Resources for Export Credit Insurance
Export-Import Bank of the United States (U.S. EXIM Bank)
811 Vermont Avenue NW
Washington, DC 20571
Tel: (202) 565-3946
Fax: (202) 565-3380
Website: http://www.exim.gov
Ownership structure: 100 percent sovereign.
Overview: Provides medium- and long-term guarantees and loans and short- and medium-term insurance.
General Description: The Export-Import Bank of the United States (U.S. EXIM Bank) provides guarantees, insurance, and loans. The main programs offered are short-term supplier credit and medium- and long-term buyer credit. Policies cover up to 100 percent for political and commercial risks. The CIRR is offered for loans. Overseas investment insurance is not offered. The U.S. EXIM Bank carries the full faith and credit of the U.S. government. The bank is bound by OECD consensus and has a dedicated project finance department. Commercial banks provide a source for lending. The bank works with many institutions, including commercial banks, insurance brokers, and state and local governments and organizations.
Overseas Private Investment Corporation (OPIC)
1100 New York Avenue NW
Washington, DC 20527
Tel: (202) 336-8484
Fax: (202) 218-0235
Contact for guarantee information: Alfredo M. Rodriguez. Fax: (202) 408-9866.
Contact for insurance information: Julie Martin. Tel: (202) 336-8586; Fax: (202) 408-5142.
Ownership structure: 100 percent sovereign.
Overview: Provides medium- and long-term guarantees, insurance, and finance to support U.S. investment in emerging markets.
General Description: The Overseas Private Investment Corporation (OPIC) is a self-sustaining federal agency that operates at no net cost to taxpayers. The agency sells investment services to U.S. businesses of all sizes. OPIC-backed projects strengthen the U.S. economy by promoting investment by American companies and American-made exports that support and create American jobs. OPIC only supports projects that take steps to protect the local environment and respect workers rights. OPIC provides insurance and guarantees. The agency is not bound by OECD consensus, except in certain instances when it insures loans tied to the U.S. government. OPIC carries the full faith and credit of the government and has a dedicated project finance department.
American International Group, Inc. (AIG)
70 Pine Street
New York, NY 10270
Tel: (212) 770-7261
Fax: (212) 269-3387
Contact for trade credit: Des DeSwart (New York); Ed Brittenham (AIG Europe-London).
Contact for political risk: John Hegeman (New York); Julian Edwards (AIG Europe-London).
Ownership structure: 100 percent private.
Overview: Provides short-term export credit and political risk insurance.
General Description: American International Group, Inc. (AIG) members underwrite property, casualty, marine, life, and financial services insurance in approximately 130 countries and jurisdictions and are involved in a range of financial services businesses. AIG is rated AAA by Standard & Poor’s and AAA by Moody’s. AIG Global Trade and Political Risk Insurance comprises the trade credit division and the political and commercial risks. AIG is not bound by the OECD consensus. No interest support is offered. AIG is a member of the Berne Union.
CNA Credit Insurance (CNA) 1100 Cornwall Road
PO Box 905
Monmouth Junction, NJ 08852
Tel: (732) 398-4463
Fax: (732) 398-5106
Contact: Jim Higgins.
Website: http://www.CAN-CREDIT.com
Email: [email protected]
Ownership structure: 100 percent private.
Overview: Provides short-term insurance.
General Description: CNA Credit is a division of CNA, one of the largest insurance groups in the United States. CNA is the second largest commercial insurer in the United States, providing a variety of insurance products to business. Policies cover up to 90 percent for political and commercial risks. CNA is not bound by OECD consensus, does not carry the full faith and credit of the government, and does not have a project finance department.
Exporters Insurance Company (Exporters)
30 Woodbourne Avenue
Hamilton, HM 08 Bermuda
Tel: (441) 296-1745
Fax: (441) 292-8682
Contact: Bob Svensk, President.
Internet: http://www.exporters.bm
Email: [email protected]
Exporters Services
37/39 Lime Street, 9th Floor
London, EC3M 7AY, UK
335 Madison Avenue
New York, NY 10017
Tel: (212) 370-6000
Fax: (212) 370-0357
Ownership structure: 100 percent private.
General Description: Exporters Insurance Company (Exporters) is a group captive insurance company. Its policies cover up to 90 percent for political and commercial risks. Interest support is offered, but the CIRR is not. Exporters insurance is not bound by OECD consensus, does not carry the full faith and credit of any government, and does not have a separate project finance department.
FCIA Management Company Inc. (FCIA)
40 Rector Street
New York, NY 10006
Tel: (212) 306-5000
Contact: Lindley Franklin.
Ownership structure: 100 percent private.
Overview: Provides credit and political risks insurance.
General Description: FCIA Management Company, Inc. provides the underwriting and administrative services for the worldwide credit insurance businesses of Great American Insurance Company and Foreign Credit Insurance Association. FCIA offers a broad line of credit insurance and political risks products. Great American Insurance Company heads one of the largest property/casualty groups in the United States, and provides a wide variety of specialty coverages to U.S. customers. Foreign Credit Insurance Association was established in 1961 and has continuously provided export credit insurance to U.S. companies since that time—longer than any other insurer.