Country economic risk is growing across all regions, driven by increases in deficit spending, adding to sovereign and commercial credit risks in less developed economies.
This episode of Marsh’s Risk in Context podcast features Julie Martin and Stephen Kay, managing directors in Marsh Specialty’s Credit Specialties Practice, who look at highlights from Marsh’s Political Risk Map 2021.
Julie Martin is a managing director in Marsh Specialty’s Credit Specialties practice. She has worked extensively with both public and private political risk underwriters to develop manuscript policy wording to address complex risks and exposures
Stephen is Managing Director at Marsh Credit Specialties based in New York and Montreal, working on strategic clients. He is a 16-year veteran of Marsh following a career in credit and political risk underwriting and banking at AIG, Citibank, Royal Bank of Canada and EDC. Prior to his current role, Steve was global Head of Infrastructure Business Development at Marsh and formerly led Marsh’s US Credit Specialties team focusing on non-payment insurance for development banks, multilateral clients and commercial banks, and on political risk insurance (PRI) for lenders and corporate clients. Stephen recently co-authored Marsh’s white paper co-published with S&P Global entitled “A new perspective on the cost and benefits of political risk insurance”, which takes an innovative look at Political Risk Insurance through a quantitative lens, using a capital budgeting framework.
Podcast,Featured insight
03/10/2026
Report,Featured insight
02/25/2026
