This policy provides coverage for Spanish companies that invest overseas through::

• the creation of a foreign company
• the purchase of an existing foreign company
• or participation in the capital increase of the foreign company.

It covers political risks. 

Who is the insured party? 

The Insured Party is the Spanish investor.

It provides coverage for possible losses incurred through equity contribution or financing of a foreign subsidiary as a result of:

• Expropriation, nationalisation of the company's assets
• Political violence that destroys the assets of the foreign company or makes it impossible for it to operate.
• The lack of transferability or convertibility of the currency of the destination country. 
• Breach of investment agreements, concessions, etc., by the authorities of the investment destination country (including coverage for non-payment of an award/ruling in favour of the investor). 

These risks can also be covered on an individual basis.

Cesce sets the price according to the individual characteristics of each transaction. 

The price is determined by the following elements 

• The risk of the country receiving the investment (valuation of each risk to be covered), 
• The term of the insurance policy

Ask Cesce about the conditions and price of the insurance policy when you identify a possible sale and purchase transaction. 

You need to send an application, which will be examined and analysed. 

After receiving an application, Cesce analyses the risk associated with the requested coverage based on the information provided by the Insured Party. 

• The risk analysis focuses on the assessment of the political risks that are requested to be covered in the investment destination country. 
• Once the risk has been analysed, the Company submits a proposal to the decision-making body (State Risk Commission)
• If approved, Cesce will issue a proposal of terms and conditions. If the Insured Party accepts the proposal, the coverage will be formalised once the parties have signed the Insurance Policy and the Insured Party has paid the premium.

If you have any questions, please call +34 91 193 19 99 or send us your details, and we will contact you.