Commodity Traders
Keeping your trades moving, even when others can't.
Secure trade flows and financing are imperative in today’s competitive environment. We arrange non-payment / non-performance and political risks insurance to protect payment undertakings, pre-payments and delivery risks in the energy, metals and agricultural commodity sectors.
Non-payment/non-performance insurance
Protecting your financial interests against any of the following for both commercial and political events.
- Non-payment due to a buyer’s insolvency or default
- Non-honouring of guarantees of payment or letters of credit issued by governments, banks or corporate institutions
- Currency inconvertibility / non-transfer
- Non-repayment of advance funds following non-delivery of products
Political risks insurance
We also secure cover against physical loss or damage to stock, mobile or fixed assets in the event of political violence or government action/inaction resulting in:
- confiscation, expropriation or deprivation
- contract frustration or repudiation.
Non-payment/non-performance insurance
Protecting your financial interests against any of the following for both commercial and political events.
- Non-payment due to a buyer’s insolvency or default
- Non-honouring of guarantees of payment or letters of credit issued by governments, banks or corporate institutions
- Currency inconvertibility / non-transfer
- Non-repayment of advance funds following non-delivery of products
Matching your business strategy
We understand that to remain profitable you need to be able to offer competitive arrangements for your clients. We work with you, and insurers to align your insurance options with your economic structures, ensuring sufficient balance sheet treatments to give you sustainable competitive advantage.
International presence
We appreciate that traders operate internationally. Working collaboratively across our offices in London, Paris, Geneva and Singapore, we have experts on the ground to ensure speed of response, consistent execution and the highest standards of service wherever you operate.
Market knowledge
With access to Lloyd’s syndicates, international and multilateral insurance companies, we find the best markets to match your needs. Our detailed understanding of each insurer’s risk appetite and capabilities results in efficient marketing practices and certainty of execution. Combined with our long-standing relationships, we secure coverage that not only provides robust protection, but helps drive savings and efficiencies through off-balance sheet financing.
Why Miller?
One Team Approach
In addition to our credit and political risks expertise, our wider specialist teams can provide insurance solutions for the entire range of your supply chain. Our ‘one team’ approach is core to our client service.
Shared values
We believe our culture and values align with those of a commodity trader, with a specific focus on:
- high speed of response
- deal focused and competitive arrangements
- continuity of relationships.
Market-leading claims service
We never overlook the importance of a prompt and helpful claims service and the peace of mind this can offer. As a result we have built one of the strongest claims teams in the industry.
Get In Touch
Arnaud Froideval
Executive Director - Head of CSP Europe and Switzerland +41 (0) 76 497 2232 [email protected] Read more
Thomas Holmes
Head of Credit, Surety & Political Risks, London +44 (0) 20 7031 2678 [email protected] Read more
Edward Cheak
Head of Credit, Surety & Political Risks, Asia +65 6512 5170 [email protected] Read moreSubmit an enquiry
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