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...
UK Retailer Debenhams Denies Cash Crunch From Cut in Suppliers’ Credit Insurance July 16, 2018 British department store retailer Debenhams said it had a healthy cash position after a media report on Sunday saying insurers...
Specialty Insurer Fortegra Financial Corp. Launches EU Subsidiary in Malta March 29, 2018 Fortegra Financial Corp., a Jacksonville-based international specialty insurer and subsidiary of Tiptree Financial, announced the creation of a wholly owned...
Credit Insurers Stopped Backing Toys ‘R’ Us a Year Ago March 19, 2018 By Richa Naidu, Tracy Rucinski and Melissa Fares When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid...
Allianz Raises Stake in Credit Insurer Euler Hermes to 92.43% February 14, 2018 Allianz Group has successfully increased its stake in the leading credit insurer Euler Hermes to 92.43 percent. In November, Allianz...
Allianz Eyes Buying Remaining Stake in France’s Euler Hermes: Sources June 8, 2017 By Dinesh Nair, Manuel Baigorri, Oliver Suess and Ruth David Allianz SE is exploring a plan to take Euler Hermes Group private, buying the shares it doesn’t already own in...
XL Catlin Offers Political Risk, Credit & Bond Insurance in Canada; Zurich’s Azzopardi Named Lead U/W May 31, 2017 XL Catlin has opened its first Political Risk, Credit and Bond (PRCB) insurance practice in Canada and has appointed Marvin...