Credit and political risk analysis company Anvil One has paired up with insurance supplier AXA London. The agreement will see the two underwrite credit and contract frustration risks for trade and political risks.

“Anvil will be able to underwrite contract frustration and political risk policies up to seven years and credit risk policies up to five years,” says managing director of Anvil, Navaid Farooq.

The agreement will allow Anvil to provide policy limits up to US$25mn for contract frustration and political risk policies and US$15mn for credit policies.

Commenting on the partnership, group head of specialties at AXA Global, Maxime Ambourg, says: “Our partnership with Anvil is in line with our ambition to expand our scope of specialty lines.”