International insurance broker Integro, based in New York, has expanded into credit insurance to assist clients in managing global receivables and political risks. Integro is partnering with One Source Risk Management and Funding Inc., a specialist broker for credit mitigation products in the United States and Canada.
New Integro coverage and service options include: credit and political risk insurance; international credit reports; collections; receivables management services; and factoring. The Integro/One Source partnership also makes available hedging options for very difficult public exposures where the traditional credit insurance market is not available.
Credit insurance is a financial tool which can enhance sales growth, improve borrowing terms and provide receivables management options.
Integro said that partnering with One Source Risk Management complements Integro’s existing risk mitigation products.
Credit insurance has a broad range of applications geographically and by industry. Industries and risk profiles that can reap benefit include: manufacturing; retail; technology; chemicals; energy and construction, particularly those entities generating sales overseas.
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