Frontier markets are too often distorted by creaking infrastructure, patchy information, skills shortages, anachronistic laws and regulations, corruption and rent-seeking, political upheaval, and government interference. This makes it difficult to raise finance or run a business where the potential rewards are the greatest. DeRisk works to overcome these difficulties with investment insurance.
DeRisk is an insurance advisor to investors in Africa and other fast-growing markets. We focus on using political risk insurance to help projects and businesses attract and qualify for international bank finance and private equity investment. Because getting the required insurance coverage can be difficult, DeRisk seeks to make it easier. DeRisk helps figure out what is insurable, identify the appropriate insurer and policy, and manage the application and underwriting process – from pricing to contract signature.
DeRisk is an authorized agent of the Multilateral Investment Guarantee Agency (MIGA), the World Bank Group’s political risk insurance and credit enhancement division. DeRisk has completed over 15 insurance transactions with MIGA, OPIC and others since 2006.
Contact us to see how we can help.
On October 10th, DeRisk clients Aldwych International Ltd, Amaya Capital and co-sponsors, welcomed Nigerian President Goodluck Jonathan, to the groundbreaking of its 450 MW gas-fired power plant in Benin, Edo State, Nigeria. Aldwych's press release can be found here. The ceremony marked the beginning of construction work at the project, which is on track to achieve full financial close by the end of 2014.
Click here to read DeRisk's 2014 Summer newsletter
DeRisk has been selected by Bloomberg New Energy Finance as a 'champion' for its new Finance for Resilience ('FiRe') program. FiRe aims to identify the best potential climate, clean energy, green growth or sustainability financing solutions and help them get to scale.
Click here to read DeRisk's 2013 Autumn newsletter
DeRisk client, EcoPlanet Bamboo Group, was featured by MIGA on its website. The article and video highlight the impact the bamboo business is having in Nicaragua, and the importance of MIGA insurance in facilitating its USD 27m investment.
Click here to read DeRisk's 2013 Spring newsletter
Azura West Africa, a leading power development company in Nigeria, has named DeRisk as an advisor to the project (see here). Along with Standard Chartered, KPMG and others, DeRisk is advising Azura on securing MIGA coverage for the Azura-Edo IPP, a 450MW Open Cycle Gas Turbine power station, which is the first phase of a 1,000MW power plant facility near Benin City, in Edo State, Nigeria. Lead sponsor Amaya Capital is developing this project with Aldwych International, African Infrastructure Investment Managers and ARM Investment Management, three pre-eminent Pan-African infrastructure firms with significant experience in the power industry.
Click here for to read DeRisk's 2012 Autumn newsletter
Click here for to read DeRisk's 2011/12 Winter newsletter
D+C Development and Cooperation, a journal funded by Germany’s Federal Ministry for Economic Cooperation and Development, featured an article about the role of insurance in facilitating investment in frontier markets, written by Andrew Gaines, DeRisk managing director.
Andrew Gaines, DeRisk managing director, moderated a panel discussion at the Private
Equity International Africa forum - a London meeting of private equity
investors and managers focused on Africa. Andrew led the panel of private equity general partners in a discussion of the challenges and opportunities of investing 'growth capital' in small and medium businesses in Africa.
Click here to read DeRisk's 2011 Spring newsletter
Click here to read DeRisk's 2011 Winter newsletter
The World Bank Group's political risk insurance agency, MIGA, has expanded the pool of investments that it can cover to include existing investment and debt-only investment. Contact DeRisk for more details.