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Risk in Context Podcast: Shifting Political and Credit Risks

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.

Key Takeaways:

  • Three major themes are emerging in political and credit risk in 2021: country economic risks are growing, economic and social inequality is widening, and resource nationalism is on the rise.
  • Inequalities that have been exacerbated by the COVID-19 pandemic could contribute to domestic flashpoints and interstate conflicts.
  • Political risk and credit insurance solutions can enable multinational businesses to capitalise on opportunities globally.

About our Speakers

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 Kay is a managing director in Marsh Specialty’s Credit Specialties practice. His expertise includes political risk and structured credit products for banks, capital market investors, and corporates, including Basel II-compliant credit products.


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Stephen Kay

Administrateur délégué, Global Infrastructure BD, services spécialisés en crédit

  • United States

Julie Martin

Julie Martin

Administratrice déléguée, Groupe d’expertise en matière de crédit

  • United States