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Based on Wall Street, HSIB's New York office provides US brokers and clients with access to our political risk and trade credit solutions, via its coverholder relationship with Chaucer.
Chaucer is an acknowledged lead in political risk and trade credit risk, writing all major classes of business throughout the world.
HSIB's authority includes CEND, CCP, contract frustration and trade credit including non-payment and non-delivery by public and private obligors, exchange transfer, non-honouring of documentary letters of credit and the wrongful calling of on-demand bonds. We will also cover war on land and political violence in conjunction with the other perils written.
We provide clients with a global platform, in-depth expertise in both developed and emerging markets and specialised trade receivable coverages – allowing businesses to manage their risk and keep moving forward.