Trade Credit
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Arch Insurance International appoints credit underwriting manager
Tim Watson has been appointed as credit underwriting manager at Arch Insurance International. In this role, Watson is responsible for…
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BMS buys Spanish broker Rasher
Insurance broker BMS Group is buying Spanish firm Rasher and its Latin American subsidiaries in Colombia and Peru. Rasher specialises…
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Brokerslink launches global trade credit practice
Brokerslink is set to expand the number of its specialty practices, designed to better support international companies, after launching into…
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WTW says multinational programme approach needed for trade credit insurance
A new approach is needed for multinationals when it comes to trade credit insurance, with many companies struggling to maximise…
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AXA XL provides $30m credit insurance toward Bahamas marine conservation
AXA XL will provide $30m in credit insurance to a debt-for-nature swap in the Bahamas that aims to unlock $124m…
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Political risk signals heating up for 2025
Global corporates need to pay close attention to key political risk signals going into 2025, according to Verisk Maplecroft, with…
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Coface sees ‘steady rise’ in corporate failures in Q3
Trace credit insurer Coface has reported a “slow and steady rise” in Q3 losses from higher numbers of business failures.…
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BPL appoints new director in Paris
Catherine Aubert has been appointed as director at BPL. The broker, specialising exclusively in credit and political risk insurance (CPRI),…
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Corporate bankruptcies to climb 14% in Europe
Business insolvencies in western Europe are predicted to rise for the third consecutive year, by +14% in 2024, according to…
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Global insolvency outlook deteriorates as Allianz Trade raises forecast
Global business insolvencies are forecast to rise more sharply in 2024 than previously expected, according to Allianz Trade, which warns…
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Navigating uncertainty: The rise of bespoke solutions in the MBTC market
Does heightened geopolitical risk signal a step change for the multi-buyer trade credit (MBTC) market? Jesse van Cleef, head of…
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Awbury plans Lloyd’s credit risk syndicate for 2025
A new Lloyd’s syndicate focused on credit risks will be able to commence underwriting from January next year after securing…
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Large corporate insolvencies hit record high in Germany
The number of large insolvencies in Germany reached a record high in the first six months of 2024, rising by…
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EU bankruptcies hit new peak
Corporate bankruptcy numbers in the European Union surged 3.1% in the second quarter of 2024 to reach a new high,…
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Tokio Marine HCC International bolsters UK trade credit division
Specialty insurer Tokio Marine HCC International (TMHCCI) has made two in-house appointments to its trade credit business in the UK.…
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Coface revenues down amid ‘sluggish’ economy
Credit insurer Coface has reported a 10% rise in net income during the first half amid a “sluggish economic environment”…
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Brokerslink launches trade credit insurance practice
A dedicated trade credit insurance (TCI) practice has been launched by Brokerslink, designed to offer trade credit expertise and increase…
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Fidelis syndicate 3123 begins underwriting at Lloyd’s
Fidelis’ syndicate 3123 has formally begun underwriting business at Lloyd’s, with an initial target to write $180m of GWP in…
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Consilium enters credit and political risk market
Global specialty (re)insurance broker Consilium has entered the credit and political risk insurance market, promising to offer insurance buyers the…
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Howden and Allianz Trade agree credit and political risk cover for exporters to Saudi Arabia
Howden and Allianz Trade will provide credit and political risk insurance to exporters looking at business opportunities in Saudi Arabia…