Trade Credit
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Munich Re adds €1.1bn of Covid-19 losses
Munich Re said its reinsurance operation will face €3.4bn of Covid-19 losses this year, up from €2.3bn for the first…
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Germany’s credit insurance backstop close to extension says GDV
German’s insurance association GDV said it is close to reaching an agreement with its government to extend the Covid-19 credit…
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Mahnke urges government to step up efforts on credit and pandemic schemes
The German risk and insurance management association GVNW has repeated its recent call for federal government and the German insurance…
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Leading trade credit insurers face higher claims but remain resilient, says Moody’s
Moody’s Investors Service has said the three leading trade credit insurers will remain resilient in 2020, despite a coronavirus-related drop…
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AIG suffers $790m Q3 cat loss and plans to split the group
AIG said it will spin off its life and retirement business from P&C operations, as it estimated catastrophe losses of…
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Czech insolvency levels set to rise at year-end as relief measures expire, warns Atradius
Corporate insolvency is expected to surge in the Czech Republic towards the end of this year as pandemic relief measures…
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Extending state support for credit cover ‘imperative’, says GVNW
The German risk and insurance management association GVNW and the Federal Association of German Insurance Brokers (BDVM) have asked their…
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AMRAE reports extremely tough market for French buyers and warns of ‘bitter’ renewals
A new AMRAE report finds that the French insurance market is now hard pretty much across the board and warns of…
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Atradius says UK insolvencies will jump 27% in 2020
UK insolvencies are forecast to jump by 27% this year, slightly higher than the global average rise of 26%, finds…
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China and India to account for bulk of 2020 global recession
China and India will account for almost all of the very poor economic outlook in 2020, according to the latest…
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GVNW wants credit insurance protective shield extended into 2021
GVNW is hopeful that federal government extends the credit insurance protective shield introduced during the early stages of the Covid-19…
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Global insolvency rates to rise 26% in 2020, says Atradius
Global corporate insolvencies are forecast to swell by 26% this year, with most booked to the second half of 2020…
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Risk management key as Asian economies struggle with pandemic
Asian businesses need to focus on and invest in risk management now more than ever as the region battles to…
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Atradius warns of increased trade credit risk in several Polish and Russian sectors
New country reports by Atradius warn that the credit risk outlook is bleak for the Polish automotive and transport sector…
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Insolvencies will rise across key Asian markets: Atradius
Global trade credit insurer Atradius has published four new reports, on the markets of China, India, Indonesia and South Korea,…
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New head of credit and political risk team at Canopius
Canopius has promoted Stephen Pike as head of the credit and political risk team, part of Canopius’s credit, political and…
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CEE to benefit from post-pandemic supply chain risk reduction
Central and eastern European (CEE) countries are looking increasingly like beneficiaries of the impact of Covid-19 on global trade and…
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Atradius appoints head of UK commercial
James Burgess has been appointed as head of UK commercial at credit insurer Atradius. He will assume overall responsibility for…
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Atradius reports ‘huge’ rise in late payments as pandemic recession bites
New research from international credit insurance group Atradius reports that late payments have “soared” in the US, Mexico and Canada…
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Global insurance recovery from Covid-19 will outrun economies, says Swiss Re
Global insurance premiums will stage a full recovery next year after the impact of Covid-19, says Swiss Re in a…