Sovereign Risk Insurance

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    Sovereign Risk signs agreement with Asian Development Bank

    Sovereign Risk Insurance Ltd. has signed what it is proclaiming as "a landmark political risk insurance agreement" with the Asian Development Bank for a project in Vietnam.Sovereign is supporting ADB's Political Risk Guarantee that covers a commercial financing tranche for the Phu My 2.2 gas-fired power project, stated a press release dated December 17, 2002.

    Sovereign Risk writes policy in Costa Rica

    Sovereign Risk Insurance Ltd. has completed a political risk insurance policy for a capital markets transaction in Costa Rica. The policy was issued in support of a $49.7 million securitization of residential mortgage backed bonds, the first such securitization in