Trade Credit
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Trade credit insurers more cautious as losses begin to rise: Marsh
The frequency and severity of global insolvencies have yet to reach their peak, with a significant economic slowdown expected in…
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Allianz Trade expands XoL solution to Spain and Brazil
Allianz Trade has expanded its excess of loss (XoL) reach with additional resources in Germany and Singapore, and new teams…
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Business insolvencies set to jump amid credit crunch
A rebound in business insolvencies is picking up speed, according to Allianz Trade, the credit insurance arm of Allianz. The…
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EU agrees new export credit rules to boost climate-friendly projects
The European Union has agreed new rules for export financing with member states of the OECD. The OECD said that…
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Credit insurance market seeing ‘normalisation’ of loss ratios
Overall renewal premium rates in the credit insurance sector are showing flat-to-low single-digit reduction trends, according to Aon, but the…
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AXA XL says it’s ready to step in as other carriers pull back following tough 1 Jan renewals
AXA XL has told Commercial Risk that it is now targeting new business across all lines in Europe and Asia…
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HDI Global eyes strong Asia-Pacific growth on back of 2022 results
HDI Global will continue its strong growth path in the Asia Pacific by launching into the single project professional indemnity…
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Tokio Marine HCC International appoints UK trade credit underwriters
Tokio Marine HCC International (TMHCCI) has strengthened its UK trade credit division with the appointment of two senior risk underwriters:…
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EC approves expansion of Italian credit insurance scheme
Risk managers will be pleased to hear that the EC has approved an amendment to Italy’s existing guarantee scheme, which…
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Credit and political risk transfer capacity at all-time high: WTW
Capacity for credit and political risk insurance (CPRI) is at a record high after spiking over the last year, according…
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Allianz Trade buys out joint venture partner in Portugal
Trade credit insurer Allianz Trade will buy the remaining 50% stake in Portuguese firm Companhia de Seguro de Créditos (Cosec)…
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Credit insurers will cope with expected increase in claims
Moody’s believes that trade credit insurers are well placed to cope with an anticipated increase in claims in the months…
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Reinsurance renewals bring little comfort to insurance buyers
As the dust settles on the latest reinsurance renewal season, what does it all mean for multinationals and risk managers?…
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WTW appoints Aon’s Pieter Van Ede as global head of trade credit
WTW has appointed Aon’s Pieter Van Ede as global head of trade credit to help spur its growth plans in…
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Trade credit claims ratios to rise but insurers well placed
The increasingly difficult economic environment and the expected rise in insolvency rates and protracted defaults will see claims ratios for…
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QBE restructures trade credit senior leadership in Europe
Seb Rice has been appointed commercial head, trade credit at QBE Europe. The move follows a restructuring of the insurer’s…
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Nexus Underwriting appoints head of trade credit in France
Farah Rostamzad has been appointed as head of trade credit by specialty MGA Nexus Underwriting in its French office, located…
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Reinsurance renewal signals new reality for buyers, says Aon
The January 2023 renewal was the most challenging in a generation, as the reinsurance market underwent a fundamental shift in…
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Howden CAP appoints managing director, credit and political risks
Matthew Strong has been appointed as managing director, credit and political risks, Howden CAP. He joins Howden CAP from Marsh,…
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Concern jumps over macroeconomic risks but cyber and BI retain top spots: Allianz Barometer
Macroeconomic risks and the energy crisis have shot up the ranking, but cyber and business interruption (BI) remain the top…