Aegis London ups political and financial risk line sizes
By Michael Jones
June 26 - (The Insurer) - Aegis London has increased its line sizes for sovereign non-payment and political risk to $30 million from $20 million, the company said on Thursday.
The syndicate has also doubled its credit non-payment capacity to $20 million, with the increases said to reflect "substantial growth and demand" within its portfolio.
Market demand has increased in response to macroeconomic forces, geopolitical uncertainty and increased expertise within Aegis London's political and financial risk team, the insurer said.
Political and financial risk class underwriter Alex Clarke said that the market is set to continue growing.
"While many insurers may gravitate towards safer risks and sectors higher up the credit curve, there will be opportunities for those who can navigate and identify opportunities below this threshold. As volatility and uncertainty remain, so too will demand and growth for PFR,” Clarke added.
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