Insurers Face Big Investment Losses, Trade Credit Claims from Coronavirus Crisis March 12, 2020 By Carolyn Cohn Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a...
Nexus’ Broking Division Xenia Buys Howden’s UK Trade Credit Business March 9, 2020 Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has entered into an agreement...
Re/Insurers to Feel Coronavirus Impact From Financial Market Volatility: Moody’s March 2, 2020 Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through...
Arch Capital to Buy 29.5% Stake in French Credit Insurer Coface February 25, 2020 Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake...
Nexus Specialty to Offer Admitted Trade Credit Products through Crum & Forster January 7, 2020 Nexus Specialty Inc., part of MGA Nexus Group, has formed a new program agreement with Crum & Forster that allows...
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...
UK Specialty MGA Nexus Buys an MGA and a Broker – All in One Day April 3, 2019 By L.S. Howard UK specialty managing general agent (MGA) Nexus Group lived up to its description as an “acquisitive insurance intermediary holding company,”...
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...
Trade Credit Insurance Could Get Boost from Trade War July 6, 2018 By William Mathis Trade tensions sound like a great opportunity to underwriters of a little-known insurance product. U.S. President Donald Trump set off...