Structured Credit

Global markets don’t come without complexity. Whether lending into syndications, exporting to emerging markets, or investing in cross-border projects, financial institutions, credit agencies, and corporates need protection against non-payment, non-performance, and political disruption.

At Price Forbes, we specialise in structuring bespoke credit and political risk solutions for financial institutions, corporates, and government agencies. Our programmes are built around the real-world exposures your clients face and the strategic outcomes they need to secure.

Structured Credit solution coverage


We deliver credit and political risk coverage tailored to trade, lending, and investment flows:

  • Non-Payment Insurance
    Protection against defaults under trade contracts or financing agreements. Suitable for lenders, exporters, traders, and agencies exposed to counterparty risk.
  • Performance Risk Insurance
    Covers non-performance under commercial contracts (e.g. non-delivery). Used by importers, exporters, and commodity traders in both structured and spot trades.
  • Political Risk Insurance
    Cover for losses arising from expropriation, political violence, war, currency inconvertibility, or non-transfer. Particularly relevant to investments or transactions in higher-risk jurisdictions.

We work directly with highly rated specialist underwriters to deliver capacity, flexibility, and responsiveness, with a sharp focus on cost-effective, creditworthy placement.

Industries we support with Structured Credit solutions

  • Banks & Non-Bank Lenders involved in project finance or syndicated lending
  • Exporters and Importers with payment or delivery exposures
  • Commodity Traders across metals, energy, and agri-sectors
  • Investment Funds active in emerging markets
  • Export Credit Agencies and DFIs

Key contacts

James Cunningham
Managing Director, Head of Credit and Political Risks

Structured Credit Insurance

Frequently Asked Questions

Non-payment covers default by private counterparties. Political risk insurance protects against actions or inactions of governments, such as expropriation, civil unrest, or currency issues, that impact contract performance.

Yes. Structured credit solutions can help optimise regulatory treatment under Basel or Solvency frameworks by transferring risk to highly rated insurers, improving capital efficiency.

Absolutely. While often used by banks or multinationals, structured credit products are increasingly being deployed by mid-market traders, investment funds, and exporters looking to protect cashflow and margin.

Yes. That’s one of our key strengths. We’re experienced in placing risk in challenging jurisdictions where creditworthiness or political stability may be volatile, and where bespoke structuring is essential.

Yes. We can build structured programmes that cover a portfolio of receivables, trade flows or project loans, reducing administration and delivering pricing efficiency across exposures.

Let's Talk

Our insurance experts are always on hand to talk about ways we can join forces to take on the future.