Trade credit
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.
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.
Exclusive trade credit content now available on Post Europe
Post Europe’s weekly update is now live with a look at the trade credit sector across Europe and a View from the Top that believes opportunities are very much alive in the European affinity markets.
Post Europe: EMEA trade credit market
The impact of the financial downturn across Europe is clear to see but even in this uncertain time trade credit has remained buoyant and the future for this market is looking rosy according to Tim Smith.
Coface returns to positive growth
Coface has reported a return to positive growth in turnover over nine months at +1.9% at current structure, and at +0.6% at constant structure and exchange rates.
Markel adds to trade credit team
Markel International has expanded its trade credit division with three appointments.
MGA goes live using Sequel software
New trade credit insurance specialist Equinox Global has gone live on using insurance software provided by Sequel.
Besso's Gladstone launch is timed for new wave
Intermediary Besso has revealed it timed the launch of its managing general agent to coincide with a new wave of MGAs in the London market.
Equinox reveals plans to go global
Start-up trade credit managing general agent Equinox Global has outlined plans to move into Europe, Asia and the US, following its official launch this week.
Former Atradius staff launch trade credit MGA
Lloyd’s, Aspen and Liberty Mutual have joined the panel of a new managing general agent to enter the trade credit insurance market.
Beazley adds to political risks team
Beazley has appointed Lila Rymer to its political risks team.
Post Europe: European rates review
Insurers’ appetite to diversify into new product lines and geographical areas is bringing heightened levels of competition to lines across Europe. In the short term this is of benefit to insurance buyers but Edward Murray asks what the long term impact…
Editor's comment: Chartis an unlikely saviour
With businesses warned only last week against complacency following another high-profile failure in the UK — this time social housing giant Connaught — news of being able to secure up to £10m in short-term loans from trade credit insurer Chartis will…
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.
Atradius: Economy not out the woods
Trade credit insurer Atradius warns businesses not to be complacent in the wake of another high profile insolvency hitting the UK.
Trade credit rates fall as capacity grows
New insurance capacity, increased insurer competition and improved risk management have led to positive developments for buyers of trade credit insurance across most of Europe, according to Marsh.
Novae expands reinsurance operation
Switzerland-based Novae Re is to add credit & surety reinsurance to its underwriting capabilities.
Coface returns to profit in H1 2010
The credit insurer has recorded an operating profit of €55m compared to -€47m in the second half of 2009 and -€202m in the first half of 2009.
Coface returns to profit in H1 2010
The credit insurer has recorded an operating profit of €55m compared to -€47m in the second half of 2009 and -€202m in the first half of 2009.
Tawa takes over Island Capital
Tawa has entered a share purchase agreement to acquire 94.3% of the issued shares of Island Capital, and its wholly-owned UK subsidiary, Island Capital (Europe).
Travel insurers escape Goldtrail claims
Travel insurers are likely to escape a surge in claims following the collapse of holiday company Goldtrail, with the UK Civil Aviation Authority set to pick up the bill.
Ariel Re admitted as reinsurer in Brazil
The (re)insurer has also opened a representative office in Rio de Janeiro after its approval as an admitted reinsurer by regulator SUSEP
Liberty expands French operation
Liberty International Underwriters in Europe has established an underwriting presence in France for trade credit and political risk business with the appointment of Alexandre Egnell as assistant vice president, trade credit and political risk.