Demand for political risk insurance is on the rise, driven by increasing global unrest and the economic fallout of COVID-19. As more businesses move to protect themselves, two experts weigh in on the current political risk landscape, and what we can expect as the world continues to emerge from the pandemic.

Global insurance broker Marsh recently bolstered its political risk and structured credit team with the appointment of former Gallagher executive director Gary McNally as managing principal.

Kyle Williams, Marsh’s senior vice president and head of political risk and structured credit, described it as an important hire given the significant increase in demand for senior level, experienced advisory and risk placement capabilities in this area.

‘We have observed a 31 per cent year-on-year increase in global inquiries for structured credit insurance and political risk insurance,’ he says. 

‘Companies are responding to growth and expansion opportunities at a time of unprecedented macro and geopolitical uncertainty. Demand is broad-based, coming from corporate asset owners, financial investors, and banks and lenders providing financing for specific projects.’

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