Trade Credit
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June 8, 2022
AXIS Capital to focus on specialty as it exits property reinsurance
AXIS Capital is to focus on specialty underwriting with a series of moves including exiting property reinsurance, shifting AXIS Re…
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May 24, 2022
Challenging German market conditions persist in key lines
The difficult state of the German industrial and commercial insurance market, particularly for cyber and D&O risks, has been confirmed…
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May 5, 2022
EC approves German state credit line for firms hit by Ukraine war
The European Commission (EC) has approved a German umbrella scheme with a budget of about €11bn to support companies across…
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April 26, 2022
Finland’s Wärtsilä to write off €200m of Russian assets and interests
Finnish marine technology firm Wärtsilä has been forced to write off close to €200m of Russian assets and business operations…
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April 22, 2022
Insolvencies to rise this year as businesses emerge from pandemic state support, warns Atradius
Businesses insolvencies will rise in 2022 following the withdrawal of Covid-19 government support, according to trade credit insurer Atradius. In…
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April 22, 2022
Beazley’s poll finds low resilience to war risk
Business leaders and insurance buyers said their firms have low resilience to war and terror risks when surveyed before Russia’s…
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April 14, 2022
UK credit insurance firm Xenia Broking Group acquires Hong Kong broker
UK credit insurance and surety specialist Xenia Broking Group has acquired a majority stake in Capstone Insurance Brokers, a Hong…
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April 12, 2022
AXA XL’s political risk, credit and bond business appoints senior underwriter, Americas
Gabriel Okolski has been appointed as senior underwriter, Americas in AXA XL’s political risk, credit and bond (PRCB) business. He…
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April 8, 2022
Marsh Germany appoints Radoncic to lead new specialty arm
Marsh has announced the appointments of Mirela Radoncic as chief specialty officer and Jens-Daniel Florian-Jansen as chief market officer for…
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April 5, 2022
Tokio Marine refuses Credit Suisse’s claim under ‘fraudulent’ Greensill policies
Tokio Marine has said it will not pay out on multiple insurance policies bought by collapsed supply chain finance firm…
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April 4, 2022
Trade credit insurers facing elevated Russian claims due to Ukraine war
The ongoing war in Ukraine means that trade credit insurers should expect an inflow of credit default claims from companies…
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April 4, 2022
Buoyant appetite from political risk insurers despite political instability, says Lockton
Conflict in Ukraine is impacting global trade risks and has magnified the threats currently facing the global economy, as well…
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April 4, 2022
Credit insurer Coface opens New Zealand branch
Credit insurer Coface has opened a branch in New Zealand after receiving approval from the Reserve Bank of New Zealand.…
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April 1, 2022
Euler Hermes rebrands as Allianz Trade
Trade credit insurer Euler Hermes has rebranded as Allianz Trade. The insurer said it was a natural move as it…
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April 1, 2022
Credendo downgrades business environment risk ratings for CIS states
Risk and insurance managers who work for multinationals that have operations in the Commonwealth of Independent States (CIS) must brace…
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March 31, 2022
Financial institution specialist joins Miller’s credit and political risks team
Andrew Barr has been appointed to Miller’s credit and political risks (CPRI) team. He specialises in helping financial institution clients…
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March 29, 2022
Fitch revises Iceland’s outlook to ‘stable’
Fitch Ratings has upgraded the outlook on Iceland’s long-term foreign-currency Issuer Default Rating (IDR) from negative to stable. The ratings…
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March 24, 2022
(Re)insurers face Russia aircraft leasing loss of up to $11bn, says Moody’s
New Russian legislation that will see Russian airlines effectively impound aircraft leased from foreign lessors could result in potential insurance…
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March 22, 2022
Atradius reveals most promising emerging markets for 2022
The most promising emerging markets for international trade this year are Uruguay, Ivory Coast, Israel, Qatar and Taiwan, according to…
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March 18, 2022
Marsh appoints Mohit Kanthra as leader of Marsh Specialty in Asia
Mohit Kanthra has been appointed as leader, Marsh Specialty, Asia, with effect from 1 July 2022. According to Marsh, he…