Government-backed trade credit reinsurance scheme to end on 30 June

Houses of Parliament

The UK trade credit reinsurance scheme will close on 30 June, the government and the Association of British Insurers have announced.

The scheme, designed as a temporary solution to companies struggling to get insurance cover for transactions because of the pandemic was launched in June last year with the cover back dated to April

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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