Credit insurance
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.
Euler Hermes backs government ECGD products
Credit insurer Euler Hermes has cautiously welcomed the government’s plans to launch a series of new ECGD products.
CIFS adds capacity providers
Lloyd’s credit insurer Credit Indemnity & Financial Services has added Sagicor, Catlin and Omega to its current capacity providers.
Guy Carpenter notes improvements in credit insurance market
The global markets for credit insurance and surety bonds are showing positive developments, although challenges still persist, according to Guy Carpenter & Company.
Europe View from the Top: Affinity opportunities
Affinity business in Europe is a relatively untapped market. Despite the economic crisis reducing employment and travel, the long-term trends are very positive. With demand driven by an expanding middle class, increasing healthcare costs and low…
MIB seeks clarification over credit repair
The Motor Insurers' Bureau has written to a number of its members to clarify the increasingly thorny issue of who should pick up the bill for credit repair, when an insurer discovers the other driver is uninsured.
Chartis to fill short-term lending gap for trade credit clients
Chartis is to begin lending up to £10m to its trade credit insurance claimants to compensate for a lack of short-term loans from traditional banking channels.
APC boosts Irish operation
APC has boosted its claims team to support its recent expansion into the Republic of Ireland market.
Exeter Friendly joins Protect
Income protection specialists Exeter Friendly Society has joined credit insurance trade body Protect under the umbrella of its Pioneer brand.
Ambac increase in income but may file for bankruptcy
US credit insurer's results aided by $443.9m tax refund allowing the credit insurer to carry back 2008 and 2009 operating losses as far back as 2003
Novae profit declines
Pre-tax profits for 2009 at the (re)insurance group fell £9.6m due to first half losses but gross written premiums rose 10%
Allianz GI arm reports a drop in 28% drop in operating profit
The two biggest drivers were a decline of 0.6bn euros in operating investment income and an underwriting result which was down 0.7 bn euros.
Protect unveils new constitution
Trade association Protect has ratified a change in its constitution widening its full membership beyond credit insurance underwriters for the first time.
Swiss Re says no 'significant' exposures to Dubai crisis
Swiss reinsurance giant says not badly exposed to collapse of Dubai World.
GI holds firm across Europe according to new figures
CEA also claims the number of insurer rose across the continent for the first time in a decade.
