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SCO » Topics » Credit, Surety & Political Risks

This excerpt taken from the SCO 20-F filed Jan 27, 2006.

Credit, Surety & Political Risks

 

SCOR’s Credit, Surety and Political Risks business is conducted by teams based primarily in Europe and to a lesser extent in the United States. In credit insurance contracts, the insurer covers risks of loss due to non-payment of debts, while in surety insurance contracts, the insurer acts as guarantor to pay, or make pay, a debt. Political risks insurance covers risks of loss as a result of measures taken by governments or governmental entities jeopardizing a sales contract or an obligation.

 

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