Political & Commercial Risk Underwriting

CWC Gulf is providing clients with new solutions for concession acquisition, project viability, finance, risk and a well co-ordinated development strategy, both commercial and political. CWC Gulf have worked with some of the most well established names in the oil and gas industry.

Our associated insurance section is a full service Lloyd’s Insurance and Reinsurance brokerage. see below The high standards of service and total independence are constantly maintained for the benefit of our clients. We are highly client focused and believe that our personal service and the dedication of our staff ensures that we can provide complete and comprehensive risk solutions to our broad client base.

Political & Commercial Risk Insurance

Lloyds of London

Lloyd’s (not connected to Lloyds bank) is the world’s leading insurance market providing specialist insurance services to businesses in over 200 countries and territories. In 2014 there were 94 syndicates that wrote £25.28 billion of gross premiums on business produced by 219 Lloyd’s brokers.

Lloyd’s is the world’s best known – but probably least understood – insurance brand. This is because Lloyd’s is not an insurance company but a society of members, both corporate and individual, who underwrite in syndicates on whose behalf professional underwriters accept risk. Supporting capital is provided by investment institutions, specialist investors, international insurance companies and individuals.

HOW IT WORKS
Lloyd’s brokers bring business to the market. The risks placed with underwriters originate from clients and other brokers and intermediaries all over the world. Together, the syndicates underwriting at Lloyd’s form one of the world’s largest commercial insurers and a leading re insurer.
The market structure encourages innovation, speed and better value, making it attractive to policyholders and participants alike. Immediate access to decision-makers means that answers on whether a risk can be placed are made quickly, enabling the broker to provide fast, good value solutions.

Lloyd’s is not an insurance company. It is an insurance market of members. Members of Lloyd’s, or ‘capital providers’ as they are often known, accept insurance business through syndicates on a separate basis for their own profit and loss (in other words, members of Lloyd’s are not jointly responsible for each others losses). The membership of Lloyd’s is currently made up of companies, individuals and Scottish Limited Partnerships. Individual members, or ‘Names’ as they are often known, tend to support a number of syndicates, whereas some corporate members only underwrite through a single syndicate.

Lloyd’s members conduct their insurance business in syndicates, each of which is managed by an accredited agent. Syndicates compete for business, thus offering the choice, flexibility and continuing innovation.

Syndicates cover either all or a portion of the risk and are fully staffed by underwriters, who are the leading insurance professionals on whose expertise and judgement the market depends.

ABOUT LLOYDS BROKERS
Accredited Lloyd’s brokers place risks in the Lloyd’s market on behalf of clients. These brokers use their specialist knowledge to negotiate competitive terms and conditions for clients.

Lloyd’s operates an accreditation process for brokers seeking access to the Lloyd’s Market. All brokers must satisfy all relevant regulatory requirements. Lloyd’s performs a careful assessment of all applicant brokers, affirming their reputation and financial standing and investigating the character and suitability of officers and employees before making the decision to accredit. Firms receive provisional accreditation for three years before becoming entitled to use the term “Lloyd’s broker”.

Visit the Lloyds Website here

No matter what you require insured just ask us for a quote

CWC Gulf arrange risk dilution packages

Lloyds Insurance Market

Working with our accredited Lloyds brokerage partners CWC Gulf have developed risk underwriting packages for a number of clients over the years. By utilizing a combination of political, marine and commercial underwriting it has been possible to tailor customized policies that satisfy the risk management departments of financial institutions thus enhancing security cover. We have the ability to tailor coverage for an extensive range of overseas business including equity investments, physical assets, cross-border loans and contracts for goods and services

Re-insurance

The current client base is wide and varied with cedants domiciled in London (Lloyd’s and Company Markets) and overseas. We can arrange reinsurance protection relating to the following classes of business:

CWC Gulf can devise, structure and place complete treaty programs (or parts of programs) at all monetary levels on both a non-proportional and proportional basis.

On a treaty basis:
MARINE
NON-MARINE
including Bloodstock, Livestock & Agriculture

On a facultative basis:
MARINE
NON-MARINE

Clients benefit from our considerable experience of facultative reinsurance placements marketed discretely with financially strong Re insurers.

MARINE
At CWC Gulf we can offer a complete range of Marine transit and storage coverage. We have access to domestic and international markets and represent owners of cargo and manufacturing industries. A selection of our services include:

Hull and Machinery
Protection and Indemnity
Charterers Liability
Yacht Insurance
Docks, Piers and Jetty Physical Damage / Liability
Purpose built contracts for Marine Cargo and inland transit insurance.
Stock through put policies worldwide.
Storage insurance – retail and wholesale.
Fine art and Specie.
Depreciation and rejection insurance.
Freight forwarders contracts, including liability.
Motor Truck cargo.

Our contracts will be individually tailored for today’s traders and we take into serious consideration specific requirements and pride ourselves on our efficient claims service.

AVIATION (CIVIL & MILITARY)
We have significant capability in all areas of aviation insurance and reinsurance offering competitive policies and coverage as follows:

Hull/Liability for general aviation
Hull/Liability for airlines
Total Loss Only
War/Political risks
Ground risks and airports
Hull Deductible insurance
Air cargo insurance / Cargo Liability
Loss of Flying License
Personal Accident
Premises, Hangar keepers & Products Liability
Loss of Use
Employers Liability (UK only)
Mechanical Breakdown

The above selection of our products is available to clients located almost anywhere in the world using our extensive network of insurers and re insurers which we access.

MILITARY
We have significant experience and expertise in the structuring, designing and servicing of insurance/ reinsurance programs for Government bodies and Ministries of Defence. Typical aviation interests include fighter jets, military transport aircraft and helicopters; in respect of marine risks, we are able to place all types of naval vessel. Non-marine military equipment insured can include tanks, military vehicles, property and buildings etc.

We have strong relationships with insurance markets for this highly specialized class of business both in London and overseas, selected according to our clients’ requirements. Owing to the sensitive nature of information required for such placements, we offer clients complete integrity and confidentiality at all times.

POLITICAL RISKS COVER
Political risk insurance can provide the protection investors, financial institutions and corporate clients need to safeguard their investments in unpredictable regions of the world against losses. This provides the security they need at a per-determined cost.

ENERGY
A small selection of our energy insurance/ reinsurance products and services for both onshore and offshore business is outlined below, all of which we can offer on a worldwide basis:

New construction projects

Operating risks – such as cover for refineries, petrochemical plants, producing plants, mobile drilling units and rigs

Highly specialized insurance products such as Control of Well and Downhole Tool

Transit and storage covers (for all modes of transport) for plant machinery and/or distribution of oil-products or petrochemicals

We have access to insurers for ‘all risks’, business interruption and liability coverage for all interests detailed above

Earthquake cover arranged

COMMERCIAL
With our extensive experience of dealing in the Lloyd’s market and our specialization in both Property and Liability covers, CWC Gulf has access to a diverse range of underwriters and facilities both in Lloyd’s and the London markets. We are therefore confident that we can meet your specific placing needs in these areas.

Should you have an inquiry then please Contact us.

Tailored Underwriting to Dilute Project Risk

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