|
| |
Export Risk Management, Inc. is one of the
top specialty brokers of credit, political risk, and ocean marine insurance in
the United States.
Clients are located nationwide, and range from small trading companies
to multi-national manufacturers and financial institutions. Virtually all
customer relationships are generated by referral from satisfied clients, bankers,
and government officials.
Representative transactions include:
 | A 60-country short-term commercial and
political
credit
risk policy for a vehicle manufacturer with $100,000,000
in export sales. In addition, we have negotiated medium-term policies and
made forfaiting arrangements on their behalf. |
|
Political
and commercial credit risk
coverage for a $17,000,000 construction project in Mexico. Designed to
dovetail with programs provided by a European government credit agency,
the policies covered pre-shipment risks, contract repudiation, credit
risks, government interference, and
wrongful calling of a performance bond. |
| Ocean Marine
Cargo
insurance for a metals
trading company at rates 30% below the competition. |
| A $10,000,000 Medium Term Bank-to-Bank facility with
a bank in Costa Rica, to finance imports of US products. |
| $1,500,000 in single sale
credit
risk
coverage for shipments to a start-up satellite telecommunications company
in Argentina. |
| Credit risk protection for a furniture
manufacturer that in three years grew from 5 countries and $2,500,000 in
exports, to 20 countries and $15,000,000 in export sales. |
| $3,000,000 in
political
risk coverage for
a trading company’s inventory in Russia. |
| Primary and Excess credit insurance for a marine
engine manufacturer. The primary underwriter was unwilling to provide the full
limits required, but we were able to negotiate higher coverage through a
specialty market. |
| Financing of $100,000,000 in outstanding
receivables for a trading company, using both
government and commercial
policies. ERM handled the insurance and arranged much of the
financing. |
| Customized, "private label" customer and
relationship officer
training
in export finance for a major money center bank, with over 25 seminars
nationwide per year. |
| Eximbank
credit
insurance and related
financing for a novelty items manufacturer shipping $2,000,000 annually to
Latin America. |
|
Medium Term (5 years) financing for a
$5,000,000 safety equipment upgrade to a Caribbean oil refinery. |
|
Protection
against US and host government
interference with a $450,000 telecommunications project in
Bosnia. |
| Customized finance
training
for international sales and marketing staff of a multi-national company in
Tokyo, Istanbul, and Tampa. |
| 100% financing for a Caribbean Government purchase
of capital equipment. We placed 85% of the $8,000,000 sale with the
Export-Import Bank, with repayment over 5 years at Libor plus 0.75%. The
remaining $1,200,000 was covered by a commercial insurance policy, repayable
over 3 years at Libor plus 2%. ERM negotiated the insurance
placements and arranged the financing with a commercial bank. |
To discuss your needs with a member of ERM's staff,
call (860) 435-0430 and ask for Carey D. Fiertz, President, or send him an email
at cfiertz@exportrisk.com
We welcome the opportunity to be of service. |
