Trade Credit, Surety

& Political Risks

Trade Credit, Surety

& Political Risks

Managing complex risk

Managing complex risk

Remove the uncertainty

With up to 80% of global trade based on some form of credit or guarantee, our Credit, Surety and Political Risk specialists provide solutions tailored to your political, economic, or commercial risk needs.

With up to 80% of global trade based on some form of credit or guarantee, our Credit, Surety and Political Risk specialists provide solutions tailored to your political, economic, or commercial risk needs.

Remove the uncertainty

Freedom to grow in an uncertain world

Heightened geo-political tensions against a background of a fragile global economy mean that businesses are more focussed than ever on the loss potential posed by political and credit risks.

Through our considered approach we create the solutions that best suit you, tailoring coverage for specific risks, markets and contingencies, however unusual they may be.

As the world changes, you can always rely on us to protect you from the unknown giving you the freedom to grow.

Trade Credit Insurance

Senior managers and directors have considerable responsibility ensuring that all threats to the sustainability of their businesses are controlled and managed. Within the framework of complying with the duties of managing a business, it is possible that credit risks may be overlooked. Yet the impact of a bad debt on the business can be catastrophic.

The real value of credit insurance, aside from the fundamental balance sheet protection, is that it not only facilitates improved cash flow and reduced borrowing rates, but is also an enabler of increased funding levels from your bankers. It creates a secure platform for developing trading relationships with new partners and products, or in new markets, giving you a competitive advantage over other businesses which use their own balance sheet to fund such risks

Surety Bond Insurance

Companies in the construction and engineering industries often need to provide their clients with performance bonds and other third-party guarantees to ensure contractual obligations are met.

The ability to provide such bonds and guarantees can be a critical differentiator when bidding for contracts, and failure to provide a bond can ultimately lead to disqualification from the bidding process.

Providing a complete solution for sourcing surety bonds, from arranging bond facilities and ensuring adequate capacity, to providing advice on bond wordings and indemnity negotiation, we deliver innovative and high-quality surety risk solutions, domestically and globally.

Political Risk Insurance

As the geopolitical landscape becomes increasingly uncertain, multinational organisations and financial institutions have elevated their awareness of the inherent challenges faced when conducting business in areas of concern. Seemingly tranquil countries and regions can erupt quickly, and the nature of events is increasingly unpredictable. 

We can help you negotiate solutions to cover the risks you face, including:

  • Confiscation, expropriation, nationalisation, currency inconvertibility
  • License cancellation, forced divesture and abandonment, arbitration award default, non-repossession of assets, unfair calling of bonds, political violence, business interruption following political violence
  • Contract frustration against sovereign buyer nonpayment/nonperformance

HDL, the right partner for you.

RTC

Receivables Trade Credit & Surety (RTC)

Receivables Trade Credit & Surety (RTC) is an authorised representative of Horsell Duffy Langley operating as a specialist Advisor and Broker on all Trade Credit Risks and Surety Solutions.

Led by David Pulver, who has over 30 years experience in advising companies on their risk management procedures and systems, RTC helps clients avoid bad debts and have been involved in settling many large credit risk claims.

The RTC team have assisted Financiers and Contractors requiring the enhanced support of well rated Insurers. These enhancements have been used to assist receivables financing, project financing and contractor guarantee obligations.

The RTC team are always available to assist on advisory and broking assignments.

What is the difference between Surety Bonds and Traditional Secured Bank Guarantees?

Both are unconditional and on demand guarantees, issued by an S&P (Standard & Poor’s) rated financial institution.

In the case of a Surety Bond, the financial institution is an insurer not a bank.

The issuers of Insurance Bonds do not typically require the Bond to be secured by cash deposit which benefits the obligees/beneficiaries cashflow.

A Bank Guarantee requires security to be lodged against the Bank Guarantee facility requiring the obligee/beneficiary to have significant capital reserves, property or cash to use as collateral restricting growth opportunities.

Surety Bonds and Bank Guarantees are generally identical and have the same obligations at law, payment must be made on demand when called on for payment.

Complimentary Review

Complimentary Review

Securing optimal insurance protection is becoming more challenging.

Having a fresh set of eyes can make a dramatic difference.  HDL welcomes the opportunity to evaluate and challenge your current risk and insurance program in a confidential manner that avoids disrupting existing relationships.

Insurance Broker

Our Global Insurance Network

Over 150 Insurers across the globe.

Our Global Insurance Network

Over 150 Insurers across the globe.