Mosaic Insurance, a specialist firm, has extended its political risk coverage to the US market and launched a new insurance product named Arbitration Award Default Insurance (AADI), offering a global coverage limit of $65 million.
AADI is designed to compensate parties in cases where sovereign states breach investment treaties or contractual obligations.
It provides coverage both before and after arbitration decisions, with a $65 million capacity per risk and a five-year term for policyholders, extendable on a case-by-case basis.
