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This list represents a selection of ATI projects

Country:
Sector:
Construction
Insurance Type:
Political Risk Insurance for Loans
Project:
Housing
Maximum Sum Insured:
$600,000

This project provides much needed housing following the recent armed conflicts. The project sponsor completed construction of 24 apartments, 14 shops and related infrastructure in Gombe. Using ATI insurance cover, the project will support the construction of a second phase of housing. As part of the DRC's reconstruction efforts, this project contributes to the government's short-term priorities under the National Housing Plan of action, which includes reconstructing destroyed infrastructure, resettling displaced people and rehabilitating poor urban settlements.

To meet its housing reconstruction targets, the government appealed to the international community. ATI responded with Political Risk Insurance covering 100% of the project cost, helping to alleviate the housing shortage in the DRC. 

Country:
Sector:
Mining
Insurance Type:
Political Risk Insurance for Equity
Project:
Copper Mining
Maximum Sum Insured:
$83.9 million

The DRC's copper belt has the potential to generate significant tax and foreign exchange earnings, provide jobs and help to improve basic infrastructure. The DRC, in a move to rebuild its economy, solicited the help of global partners to develop its vast mineral resources. This $500 million project, located in the copper belt of central Africa, is potentially the world's largest and lowest cost cobalt producer generating 30,000tpa of copper and 5,500tpa of cobalt.

With ATI insurance cover for the full equity, South Africa's Industrial Development Corporation was able to contribute to the project and help the DRC generate much needed jobs and income.

In addition to building a medical clinic, housing and health education programmes, the project will employ upwards of 750 people once completed.

Country:
Sector:
Telecommunications (ICT)
Insurance Type:
Non-payment by Private Buyer
Project:
Telecommunications
Maximum Sum Insured:
$5.5 million
In 2002, the telecommunications industry in the DRC was the least developed in the region with 10,000 fixed lines and 1 million cellular phones for a population of close to 60 million. By 2003, cellular phones were the primary means of telecommunication. They became a life line to many, particularly those living in rural communities.

Since 2003, the market has expanded rapidly with an influx of companies vying for market share. The local subsidiary of a leading cellular network provider in Africa found themselves in this predicament. The company wanted to maintain and grow market share in the DRC by expanding their network. To achieve this, they needed help to design, supply, construct and install cellular base station sites across the country.

An Israel based international Group and a long term partner of theirs, who provide telecom services to giants like Nokia, Siemens, Ericsson and Samsung, responded.  To cement the partnership, ATI issued its first Single Obligor Credit Risk policy to cover the contract in the event of payment default.

Country:
Sector:
Mining
Insurance Type:
Political Risk Insurance for Equity
Project:
Mining
Maximum Sum Insured:
$125,000

This project shows how even a small venture can have direct and positive impacts on a countrys socio-economic welfare. The project supports FDI flows into the DRC and in doing so paves the way for additional investments. Armed with a three-year ATI Political Risk Insurance policy covering the full project investment, a UK-based company was comfortable investing in a precious minerals trading business in the country.

Country:
Sector:
Construction
Insurance Type:
Political Risk Insurance
Risks Covered:
Transfer restriction; expropriation; war, civil disturbance or civil commotion; and embargo
Project:
Housing
Maximum Sum Insured:
$1.8 million

An African-based housing construction company required insurance to cover an investment from a European financial institution. This project supported by the Ministry of Urban Development and Housing, increases the housing capacity in Kinshasa with a three block housing complex that will service dozens of families.

Country:
Sector:
Mining
Insurance Type:
Political Risk Insurance
Risks Covered:
Expropriation; transfer restriction and inconvertibility and war, civil disturbance or civil commotion
Project:
Copper Mining
Maximum Sum Insured:
$40.3 million

The DRC’s copper belt has the potential to generate significant tax and foreign exchange earnings, provide jobs and help to improve basic infrastructure.

The DRC, in a move to rebuild its economy, solicited the help of global partners to develop its vast mineral resources. This $593 million project, located in the copper belt of Central Africa, is potentially one of the largest and lowest cost cobalt producer generating 35,000tpa of copper and 7,000tpa of cobalt.

Country:
Sector:
Mining
Insurance Type:
Political Risk Insurance
Risks Covered:
Expropriation; damage or business interruption caused by war; civil disturbance or political violence; embargo; currency inconvertibility and transfer restriction; export license cancellation; forced abandonment; selective discrimination; and mining agree
Project:
Development of a copper mine
Maximum Sum Insured:
$160 million

When an international investor in a copper mine obtained financing for the second phase of project development, its financiers sought ATI’s political risk insurance to protect their loans against non-payment arising from any government-related actions or inactions. The decision was based in part on the strength of ATI’s relationship with the DRC government, which is also a shareholder in ATI. A syndicate of international insurers participated in the program with ATI, their main source of comfort being the preferred creditor status that ATI enjoys vis-à-vis its member states such as the DRC.

After undergoing the normal underwriting due diligence, which includes environmental clearance by an independent consultant, the project was approved, making it the largest single transaction in ATI’s history. The total investment of the project, estimated at over $400 million, is expected to create employment and improve the economic status of an entire region.

Country:
Sector:
Mining
Insurance Type:
Comprehensive Non-payment Insurance (Commercial and Political Risks)
Risks Covered:
Non-payment by a private buyer
Project:
Supply of fuel to a copper mine
Maximum Sum Insured:
$7 million

A South African based fuel importer faced a challenging situation. Rising fuel prices combined with its client’s need to ramp up production meant they required greater capacity to fill the order. They sought help from a premier African bank, which set up a financing facility. ATI then stepped in with a $4 million policy that protects the bank against non-payment by the fuel importer.

Country:
Sector:
Agriculture
Insurance Type:
Political Risk Insurance
Risks Covered:
Equity insurance, Expropriation, Selective discrimination, Fixed divesture
Project:
Production of biomass wood products
Maximum Sum Insured:
$66 million

The use of charcoal, especially in Africa, has raised concern among environmentalists and those responsible for forest development. In 2000, nearly 470 million tons of wood was consumed in homes in sub-Saharan Africa in the form of charcoal, more wood per capita than any other region in the world. With ATI’s support, a European firm will harvest an environmentally friendly fuel substitute, hevea, which will be processed into briquettes, pellets or chips, and used as a substitute for charcoal. The company also plans to replant bamboo in order to increase forest cover – a move that will assist the DRC government with its clean development policy.

Country:
Sector:
Construction
Insurance Type:
Political Risk Insurance for Loans
Project:
Housing
Maximum Sum Insured:
$600,000

This project provides much needed housing following the recent armed conflicts. The project sponsor completed construction of 24 apartments, 14 shops and related infrastructure in Gombe. Using ATI insurance cover, the project will support the construction of a second phase of housing. As part of the DRC's reconstruction efforts, this project contributes to the government's short-term priorities under the National Housing Plan of action, which includes reconstructing destroyed infrastructure, resettling displaced people and rehabilitating poor urban settlements.

To meet its housing reconstruction targets, the government appealed to the international community. ATI responded with Political Risk Insurance covering 100% of the project cost, helping to alleviate the housing shortage in the DRC. 

Country:
Sector:
Mining
Insurance Type:
Political Risk Insurance for Equity
Project:
Copper Mining
Maximum Sum Insured:
$83.9 million

The DRC's copper belt has the potential to generate significant tax and foreign exchange earnings, provide jobs and help to improve basic infrastructure. The DRC, in a move to rebuild its economy, solicited the help of global partners to develop its vast mineral resources. This $500 million project, located in the copper belt of central Africa, is potentially the world's largest and lowest cost cobalt producer generating 30,000tpa of copper and 5,500tpa of cobalt.

With ATI insurance cover for the full equity, South Africa's Industrial Development Corporation was able to contribute to the project and help the DRC generate much needed jobs and income.

In addition to building a medical clinic, housing and health education programmes, the project will employ upwards of 750 people once completed.

Country:
Sector:
Telecommunications (ICT)
Insurance Type:
Non-payment by Private Buyer
Project:
Telecommunications
Maximum Sum Insured:
$5.5 million
In 2002, the telecommunications industry in the DRC was the least developed in the region with 10,000 fixed lines and 1 million cellular phones for a population of close to 60 million. By 2003, cellular phones were the primary means of telecommunication. They became a life line to many, particularly those living in rural communities.

Since 2003, the market has expanded rapidly with an influx of companies vying for market share. The local subsidiary of a leading cellular network provider in Africa found themselves in this predicament. The company wanted to maintain and grow market share in the DRC by expanding their network. To achieve this, they needed help to design, supply, construct and install cellular base station sites across the country.

An Israel based international Group and a long term partner of theirs, who provide telecom services to giants like Nokia, Siemens, Ericsson and Samsung, responded.  To cement the partnership, ATI issued its first Single Obligor Credit Risk policy to cover the contract in the event of payment default.

Country:
Sector:
Mining
Insurance Type:
Political Risk Insurance for Equity
Project:
Mining
Maximum Sum Insured:
$125,000

This project shows how even a small venture can have direct and positive impacts on a countrys socio-economic welfare. The project supports FDI flows into the DRC and in doing so paves the way for additional investments. Armed with a three-year ATI Political Risk Insurance policy covering the full project investment, a UK-based company was comfortable investing in a precious minerals trading business in the country.

Country:
Sector:
Construction
Insurance Type:
Political Risk Insurance
Risks Covered:
Transfer restriction; expropriation; war, civil disturbance or civil commotion; and embargo
Project:
Housing
Maximum Sum Insured:
$1.8 million

An African-based housing construction company required insurance to cover an investment from a European financial institution. This project supported by the Ministry of Urban Development and Housing, increases the housing capacity in Kinshasa with a three block housing complex that will service dozens of families.

Country:
Sector:
Mining
Insurance Type:
Political Risk Insurance
Risks Covered:
Expropriation; transfer restriction and inconvertibility and war, civil disturbance or civil commotion
Project:
Copper Mining
Maximum Sum Insured:
$40.3 million

The DRC’s copper belt has the potential to generate significant tax and foreign exchange earnings, provide jobs and help to improve basic infrastructure.

The DRC, in a move to rebuild its economy, solicited the help of global partners to develop its vast mineral resources. This $593 million project, located in the copper belt of Central Africa, is potentially one of the largest and lowest cost cobalt producer generating 35,000tpa of copper and 7,000tpa of cobalt.

Country:
Sector:
Mining
Insurance Type:
Political Risk Insurance
Risks Covered:
Expropriation; damage or business interruption caused by war; civil disturbance or political violence; embargo; currency inconvertibility and transfer restriction; export license cancellation; forced abandonment; selective discrimination; and mining agree
Project:
Development of a copper mine
Maximum Sum Insured:
$160 million

When an international investor in a copper mine obtained financing for the second phase of project development, its financiers sought ATI’s political risk insurance to protect their loans against non-payment arising from any government-related actions or inactions. The decision was based in part on the strength of ATI’s relationship with the DRC government, which is also a shareholder in ATI. A syndicate of international insurers participated in the program with ATI, their main source of comfort being the preferred creditor status that ATI enjoys vis-à-vis its member states such as the DRC.

After undergoing the normal underwriting due diligence, which includes environmental clearance by an independent consultant, the project was approved, making it the largest single transaction in ATI’s history. The total investment of the project, estimated at over $400 million, is expected to create employment and improve the economic status of an entire region.

Country:
Sector:
Mining
Insurance Type:
Comprehensive Non-payment Insurance (Commercial and Political Risks)
Risks Covered:
Non-payment by a private buyer
Project:
Supply of fuel to a copper mine
Maximum Sum Insured:
$7 million

A South African based fuel importer faced a challenging situation. Rising fuel prices combined with its client’s need to ramp up production meant they required greater capacity to fill the order. They sought help from a premier African bank, which set up a financing facility. ATI then stepped in with a $4 million policy that protects the bank against non-payment by the fuel importer.

Country:
Sector:
Agriculture
Insurance Type:
Political Risk Insurance
Risks Covered:
Equity insurance, Expropriation, Selective discrimination, Fixed divesture
Project:
Production of biomass wood products
Maximum Sum Insured:
$66 million

The use of charcoal, especially in Africa, has raised concern among environmentalists and those responsible for forest development. In 2000, nearly 470 million tons of wood was consumed in homes in sub-Saharan Africa in the form of charcoal, more wood per capita than any other region in the world. With ATI’s support, a European firm will harvest an environmentally friendly fuel substitute, hevea, which will be processed into briquettes, pellets or chips, and used as a substitute for charcoal. The company also plans to replant bamboo in order to increase forest cover – a move that will assist the DRC government with its clean development policy.