Our alternative credit insurance team at Willis, a WTW business, provides structured credit insurance solutions tailored to meet the needs of:
- Non-bank financial institutions
- Funds (with a focus on private credit)
- General partners, and
- Limited partners (including NAIC & Solvency II Regulated Investors)
- Banks (in collaboration with our Financial Institutions coverage team)
Key benefits of our tailored credit insurance solutions
Credit risk insurance protects against the non-payment of a financial obligation by an obligor pursuant to the terms of a loan, note, bond or derivative.
Benefits to the purchaser/insured include one or more of the following:
- Mitigation of credit risk on a confidential basis (not disclosed to obligor)
- Enhancement of risk adjusted returns
- Optimization of economic and/or regulatory capital
- Management of limits (obligor, sector, geography)
- Expansion of risk distribution end markets
- Discrete partnership
Solutions can insure a single exposure, as well as pools and portfolios on a vertical or horizontal tranched basis. Insurers are typically rated from A- to AA and are diversified property and casualty insurers and reinsurers.
Insurable risks
Our alternative credit risk insurance solutions cover a broad spectrum of industries, asset classes and markets including:
- Senior direct lending
- Large corporates
- SME
- Project finance (infrastructure, energy, utilities, renewables, telecommunications, data centers)
- Asset-based loans (aircraft, ships)
- Emerging market - sovereign guaranteed
- Select commercial real estate (CRE) - single asset & portfolio
- Select CRE - single asset & portfolio
- Broadly syndicated loans (BSL) and middle-market (MM) collateralized loan obligation (CLO) tranches
- Significant risk transfer (SRT) tranches
- Trade receivables securitizations
- Feeder funds
- Separately managed accounts
- Subscription/capital call facilities
- Hybrid facilities
- NAV facilities
- Emerging market – sovereign
- Corporate bonds
- Derivative counterparty credit risk
- Insurance of indemnity reserves
- Counterparty credit risk
- Counterparty credit risk
- Voluntary carbon market projects
- Compliance market credit risk
Alternative credit insurance contact
Disclaimer
WTW hopes you found the general information provided here informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, WTW offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).