Who insures it · 4 named markets · read 2026-10-28

Who insures Political risk and trade credit?

Political risk and trade credit is a risk most standard carriers decline on sight. The markets below say in their own published appetite or program pages that they write it; each line links to that page with the date it was read.

4 markets publicly write Political risk and trade credit: Chubb, FCIA (Great American Insurance Group), Allianz Trade, Atradius. 4 admitted carriers.

By Sam Alishahi, independent insurance broker

The markets

Who says they write it

From each market's own appetite, product or program page (or a trade article quoting it), read on the date shown. Appetites change: the linked page controls. A market listed here isn't necessarily one this agency is appointed with; a licensed broker reaches most of them directly or through a wholesaler.

Market	What they say they write	Where	Paper	Source
Chubb Admitted carrier	Trade credit insurance for businesses selling goods and services on credit, and political risk insurance designed to give businesses the broadest cover for losses from government action, unrest and economic instability. “many of which can be mitigated with a trade credit policy issued by Chubb.”	not stated	not stated	chubb.com · read 2026-10-28
FCIA (Great American Insurance Group) Admitted carrier	Trade credit insurance against nonpayment from commercial or political events on domestic and international sales (multibuyer, key account or single buyer) and political risk policies for overseas investments, shareholder loans and fixed or movable property; buyers include manufacturers, wholesalers, distributors, exporters, service providers and financial institutions; export credit insurer in th “we offer a diverse suite of Trade Credit and Political Risk Insurance products to companies and financial institutions”	not stated (United States and Canada versions)	not stated	greatamericaninsurancegroup.com · read 2026-10-28
Allianz Trade Admitted carrier	Trade credit insurance for small businesses, mid-size and large companies and multinationals, protecting cash flow from economic, commercial and political risks; products marketed in the US by Euler Hermes North America Insurance Company. “You can protect your organization from payment issues with trade credit insurance from Allianz Trade.”	not stated	not stated	allianz-trade.com · read 2026-10-28
Atradius Admitted carrier	Trade credit insurance against bad debts for US businesses, plus Atradius Credit Specialties for trade, trade financing and political risks (multinationals). “Atradius Credit Specialties offers tailored solutions for trade and political risks”	not stated	not stated	atradius.us · read 2026-10-28

Tokio Marine HCC's Credit & Political Risk page lists CEND, contract frustration, political perils, sovereign non-payment and trade/non-trade credit products but its summaries are truncated and contain no quotable appetite sentence, so it is omitted. Zurich NA's credit & political risk page returned empty content; Coface refused connection; Sovereign Risk and AXA XL pages could not be fetched.

How Political risk and trade credit gets placed

Standard markets first where any will look at it; when they won't, the placement goes through surplus lines, where a licensed surplus lines broker places it with an eligible non-admitted insurer and files the state's surplus lines tax and stamping forms. In California, risks on the Department of Insurance export list can go to surplus lines without the usual diligent search of admitted carriers. Surplus lines policies aren't backed by a state guaranty fund, so the insurer's financial rating matters more.

What an underwriter will want before quoting: a full description of the operation, years in business and the owners' experience, revenue or payroll, loss runs (five years where available, currently valued), the contracts or venue requirements that set the limits, and photos or safety plans where the hazard is physical.

I'm licensed in 49 states and Washington, DC and your request stays with my agency, not passed to another agent. In Florida, where my licenses are still being issued, a partner agency in your state helps in the meantime.

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