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This list represents a selection of ATI projects

Country:
Sector:
Construction
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-payment due to transfer restriction; expropriation; damage or business interruption caused by war and civil disturbance; and embargo
Project:
Expansion of a cement plant
Maximum Sum Insured:
$26.4 million

Fueled by the demand of a booming construction industry, cement production is big business in East Africa. In Rwanda, a local cement producer supplying to the domestic market and neighbouring Burundi, Eastern Democratic Republic of Congo and Uganda needed to expand production to meet the growing demand. To support this expansion, a regional bank provided a lending facility for a period of six years. Before the deal could be finalised, the Bank sought ATI insurance to protect its loan against non-payment arising from political risks.

With the loan in place, the cement producer is on the way to boosting production capacity from 100,000 to 600,000 tonnes per year. High tech additions also promise greater efficiencies that will see the plant eventually service expected regional demand of 1.1 million tonnes by 2020.

Country:
Sector:
Services
Insurance Type:
Non-payment by a sovereign obligor (a government buyer) and contract frustration. Covered risks on pre and post-delivery of goods include transfer restriction, physical damage and business interruption caused by war and civil disturbance, and embargo
Risks Covered:
Political Risk Insurance
Project:
Supply of new fire fighting vehicles
Maximum Sum Insured:
$1.3 million

This project will help Rwanda respond more efficiently to fires and reduce the number of deaths and damage to local business. The potential for human-induced fires is expected to increase – caused in part by a steady stream of people into urban areas and a population estimated to grow from 11 to 16 million by 2020. To help manage the risks, the government contracted a German trading company to supply fire trucks. Before finalizing the contract, the company obtained ATI insurance to offer protection against potential losses in the pre and post-delivery phases of the supply contract.

Country:
Sector:
Tourism
Insurance Type:
Political Risk Insurance Non honouring of a sovereign guarantee
Risks Covered:
Non-Honouring of a Ministry of Finance Guarantee
Project:
Term loan facility to finance purchase of new aircraft in support of air transportation
Maximum Sum Insured:
$60 million

This project supports Rwanda’s tourism boom which brought in $200 million to the local economy in 2010. To better service the estimated 666,000 tourists that visited last year the government is revamping its ICT infrastructure, regional railway and energy grid. Shoring up its regional carrier is also seen as a core part of a plan to compete with its neighbours for a share of the lucrative tourism market and manufacturing business. To support the airline’s expansion, ATI insured PTA Bank’s loan to the airline against government payment default. In the process, ATI fulfils a core mandate to support efforts that remove barriers to trade in the region - key among these barriers is lack of efficient transportation.

Country:
Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-payment by a Sub Sovereign Buyer
Project:
Construction of a voltage network
Maximum Sum Insured:
$8 million

Inadequate infrastructure, especially in the energy sector, has been a major obstacle to faster economic growth for Rwanda. The energy sector is one of the priority areas in the country’s growth strategy under the new three-year Policy Support Instrument (PSI).

The construction of a voltage network is intended to improve access to energy in the rural areas. In this transaction, ATI reinsured three partners from the Middle East and North Africa, included Tunisia’s COTUNACE together with Kuwait’s Arab Investment and Export Credit Guarantee Corporation and Saudi Arabia’s Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Country:
Sector:
Construction
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-payment due to transfer restriction; expropriation; damage or business interruption caused by war and civil disturbance; and embargo
Project:
Expansion of a cement plant
Maximum Sum Insured:
$26.4 million

Fueled by the demand of a booming construction industry, cement production is big business in East Africa. In Rwanda, a local cement producer supplying to the domestic market and neighbouring Burundi, Eastern Democratic Republic of Congo and Uganda needed to expand production to meet the growing demand. To support this expansion, a regional bank provided a lending facility for a period of six years. Before the deal could be finalised, the Bank sought ATI insurance to protect its loan against non-payment arising from political risks.

With the loan in place, the cement producer is on the way to boosting production capacity from 100,000 to 600,000 tonnes per year. High tech additions also promise greater efficiencies that will see the plant eventually service expected regional demand of 1.1 million tonnes by 2020.

Country:
Sector:
Services
Insurance Type:
Non-payment by a sovereign obligor (a government buyer) and contract frustration. Covered risks on pre and post-delivery of goods include transfer restriction, physical damage and business interruption caused by war and civil disturbance, and embargo
Risks Covered:
Political Risk Insurance
Project:
Supply of new fire fighting vehicles
Maximum Sum Insured:
$1.3 million

This project will help Rwanda respond more efficiently to fires and reduce the number of deaths and damage to local business. The potential for human-induced fires is expected to increase – caused in part by a steady stream of people into urban areas and a population estimated to grow from 11 to 16 million by 2020. To help manage the risks, the government contracted a German trading company to supply fire trucks. Before finalizing the contract, the company obtained ATI insurance to offer protection against potential losses in the pre and post-delivery phases of the supply contract.

Country:
Sector:
Tourism
Insurance Type:
Political Risk Insurance Non honouring of a sovereign guarantee
Risks Covered:
Non-Honouring of a Ministry of Finance Guarantee
Project:
Term loan facility to finance purchase of new aircraft in support of air transportation
Maximum Sum Insured:
$60 million

This project supports Rwanda’s tourism boom which brought in $200 million to the local economy in 2010. To better service the estimated 666,000 tourists that visited last year the government is revamping its ICT infrastructure, regional railway and energy grid. Shoring up its regional carrier is also seen as a core part of a plan to compete with its neighbours for a share of the lucrative tourism market and manufacturing business. To support the airline’s expansion, ATI insured PTA Bank’s loan to the airline against government payment default. In the process, ATI fulfils a core mandate to support efforts that remove barriers to trade in the region - key among these barriers is lack of efficient transportation.

Country:
Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-payment by a Sub Sovereign Buyer
Project:
Construction of a voltage network
Maximum Sum Insured:
$8 million

Inadequate infrastructure, especially in the energy sector, has been a major obstacle to faster economic growth for Rwanda. The energy sector is one of the priority areas in the country’s growth strategy under the new three-year Policy Support Instrument (PSI).

The construction of a voltage network is intended to improve access to energy in the rural areas. In this transaction, ATI reinsured three partners from the Middle East and North Africa, included Tunisia’s COTUNACE together with Kuwait’s Arab Investment and Export Credit Guarantee Corporation and Saudi Arabia’s Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).