories and possessions, not certified under the Terrorism Risk Insurance Act, as amended. Again, the insured has the option to accept or reject such coverage.
In all cases, Terrorism coverage outside of the United States is excluded.
Through Starr Underwriting Agents Limited, Starr Technical Risks has the ability to cover property damage and business interruption for the peril of terrorism. Starr Technical Risks works closely with the recently created Starr Political & Financial Risk team to deliver a prompt response and the maximum available capacity. Starr Technical Risks's initial terrorism offering focused on exposures relating to the industries of energy and industrial risks, but with the creation of Starr's global general property platform along with the Starr Political and Financial Risk team, Starr has extended the reach of its terrorism product to include all first party property risks, including construction.