Trade credit
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.
Economy on "road to recovery"
Businesses are starting to enjoy a recovery in markets at home and overseas, according to delegates at the Coface - the country risk conference for the UK and Ireland.
Chartis, QBE and Dual back £1bn GWP private equity start up
The British Private Equity and Venture Capital Association has today launched BVCA Insurance Services to help members and their investee companies with their insurance needs.
Markel makes new appointments
Markel International has launched a new trade credit division following the appointment of Ewa Rose in January 2010.
Marsh in trade credit shake up
Marsh has created a trade credit practice for Europe, the Middle East and Africa, to be led by Tim Smith, who was previously head of the UK trade credit practice.
Markel builds trade credit team with hires
Markel International intends to build its trade credit division on an excess-of-loss insurance offering after three more senior underwriters joined the insurer from Ace Group.
Markel raids Ace to launch trade credit division
Property and casualty insurer has launched a new trade credit division, following the appointment of Ewa Rose in January 2010.
ABI reveals massive trade credit claims increase for 2009
The Association of British Insurers has revealed the cost of trade credit claims soared by 95% in 2009, while business prospects remain "highly uncertain".
ABI: trade credit claims up 95% in 2009
Latest figures from the Association of British Insurers show that trade credit insurance helped UK businesses by dealing with 22 791 claims in 2009.
Ace boosts trade credit team
Specialty insurer Ace Global Markets has made five appointments to its trade credit teams in London and New York.