Allied World Assurance Company Holdings AG announced its suite of trade credit & political risk insurance products are available in Canada, as part of the Global Crisis Management Division. This coverage helps clients mitigate the risk of non-payment due to …
Specialty lines broker, RKH Specialty, part of the Hyperion Insurance Group, has acquired the UK’s largest independent specialist Surety broker, PMG Financial Services Ltd., subject to regulatory approval. Barnaby Rugge-Price, CEO of RKH Specialty, commented: “The acquisition of PMG represents …
ACE Group announced the appointment of Julian Hudson as head of Trade Credit, ACE Global Markets, effective immediately. In his new role, Hudson will be responsible for the development and profitable growth of ACE’s global trade credit business, the company …
RKH Specialty, part of the Hyperion Insurance Group, has appointed Gert Schlossmacher as co-managing director of its Financial Risks Division. Schlossmacher will join in January 2016, reporting to Barnaby Rugge-Price, CEO of RKH Specialty. Schlossmacher joins RKH from Euler Hermes, …
Russia will suffer the economic and political fallout of the Ukraine crisis for years to come, according to Euler Hermes Group, the world’s biggest trade credit insurer. Euler Hermes expects Russia’s economy to contract 5.5 percent this year and 4 …
Allied World Assurance Company Holdings AG announced the commencement of its in-house trade credit and political risk insurance platform with the completion of its previously announced acquisition of its former program administrator, Latin American Underwriters Holdings Ltd. LAU has underwritten …
Marsh, a global leader in insurance broking and risk management, announced it has acquired Trade Insure NV, a distributor of credit insurance policies in Belgium. Terms of the transaction were not disclosed. Founded in 1990 and based in Aalst, Belgium, …
Allied World Assurance Company Holdings AG announced that its U.S. holding subsidiary has reached a definitive agreement to acquire Latin American Holdings Ltd., a program administrator that has underwritten trade credit and political risk coverages solely for Allied World since …
Markel Corp. is now underwriting trade credit insurance in its New York office. Policies will be underwritten on an admitted basis, utilizing two Markel insurance companies, Markel American Insurance Co. and Markel Insurance Co. Products may not be available in …
Agents and brokers who are not selling trade credit insurance – also known as receivables insurance – are missing huge opportunities but also opening themselves up to errors and omission (E&O) exposures, according to trade credit insurance experts. Worldwide capacity …
