Provided by Guaranty Group

Non Payment Insurance

Loss Coverage on financings backed by assets or other obligations.

Overview

Changing regulatory environmental conditions, together with varying risk tolerance, can cause lenders to adjust their business relationships with important borrowing clients. Tokio Marine HCC provides various types of structured loss protection to secured lenders and asset managers to enhance their ability to service clients' needs or meet investment objectives.

Best for

  • Banks
  • Broker-Dealers
  • Asset Managers (regulated, private and hedge funds)
  • Insurance Companies
  • Pensions and Endowments

Summary of coverage

Credit protection to lenders or investors on secured financings collateralized by assets or other obligations. The credit protection may be pari-passu with the insured, or in a first-loss or excess layer. Acceptable markets are generally those with stable and predictable legal regimes. Underlying collateral types, insured motivations and risk and notional tolerances are considered on a transaction-by-transaction basis. Insureds should expect to have meaningful alignment of interest with Tokio Marine HCC.

Example:

  • Tokio Marine HCC provides a bank credit protection on a loan provided to a private equity fund which is secured by the net asset value of the private equity fund. The insurance pays a loss upon the Borrower failing to make payments on the loan, which leads to an event of default and insufficient proceeds from asset sales to repay the loan.

Get in touch
Robert Lewin
Robert Lewin

Managing Director

Contact photo
Peter Brande

Structured Credit Underwriter

Your team

Directory
Head office

600 Lexington Avenue, 22nd Floor
New York, NY 10022

(212) 751-8383
Robert Lewin
Robert Lewin

Managing Director

Contact photo
Peter Brande

Structured Credit Underwriter

Not all products, coverages, or features may be available in all states. Restrictions, exclusions, limitations, and conditions apply and you should see your agent for more information. Certain products and services are provided through non-admitted insurance carriers and are not subject to certain State Guaranty Funds.