Germany Extends $37B Backstop for Credit Insurers to Keep Pandemic Trade Flowing December 4, 2020 Germany agreed to extend a backstop for commercial credit insurers by six months to keep trade flowing and prevent bankruptcies...
Pullback by Wary Credit Insurers Leaves Suppliers, Retailers in Bind September 8, 2020 By Anne D'Innocenzio Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can’t...
Trade Credit Insurers Seek $60B from U.S. Towards Pandemic Payouts June 8, 2020 By Suzanne Barlyn U.S. trade credit insurers have approached the U.S. Treasury Department and Federal Reserve seeking financial backing for claims payments to...
UK Government Forms £10 Billion Reinsurance Backstop for Trade Credit Insurers June 4, 2020 By L.S. Howard The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic...
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...
Nexus’ Broking Unit Xenia Completes Purchase of Howden UK’s Trade Credit Business April 1, 2020 Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has completed the acquisition of...
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...
Most British Companies Don’t Have Insurance for Coronavirus Closures: ABI March 17, 2020 Most companies in Britain don’t have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers...