Credit insurance
Euler Hermes and Mapfre enter credit joint venture
Allianz-owned credit insurer Euler Hermes and Spanish insurer Mapfre have agreed a 50/50 joint venture to develop their credit insurance business in Spain and four Latin American countries.
Euler Hermes ties up with Mapfre for Spain and Latin America push
Spanish insurer Mapfre and Allianz-owned credit insurer Euler Hermes have signed a 50/50 joint venture to develop their credit insurance business in Spain and four Latin American countries.
Coface recruits former Euler Hermes credit underwriter
Coface UK & Ireland has appointed former Euler Hermes underwiter Dara Hanley as senior underwriter based in Dublin.
Fitch affirms Coface's 'AA-' IFS rating
Credit insurer Coface's major group insurance entities have had their 'AA-' IFS rating and 'A+' IDR ratings affirmed by Fitch.
Payment defaults increasing across European firms
The level of payment defaults is improving in Japan and the US, but eurozone risk is on the rise, according to credit insurer Coface.
Credit card-linked insurance and assistance market worth €4bn in Europe
The market for packaging and cross-selling insurance and assistance policies linked to payment cards and bank accounts is lively and competitive in most European countries, according to research by consultancy firm Finacord.
Vietnam ministry to pay 20% of export credit premiums
Vietnam's Finance Ministry has offered to pay 20% of insurance premiums for export credit orders if enterprises buy export credit insurance.
QBE appoints Bocca as UK trade credit manager
Business specialist QBE has appointed Ian Bocca to join QBE Trade Credit as manager, new business development UK, effective from 1 May.
Dissatisfaction could affect credit insurers' ability to recover in future
European credit insurers would be less able to rebound in a future crisis than they were in 2008/2009, according to Moody's latest insurance industry outlook.
Experian reports fall in insolvencies
Credit watcher Experian has said that the rate of insolvencies fell from 0.11% in December 2012 to 0.07% in January this year – the same rate as in January 2011.
European Council introduces rule to limit short selling in crisis situations
The European Council has adopted a regulation designed to restrict short selling and certain aspects of credit default swaps in situations where there is a threat to financial stability.
Economic uncertainty to impact European construction in 2012
The health of the European construction sector will depend on austerity plans in 2012, according to credit insurer Coface.
XL expands political risk and trade credit team
XL Group is expanding its global political risk and trade credit team with four new appointments based in London.
Cost of Eurozone split is strong incentive to stay together
The disintegration of the Eurozone would be highly damaging both for countries that left and countries that remained in the union, according to an Altradius report.
Reynolds’ new recruit marks start of southern expansion plans
Credit insurance broker Reynolds has recruited Andrew Carnie, pictured, to its trade credit team in a move hoped to boost the firm’s presence in the south.
Atradius nominates Tesch as chief market officer
Credit insurer Atradius has nominated Andreas Tesch, chief market officer, pending approval of De Nederlandsche Bank.
Insolvencies drop among big firms
Credit data provider Experian says the rate of insolvencies dropped to 0.08% in August, its lowest point since February, but up on last August’s 0.07%.
Strong European performance helps Coface H1 results
Credit insurer Coface group has reported robust results for the first half of 2011, which the firm said confirms its financial recovery, and vindicates the decision to refocus its credit insurance in March this year.
French insurer CNP Assurance sees revenue contract
French personal lines insurer CNP Assurances announced contracted revenue but stable income for its first half results due to good operating profitability.
SMEs set to benefit from Coface policy by leading economic revival
SMEs will be given the opportunity to protect themselves against bad debt after Coface announced plans to enhance its Premier Trader credit insurance policy.
Assurant Solutions names European boss
Assurant Solutions has named Mike Balsley as president and chief executive for its European business unit.
Assurant Solutions names European boss
Assurant Solutions has named Mike Balsley as president and chief executive for its European business unit.
Exclusive credit insurance and environmental content now available on Post Europe
Post Europe’s weekly update is now live with an article on how the financial crisis is affecting the credit insurance market and a View from The Top on how environmental insurance is helping sustainability.
Post Europe: Dealing with credit insurance during the crisis
The financial crisis has lead to some European firms considering credit insurance as a short-term option, but as Marcos Polónia explains it could really be a long-term solution.