Atradius
Energy price cap a lifeline for businesses but more details needed
With some businesses still recovering from Covid-19 pandemic, and now facing a new hit in the form of an energy price hike, the number of viable businesses taking out insurance could fall, but energy cap announced by Prime Minister Liz Truss could be a lifeline to some of the more vulnerable.
Government-backed trade credit reinsurance scheme to end on 30 June
The UK trade credit reinsurance scheme will close on 30 June, the government and the Association of British Insurers have announced.
Credit insurers warn of insolvency surge later this year as government extends trade credit scheme
The UK government-backed trade credit reinsurance scheme to guarantee up to £10bn of business-to-business transactions has been extended to run for the first half of 2021.
Blog: In tumultuous times partnership offers a useful steer
While the end of 2020 is almost in sight, the outlook is still littered with obstacles, writes Atradius head of SME business Tanya Giles.
Government interventions to spare credit insurers the worst of pandemic losses
Credit insurers face pandemic-related claims continuing well into 2021 but will avoid losses on a similar scale to those seen after the 2008 global financial crisis thanks to government interventions, according to Fitch Ratings.
Atradius appoints Stuart Ramsden as UK and Ireland regional director
Credit insurance provider Atradius has promoted Stuart Ramsden to regional director of UK and Ireland succeeding Alun Sweeney who is set to retire.
Government's £10bn trade credit support package gets cross-industry welcome
Trade credit insurers operating in the UK market will receive up to £10bn of government guarantees, ministers announced today.
Trade credit insurers in cover limits and pricing re-think
Trade credit insurers are looking at pricing and cover limits as the coronavirus crisis continues to unfold, Post understands, as they warn virtually no sector will be left unaffected by the pandemic.
This week: Easter egg-citement
As we head towards a welcome four-day weekend, the insurance world has been getting in the spirit for Easter in the only natural way: smashing chocolate eggs.
Trade credit claims mount as UK tops global insolvency forecasts
Trade credit insurer Atradius has forecast that global insolvencies are set to rise for the first time in 10 years, with the UK facing the highest increase of all advanced markets.
Atradius' Stuart Ramsden on Brexit insolvencies - and credit insurance becoming a business essential
Brexit and other uncertainties have increased business insolvencies and demand for trade credit insurance, writes Stuart Ramsden, head of commercial for UK & Ireland at Atradius.
Debenhams confirms credit insurers have reduced cover
Debenhams has said it retains a ‘constructive relationship’ with its credit insurers as the ailing retailer has its cover reduced.
Analysis: Covering collapses - Trade credit claims are rising
Last year, trade credit insurance payouts hit their highest level in nearly a decade, with claims costs running at the equivalent of £4.3m every week.
Blog: Trade credit insurers mustn't waste the Brexit opportunity
Trade credit insurers can prove their worth by helping their customers mitigate the risks associated with Brexit, writes Richard Reynolds, regional manager at Atradius.
Markel appoints trade credit underwriter in Asia
Specialist insurer Markel International has recruited in Singapore from trade credit insurer Atradius.
Atradius appoints Geller to head London underwriting team
Gary Geller has been appointed as the London underwriting team head for global trade credit insurer Atradius' special products unit.
Liberty Specialty Markets appoints Alexandra Paton as head of Continental Europe
Liberty Specialty Markets has appointed Alexandra Paton as head of Continental Europe for global financial risks.
Trade credit claim rise 'no need for concern' experts say
The sharp rise in claims paid to businesses due to non-payment is “no need for concern”, experts have claimed.
Credit insurers look to capitalise on Brexit fallout
Any hint of an economic downturn inevitably results in forecasts that demand for trade credit insurance will soar. So, predictably, Brexit has sent the PR machines of the major credit insurers into overdrive.