Project: Residential housing

In Kenya, there is a housing demand of 150,000 units per year. In an effort to produce more housing, the government agency charged with housing development set a target of 30,000 houses to be constructed by 2013.

As one of the projects in this scheme, 105 residential apartments in a Nairobi suburb, was awarded to a contractor with an international financial backer. The lender purchased ATI’s Political Risk Insurance to alleviate potential risks that may impact on the project, which is targeted for completion in 2010.

Maximum Sum Insured: $6.6 million