Financial and Professional Lines

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Financial and Professional Lines

Credit & Surety

In times of economic uncertainty, an increase in claims is an almost certain outcome when principals are unable to meet their financial responsibilities. The increased claims activity can significantly impact an insurer’s ability to meet its own financial obligations. Our Credit & Surety team has the underwriting expertise to help you manage your underlying Trade Credit and Surety & Fidelity exposures to:

Credit

  • Trade credit insurance (domestic & export)
  • Capital goods credit insurance (domestic & export)
  • Consumer credit insurance

Surety

  • Performance bonds
  • Payment bonds
  • Maintenance bonds
  • Court bonds

Fidelity

  • Dishonesty, disappearance and distraction
  • Computer crime

Political Risk

Arbitrary or discriminatory actions taken by governments, political groups or individuals can have a significant negative impact on a company’s ability to secure the financing and investments crucial to growth and stability. Our political risk specialists work closely our with Credit & Surety team to devise custom coverage to mitigate political risks including:

  • Confiscation, expropriation, nationalization and deprivation (CEND)
  • Political violence including strikes, riots and civil commotion, war, terrorism
  • Public buyer payment risk and/or breach of contract/contract repudiation
  • Currency inconvertibility, non-transferability and exchange restrictions relating to remittances to foreign parties
  • Embargo cancellation and license cancellation
  • Export/import restrictions

Management and Professional Liability

The impact of increased litigation and rising court awards against business owners and professional service providers can impact your financial stability for many years. We can work with you to provide the financial reliability and specialized underwriting expertise you need to protect against management and professional liability claims.

Medical Errors and Omissions

  •   Allied Healthcare Lines
  •   Hospital Professional
  •   Medical Malpractice for Physicians and Surgeons
  •   Nursing Home
  •   Other medical professional liability lines

Non-Medical Errors and Omissions

  • Accountants
  • Architects and Engineers
  • Law Enforcement Professionals
  • Lawyers
  • Public Officials
  • School Board Legal
  • Other professional liability lines


Management

  • Crime / Bond
  • Employment Practice Liability
  • Fiduciary Liability
  • Non-Profit D&O
  • Private Company D&O
  • Public Company D&O
  • Other management liability lines

Contact

Contact us to learn more about our custom reinsurance solutions.

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This publication is available exclusively to Munich Re clients. Please contact your Client Manager.