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This list represents a selection of ATI projects

Country:
Sector:
Mining
Insurance Type:
Political Risk Insurance
Project:
Copper Mining
Maximum Sum Insured:
$5.6 million

Africa's biggest copper reserves are in Zambia, where for the past decade the government has experienced broad gains. The project expects to become Zambia's single largest mine by output, generating over 1,500 jobs during construction and more than 1,000 once in full operation. The mine aims to produce 150,000 tonnes of copper per year and is already fulfilling its employment promise as it absorbs many laid off workers from other mines impacted by the financial crisis.

Australia's Export Finance and Insurance Corporation (EFIC) issued a $90 million Political Risk Insurance policy, covering one loan tranche as part of the $863 million project. ATI supported EFIC alongside other public and private sector insurers by providing reinsurance cover, the first partnership between ATI and EFIC. Strengthening partnerships with export credit agencies from outside Africa, such as EFIC, is central to ATI's strategy to provide a wider range of support for investors in Africa.

Country:
Sector:
Agriculture
Insurance Type:
Whole Turnover Credit Risk Insurance
Project:
Agricultural Exports
Maximum Sum Insured:
$1.7 million

The agricultural sector is steadily expanding in Zambia but high fuel costs, difficult access to financing, and a difficult export market present challenges. Since 1960, a major farm near Lusaka has grown vegetables for export to international markets and, in the 1980's, it added roses to its export products.

Employing 3,800 workers, the farm needed Export Credit Risk Insurance to protect itself against non-payment of its buyers in the Netherlands, New Zealand, South Africa and the United Kingdom. ATI stepped in with a Whole Turnover Credit Risk Insurance cover to protect the company's export sales.

Country:
Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Failure of a sub-sovereign borrower to repay a loan
Project:
Electricity Generation
Maximum Sum Insured:
$20 million

An international bank with operations in Africa obtained ATI insurance to cover their investment in a hydroelectric project, which supplies 98% of Zambia’s electricity. The project helps fill a gap in the country’s energy requirements, where only 20% of the population has access to electricity

Country:
Sector:
Mining
Insurance Type:
Comprehensive Non-payment Insurance
Risks Covered:
Insolvency, delayed payment, transfer restriction, expropriation, war and civil disturbance and embargo
Project:
Transportation of fuel
Maximum Sum Insured:
$6.4 million

A multilateral financial institution mandated to finance intra-African and international trade, approached ATI for insurance cover against non-payment by their borrower, a transport specialist within the mining industry. 

Mining revenues contribute a sizeable portion of Zambia’s GDP. Within the mining region, infrastructure, in particular road transport, has hampered the industry’s productivity. This project will provide mining companies with access to reliable transportation of their supplies.

Country:
Sector:
Telecommunications (ICT)
Insurance Type:
Comprehensive Non payment Insurance
Risks Covered:
Insolvency, payment delay, transfer restriction, expropriation, war & civil disturbance and embargo
Project:
Supply and Installation of Telecommunication Equipment
Maximum Sum Insured:
$3.7 million

This transaction falls under a Supply Agreement between two global companies, one a manufacturer of telecommunications equipment while the other provides mobile telephone services. ATI is insuring receivables from the supply and installation of network connectivity equipment and related accessories in several African countries.

The Zambian telecommunications market remains competitive with an independently regulated telecoms sector, three competing mobile networks and a national operator, which the government is privatising. The Zambian market, with a below average penetration of mobile telephony of 29% is one of several growth markets within the East and Southern Africa region.

Country:
Sector:
Manufacturing
Insurance Type:
Comprehensive Non-payment Insurance
Risks Covered:
Non-payment or delay on a scheduled payment; expropriation; currency inconvertibility and transfer restriction; and physical damage or business interruption caused by war and civil disturbance
Project:
Production of a bottling plant
Maximum Sum Insured:
$3.7 million

The emergence of a competitor in the Zambian beverage industry prompted great optimism. The bottler pledged to employ over 100 staff in the first year of operation while creating growth opportunities in the value chain that includes transportation, the sugar industry, fruit growers and other small enterprises.

The lender, a local subsidiary of a reputable international banking group, fronted the operation with a loan of $7 million. The bank purchased ATI insurance to hedge their risks against default on the scheduled loan repayments.

Once completed, the plant is expected to produce five million cases of soft drinks per year, supplying beverages to the local market as well as the entire Central African region.

Country:
Sector:
Telecommunications (ICT)
Insurance Type:
Comprehensive Non-payment Insurance
Risks Covered:
Payment delay; non-payment due to insolvency; currency transfer restriction; expropriation; embargo; and physical damage or business interruption caused by war and civil disturbance
Project:
Supply of digital microwave radio equipment to a mobile telephone operator
Maximum Sum Insured:
$1,479,000

A global manufacturer of telecommunication equipment secured an order to supply equipment to a mobile telephone operator on credit terms in Zambia. To protect the order against possible payment-related issues, the manufacturer obtained ATI’s comprehensive insurance cover.

The partnership with ATI and this manufacturer extends to insurance cover on similar deals in Malawi and Uganda. This is the fifth transaction between ATI and this client, underscoring the confidence they draw from ATI’s insurance to further their expansion in Zambia.

Country:
Sector:
Mining
Insurance Type:
Single Obligor Trade Credit Insurance
Risks Covered:
Suppliers default on Advance Payment
Project:
Supply of copper cathodes
Maximum Sum Insured:
$22.5 million

ATI supported a regional bank’s Trade Finance Facility for the purchase and sale of copper cathodes. Under the facility, the bank will pay the supplier the required advance payment on behalf of the buyer – a renowned multinational commodities trading company. ATI’s policy covers the buyer when the supplier fails to deliver the commodity and following that fails to reimburse the advance payment. The transaction facilitates trade between Africa and Europe and demonstrates a unique trade finance structure with ATI’s credit-enhancement.

Country:
Sector:
Telecommunications (ICT)
Insurance Type:
Lenders All Risks Policy - Single Obligor Trade Credit Insurance
Risks Covered:
Payment default by the borrower
Project:
Supply of ICT solutions
Maximum Sum Insured:
$425,000

A global engineering and technology consulting company won bids to supply a local telecommunications company and an international aid agency with mobile advertising and computer equipment. A major African bank set up a finance facility to help the company procure the equipment. With ATI’s insurance in place the Bank is protected against any payment defaults that may occur.

Country:
Sector:
Mining
Insurance Type:
Political Risk Insurance
Project:
Copper Mining
Maximum Sum Insured:
$5.6 million

Africa's biggest copper reserves are in Zambia, where for the past decade the government has experienced broad gains. The project expects to become Zambia's single largest mine by output, generating over 1,500 jobs during construction and more than 1,000 once in full operation. The mine aims to produce 150,000 tonnes of copper per year and is already fulfilling its employment promise as it absorbs many laid off workers from other mines impacted by the financial crisis.

Australia's Export Finance and Insurance Corporation (EFIC) issued a $90 million Political Risk Insurance policy, covering one loan tranche as part of the $863 million project. ATI supported EFIC alongside other public and private sector insurers by providing reinsurance cover, the first partnership between ATI and EFIC. Strengthening partnerships with export credit agencies from outside Africa, such as EFIC, is central to ATI's strategy to provide a wider range of support for investors in Africa.

Country:
Sector:
Agriculture
Insurance Type:
Whole Turnover Credit Risk Insurance
Project:
Agricultural Exports
Maximum Sum Insured:
$1.7 million

The agricultural sector is steadily expanding in Zambia but high fuel costs, difficult access to financing, and a difficult export market present challenges. Since 1960, a major farm near Lusaka has grown vegetables for export to international markets and, in the 1980's, it added roses to its export products.

Employing 3,800 workers, the farm needed Export Credit Risk Insurance to protect itself against non-payment of its buyers in the Netherlands, New Zealand, South Africa and the United Kingdom. ATI stepped in with a Whole Turnover Credit Risk Insurance cover to protect the company's export sales.

Country:
Sector:
Energy
Insurance Type:
Political Risk Insurance
Risks Covered:
Failure of a sub-sovereign borrower to repay a loan
Project:
Electricity Generation
Maximum Sum Insured:
$20 million

An international bank with operations in Africa obtained ATI insurance to cover their investment in a hydroelectric project, which supplies 98% of Zambia’s electricity. The project helps fill a gap in the country’s energy requirements, where only 20% of the population has access to electricity

Country:
Sector:
Mining
Insurance Type:
Comprehensive Non-payment Insurance
Risks Covered:
Insolvency, delayed payment, transfer restriction, expropriation, war and civil disturbance and embargo
Project:
Transportation of fuel
Maximum Sum Insured:
$6.4 million

A multilateral financial institution mandated to finance intra-African and international trade, approached ATI for insurance cover against non-payment by their borrower, a transport specialist within the mining industry. 

Mining revenues contribute a sizeable portion of Zambia’s GDP. Within the mining region, infrastructure, in particular road transport, has hampered the industry’s productivity. This project will provide mining companies with access to reliable transportation of their supplies.

Country:
Sector:
Telecommunications (ICT)
Insurance Type:
Comprehensive Non payment Insurance
Risks Covered:
Insolvency, payment delay, transfer restriction, expropriation, war & civil disturbance and embargo
Project:
Supply and Installation of Telecommunication Equipment
Maximum Sum Insured:
$3.7 million

This transaction falls under a Supply Agreement between two global companies, one a manufacturer of telecommunications equipment while the other provides mobile telephone services. ATI is insuring receivables from the supply and installation of network connectivity equipment and related accessories in several African countries.

The Zambian telecommunications market remains competitive with an independently regulated telecoms sector, three competing mobile networks and a national operator, which the government is privatising. The Zambian market, with a below average penetration of mobile telephony of 29% is one of several growth markets within the East and Southern Africa region.

Country:
Sector:
Manufacturing
Insurance Type:
Comprehensive Non-payment Insurance
Risks Covered:
Non-payment or delay on a scheduled payment; expropriation; currency inconvertibility and transfer restriction; and physical damage or business interruption caused by war and civil disturbance
Project:
Production of a bottling plant
Maximum Sum Insured:
$3.7 million

The emergence of a competitor in the Zambian beverage industry prompted great optimism. The bottler pledged to employ over 100 staff in the first year of operation while creating growth opportunities in the value chain that includes transportation, the sugar industry, fruit growers and other small enterprises.

The lender, a local subsidiary of a reputable international banking group, fronted the operation with a loan of $7 million. The bank purchased ATI insurance to hedge their risks against default on the scheduled loan repayments.

Once completed, the plant is expected to produce five million cases of soft drinks per year, supplying beverages to the local market as well as the entire Central African region.

Country:
Sector:
Telecommunications (ICT)
Insurance Type:
Comprehensive Non-payment Insurance
Risks Covered:
Payment delay; non-payment due to insolvency; currency transfer restriction; expropriation; embargo; and physical damage or business interruption caused by war and civil disturbance
Project:
Supply of digital microwave radio equipment to a mobile telephone operator
Maximum Sum Insured:
$1,479,000

A global manufacturer of telecommunication equipment secured an order to supply equipment to a mobile telephone operator on credit terms in Zambia. To protect the order against possible payment-related issues, the manufacturer obtained ATI’s comprehensive insurance cover.

The partnership with ATI and this manufacturer extends to insurance cover on similar deals in Malawi and Uganda. This is the fifth transaction between ATI and this client, underscoring the confidence they draw from ATI’s insurance to further their expansion in Zambia.

Country:
Sector:
Mining
Insurance Type:
Single Obligor Trade Credit Insurance
Risks Covered:
Suppliers default on Advance Payment
Project:
Supply of copper cathodes
Maximum Sum Insured:
$22.5 million

ATI supported a regional bank’s Trade Finance Facility for the purchase and sale of copper cathodes. Under the facility, the bank will pay the supplier the required advance payment on behalf of the buyer – a renowned multinational commodities trading company. ATI’s policy covers the buyer when the supplier fails to deliver the commodity and following that fails to reimburse the advance payment. The transaction facilitates trade between Africa and Europe and demonstrates a unique trade finance structure with ATI’s credit-enhancement.

Country:
Sector:
Telecommunications (ICT)
Insurance Type:
Lenders All Risks Policy - Single Obligor Trade Credit Insurance
Risks Covered:
Payment default by the borrower
Project:
Supply of ICT solutions
Maximum Sum Insured:
$425,000

A global engineering and technology consulting company won bids to supply a local telecommunications company and an international aid agency with mobile advertising and computer equipment. A major African bank set up a finance facility to help the company procure the equipment. With ATI’s insurance in place the Bank is protected against any payment defaults that may occur.