trade credit 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 …

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 …

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 …

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 …

Hyperion Unit, RKH Specialty, Acquires UK Surety Broker, PMG

Specialty lines broker, RKH Specialty, part of the Hyperion Insurance Group, has acquired the UK’s largest independent specialist Surety broker, PMG Financial Services Ltd., subject to regulatory approval. Barnaby Rugge-Price, CEO of RKH Specialty, commented: “The acquisition of PMG represents …

ACE Names Hudson as Global Head of Trade Credit Insurance Business

ACE Group announced the appointment of Julian Hudson as head of Trade Credit, ACE Global Markets, effective immediately. In his new role, Hudson will be responsible for the development and profitable growth of ACE’s global trade credit business, the company …