Sovereign Risk Insurance (Sovereign) is one of the world’s leading underwriters of political risk and sovereign credit insurance and reinsurance.
Sovereign’s clients include many of the world’s largest banks, exporters, multinational corporations, export credit agencies, multilateral agencies and private equity investors. Sovereign is also a member of the Berne Union, the worldwide organization of national export credit and investment insurance agencies.
Sovereign is wholly-owned by and underwrites for Chubb Bermuda Insurance Ltd. (“Chubb Bermuda”), which is AA rated by S&P. Chubb Bermuda (formerly ACE Bermuda) is a wholly-owned subsidiary of Chubb Limited ("Chubb"), the world's largest publicly traded property and casualty insurer.
Since its formation in July 1997, Sovereign has underwritten more than 1,500 policies and has a global portfolio that is spread over more than 100 emerging and frontier markets. Sovereign is widely recognized within the international insurance and trade/project finance community, as a sophisticated and reliable risk-sharing partner.
While we are proud of our AA rating and financial accomplishments, we also recognize that in the political risk insurance community performance is measured not only by statistics and ratios, but also by relationships and reputation. Building trust and demonstrating integrity are essential elements of success and we are proud to be considered a market leader in that regard.
Video of the Sovereign story here