Another term for political risks insured under export credit insurance.

A bond issued to a court of law to guarantee the performance of certain duties (accounting for income, preservation of property, etc.) by a principal.

Issued to the Court of Protection to guarantee the performance of a person responsible for the affairs of a mentally incapacitated person.

The insurance provided by the insurer for the insured or by the reinsurer for the reinsured.

A person authorised to accept or to issue insurance documents evidencing the acceptance of risks on behalf of Lloyd’s syndicates and other insurers. A coverholder has binding authority. Lloyd’s requires coverholders to comply with prescribed guidelines and undergo a monitoring and review process.