trade credit insurance News

Global Protectionism Risks Economic Growth: Zurich, Atlantic Council

A rise in global protectionism stemming from a backlash against free trade and globalization could have significant impact on economic growth, poverty levels and the potential for military conflict, according to a new report from the Atlantic Council and Zurich …

Demand Rises for Political Risk Cover as Buyers Think the Unthinkable

Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over the consequences …

Miller Taps Gallagher’s Maule as Senior Trade Credit & Political Risks Broker

Miller has hired David Maule in a business production and senior broking role, which the London-based broker said will add “considerable strength” to its trade credit and political risks capabilities. Maule will work with colleagues in the London, Paris and …

Trade Credit Insurers Paid UK Claims of $4.9M Each Week in 2016: ABI

Trade credit insurers paid claims to UK businesses in 2016, amounting to more than £4 million ($4.9 million) a week, or £210 million ($256.8 million), according to figures released by the Association of British Insurers (ABI). These claims due to …

Trade Credit Coverholder, Equinox Global, Names Jackson as Credit Analyst

Equinox Global, the Lloyd’s coverholder specializing in trade credit insurance, is pleased to announce the appointment of Simon Jackson as a credit analyst. Jackson is based in the London office and will work with the UK team. His appointment follows …

Western Insurers Slowly Re-Enter Deals with Iran – a Market Valued at $9B

Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international sanctions. Shut out of international …

Lloyd’s Insurer Chaucer Expects Underwriting Loss During Q2 2016

The impact of catastrophes, large loss activity and foreign exchange movements are expected to bring an underwriting loss for Chaucer in the second quarter, when it will report a combined ratio in the range of 103 to 105 percent, according …

SMEs Reap Benefits from Trade Credit Insurance as Economic Risks Rise: UK’s ABI

Nearly £36 million ($52.6 million) was paid in insurance claims to small businesses last year, due to customer insolvency or late payment, according to figures released by the Association of British Insurers (ABI). With the Bank of England recently cutting …

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 & …