trade credit insurance News

Willis Towers Watson Upgrades Credit Risk Trading Platform

Willis Towers Watson, has launched a next generation version of Mercury, its credit risk placement platform which offers clients the ability to bind credit insurance policies themselves over an online portal. Originally developed in the 1990s, the concept was moved …

Marketform Committed to All Current Underwriting Lines After Strategic Review

Specialist Lloyd’s underwriter Marketform has confirmed its commitment to all its current underwriting lines after completing a strategic review. These remaining lines are: accident & health, travel; bloodstock & livestock; cargo; financial lines; marine & energy liability; marine hull & …

Allied World Offers Trade Credit & Political Risk Products in Canada

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 …

Russia Will Suffer Ukraine Economic, Political Fallout for Years: Euler Hermes

Russia will suffer the economic and political fallout of the Ukraine crisis for years to come, according to Euler Hermes Group, the world’s biggest trade credit insurer. Euler Hermes expects Russia’s economy to contract 5.5 percent this year and 4 percent …

Rep. Hensarling Blasts Export-Import Bank As ‘Special Privilege’

A Republican House committee chairman scolded Boeing Co. and a large U.S. trade group on Monday for lobbying to keep the Export-Import Bank alive, saying their efforts amounted to petitioning for “special privilege.” Rep. Jeb Hensarling wrote a scathing letter …

Markel Now Underwriting Trade Credit Insurance in U.S.

Markel Corp. is now underwriting trade credit insurance in its New York office. Policies will be underwritten on an admitted basis, utilizing two Markel insurance companies, Markel American Insurance Co. and Markel Insurance Co. Products may not be available in …

Cotter to Head New Allied World Office in Sydney, Australia

Allied World Assurance Company Holdings, AG announced the opening of a new branch office of Allied World Assurance Company, Ltd in Sydney, Australia “to further expand distribution networks in the Asia Pacific region.”   Allied World appointed William Cotter, Executive …

Insurers Pull Back on Trade Credit Coverage for Sears Suppliers

Insurance companies that provide protection to Sears Holdings Corp. suppliers have scaled back policies in recent months, people with knowledge of the matter said, following seven years of declining sales at the department-store chain. Insurers such as Coface SA and …

Brokers Missing Out on Big Opportunities in Trade Credit Insurance Market

Agents and brokers who are not selling trade credit insurance – also known as receivables insurance – are missing huge opportunities but also opening themselves up to errors and omission (E&O) exposures, according to trade credit insurance experts. Worldwide capacity …

Coface Introduces New Trade Credit Top-Up Cover

Coface, a global trade credit insurer, has introduced TopLiner, a new supplemental, non-cancelable top-up cover for existing customers. The product was designed for businesses taking a more active role in managing their credit risks. With TopLiner, Coface policyholders can view …