Project finance lenders are increasingly turning to unfunded non-payment insurance — which provides substantial risk syndication, credit, and portfolio management benefits — to cover borrower default risk. In recent years, the market for long-tenor, non-recourse credit risk insurance has significantly deepened, stemming from the well-established markets for insuring trade finance loans.

Which companies are participating and what are their capabilities? How does project finance non-payment insurance compare with other risk financing options available to banks? How can banks increase their competitive position by working with these insurers as “silent partners”? How does unfunded non-payment insurance reduce credit risk and reduce risk-weighted assets? 

Join us for an informative session in which credit risk experts will discuss recent trends and answer your questions. This session will provide insights for, among others, commercial bank project finance lenders, bank portfolio management and credit risk specialists, and loan syndication / risk distribution officers.

8:00am Registration & Networking

8:45am Welcome & Opening Remarks
Evan Freely, Global Practice Leader, Marsh Political Risk and Structured Credit

8:50am Panel Discussion
Stephen Kay, U.S. Practice Leader, Marsh Political Risk and Structured Credit
Michael Silas, Senior Vice President, Capital Risk Solutions, AXIS Capital
Nicholas R. Williams, Partner, Clifford Chance LLP

9:55am Closing Remarks
Evan Freely, Global Practice Leader, Marsh Political Risk and Structured Credit

IPFA Update
Durban Mitchiner, Marsh; IPFA U.S. Council Member