Seeds of Greensill Capital’s Swift Fall Triggered When Credit Insurer Balked at Renewal March 3, 2021 By Lucca de Paoli and Nabila Ahmed The seeds for the rapid disintegration of Lex Greensill’s empire were sown eight months ago, when a little-known Australian insurer...
UK Broker Specialist Risk Group Buys Trade Credit Specialist, The Channel Partnership February 10, 2021 Specialist Risk Group (SRG), a London-based specialist insurance broker, has announced the acquisition of a UK trade credit specialist, The...
UK Businesses Face Miles of Red Tape with New Brexit Border Rules January 12, 2021 By Lucy Meakin, Lizzy Burden and Deirdre Hipwell While the mile-long lines of trucks have dissipated at ports, UK businesses are waking up to less visible forms of...
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...