Allied World Assurance Company Holdings AG announced its suite of trade credit & political risk insurance products are available in Canada, as part of the Global Crisis Management Division.
This coverage helps clients mitigate the risk of non-payment due to customer insolvency, protracted default and/or international political risk, said Allied World, which is based in Zug, Switzerland.
The product helps provide certainty around a company’s balance sheet by protecting accounts receivable against customer default, the company explained.
Todd Germano, executive vice president, head of the Global Crisis Management Division, commented, “We’re pleased to bring this important coverage to the Canadian market. Our specialized approach allows us to craft solutions on a structured or short-term basis, tailoring coverage to meet client needs.”
Kent Paisley, senior vice president, Global Crisis Management Division, commented, “As global economies become more complex and interconnected, it’s prudent for companies to protect their balance sheets from the risk of non-payment and other critical financial risks.”
Paisley, an industry veteran with over 25 years of trade credit insurance experience, leads this product group and will be located in Allied World’s Toronto offices.
Source: Allied World Assurance Company Holdings