UK Government to Create Temporary Reinsurance Backstop for Trade Credit Insurance May 13, 2020 By L.S. Howard The UK Treasury announced it is creating a government-backed temporary reinsurance scheme so businesses can continue to access trade credit...
UK Insurers in Talks with Government About Creating Trade Credit Backstop April 20, 2020 By Carolyn Cohn British insurers are talking to the government about a backstop for trade credit insurance to support business supply chains hit...
Germany to Provide Credit Insurance Guarantees to Keep Trade Flowing: Sources April 2, 2020 The German government and the country’s credit insurance industry have agreed to help to maintain insurance cover for trade despite...
EU Countries Give Guarantees to Credit Insurers to Prevent Coverage Cuts April 1, 2020 By Maya Nikolaeva, Toby Sterling and Alexander Hübner European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms...
SCOR-Backed Channel Syndicate Taps Coulson from Lancashire as Senior Underwriter March 31, 2020 Channel Syndicate, which is backed by reinsurer SCOR, has appointed Caroline Coulson as a senior underwriter on the political and...
U.K. Company Insolvencies Rise to Highest Level Since 2014 on Brexit Crisis October 31, 2019 By Andrew Atkinson The number of companies in England and Wales unable to pay their debts rose to an almost six-year high in...
Demand for Trade Credit Insurance Grows Rapidly, as Brexit Fuels Insolvency Concerns October 16, 2019 By Carolyn Cohn Companies are stepping up purchases of insurance to protect themselves against insolvencies in Britain, industry sources say, in part due...
French Bank Natixis Denies Reports of Takeover Talks for Credit Insurance Unit Coface July 22, 2019 French bank Natixis said on Monday that it was not in talks over a possible takeover offer for Coface, the...
Canada Expands Credit Insurance for Canola Exporters as China Dispute Continues June 14, 2019 By Kelsey Johnson and Rod Nickel Ottawa increased the insurance coverage available for canola exporters, a government corporation said on Thursday, as it seeks to reduce...
Liberty Mutual Forms $1B Risk-Sharing Deal with OPIC, Expanding Public Sector Portfolio December 10, 2018 By L.S. Howard Liberty Mutual Insurance has formed a $1 billion risk-sharing agreement with the Overseas Private Investment Corp. (OPIC), the U.S. government’s...