Trade Credit
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HDI enters US surety and Asian accident and health markets
HDI Global has entered the US surety market through the acquisition of Indiana Lumbermens Insurance, and the Asian accident health…
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Mixed primary market outlook for 2024: Zurich
Zurich has painted a mixed picture for European insurance buyers next year with some areas, such as marine, stabilising, and…
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Allianz Trade relaunches export risk app
Trade credit insurer Allianz Trade has relaunched its free online app, Trade Match, which identities the best export opportunities for…
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Credit insurance to grow as supply chains become more complex
Trade credit insurance (TCI) is expected to grow, even as world trade volume flows slow because of rising counterparty risk…
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Best keeps negative outlook on Indonesian non-life insurance sector
Rising reinsurance costs and more-restrictive coverages have led to heightened reinsurance credit risk and potential pressure on underwriting margins for…
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Credit and political risks insurance partner joins DAC Beachcroft
Paul Baker has joined international law firm DAC Beachcroft as a partner in its global insurance practice in London. Baker…
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Zurich sued over Greensill Bank policies
Administrators for Greensill Bank, the German banking subsidiary of collapsed supply chain finance firm Greensill Capital, have filed a lawsuit…
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Allianz Trade launches fraud protection for UK businesses
Trade credit insurer Allianz Trade has launched a fraud insurance product for UK businesses amid a post-pandemic rise in employee…
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Marsh sued by Greensill investor White Oak for $143m
US private finance group White Oak has taken legal action in a $143m claim against Marsh, according to reports, as…
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New multinational trade credit leader at WTW
Todd Lynady has been appointed as multinational trade credit leader at WTW, based in New York. He will be responsible…
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Brokerslink adds four new affiliates in eastern Europe
Brokerslink has added four new eastern European affiliates to extend its presence in Romania, Moldova, the Czech Republic, Slovakia, Bulgaria…
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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…