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Claims History

Home » About Us » Claims History
Claims Historyadmin@sovereign2023-04-03T16:52:34+00:00

Claims History

While price will always be an important consideration in the insurer selection process, sophisticated purchasers of PRI are now putting more consideration into the credit rating and claims payment record of different underwriters. Since its formation in 1997, Sovereign has paid over $280 million in claims. Below are summaries of each claim:

  • 1999 – Expropriation (Arbitration Award Default) Indonesia
  • 2000 – Claims Mitigation in Argentina
  • 2002 – Currency Inconvertibility / Argentina
  • 2002 – Expropriation of Funds / Argentina
  • 2002 – Non-Payment / Argentina
  • 2004 – Client Letter – Argentina / Claim
  • 2005 – Non-Payment / Argentina
  • 2005 – Non-Payment / Dominican Republic
  • 2009 – Non-Payment / Seychelles
  • 2010 – Currency Inconvertibility-Non-Transfer / Venezuela
  • 2011-2012 – Non-Payment / Vietnam
  • 2014 & 2015 Political Violence / Eastern Ukraine
  • 2015 – Non-Payment / Nigeria
  • 2016 & 2017 – Non-payment / Gabon
  • 2017 – Debt Restructuring / Azerbaijan
  • 2018 – Non-Payment / Ethiopia
  • 2018-2022 – Missed Scheduled Payment / Ethiopia
  • 2019-2020 – Non-Payment / Kenya
  • 2020 – Non-Payment / Republic of Congo
  • 2020 – Non-Payment / Zambia
  • 2021-2022 – Non-Payment / Suriname

Claims History

  • 1999 – Expropriation (Arbitration Award Default) Indonesia
  • 2000 – Claims Mitigation in Argentina
  • 2002 – Currency Inconvertibility / Argentina
  • 2002 – Expropriation of Funds / Argentina
  • 2002 – Non-Payment / Argentina
  • 2004 – Client Letter – Argentina / Claim
  • 2005 – Non-Payment / Argentina
  • 2005 – Non-Payment / Dominican Republic
  • 2009 – Non-Payment / Seychelles
  • 2010 – Currency Inconvertibility-Non-Transfer / Venezuela
  • 2011-2012 – Non-Payment / Vietnam
  • 2014 & 2015 Political Violence / Eastern Ukraine
  • 2015 – Non-Payment / Nigeria
  • 2016 & 2017 – Non-payment / Gabon
  • 2017 – Debt Restructuring / Azerbaijan
  • 2018 – Non-Payment / Ethiopia
  • 2018-2022 – Missed Scheduled Payment / Ethiopia
  • 2019-2020 – Non-Payment / Kenya
  • 2020 – Non-Payment / Republic of Congo
  • 2020 – Non-Payment / Zambia
  • 2021-2022 – Non-Payment / Suriname

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