Talbot Specialty Insurance Services, Inc. on behalf of Lloyds syndicate, Talbot 1183

Validus Speciality Underwriting Services INC. underwrites credit and political risk insurance on behalf of Talbot 1183. Although Talbot is owned by AIG it operates as a separate entity with its own reinsurance treaty and unique underwriting standards. Our clients are comprised of commercial banks and ecas looking to cover their trade finance and project finance loans against non-payment or non-delivery by the borrower. We also work, with banks that want to insure non-payment due political risks only such as expropriation of funds, currency inconvertibility etc. A substantial part of our business is comprised of political risk insurance for corporates doing business in emerging markets.