Trade Credit
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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…
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March 17, 2022
Financial market volatility and inflation main threats to insurers from Ukraine crisis
Financial market volatility as a result of the Russia-Ukraine war is more of a threat to the European insurance sector…
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March 7, 2022
Trade credit insurers pause cover for Russian and Ukrainian risks
Trade credit insurers are stepping away from risks in Ukraine and Russia, according to a Reuters report. Citing industry sources,…
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March 7, 2022
Invasion of Ukraine will see investment volatility and claims inflation, says Moody’s
While global insurers and reinsurers generally have little direct business or investment exposure to Ukraine and Russia, they will face…
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February 28, 2022
Credit and political risk losses doubled in 2021, says WTW
Credit and political risk insurance (CPRI) losses continued to rise in 2021 to $118.5m, more than doubling from the previous…
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February 25, 2022
Exclusions and closed nature of Russian market will limit insured losses, says GDV
The German insurance association (GDV) says that the Russian invasion of Ukraine should have a minimal impact on the German…
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February 25, 2022
Run on Russian banks likely, says IIF, as it warns Europe faces gas risk exposure from conflict
The West has been criticised for its supposedly weak response to the Russian invasion of Ukraine. But the Institute for…
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February 24, 2022
Euler Hermes completes first policy using new Lloyd’s e-placement platform Dialogue
Trade credit insurer Euler Hermes has bound its first policy using the independent complex-risk platform, Dialogue Exchange Global. The policy…
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February 23, 2022
Nexus Underwriting Management becomes Kentro Capital
London-based Nexus Underwriting Management is to be renamed Kentro Capital. The MGA said the change of name to Kentro –…
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February 16, 2022
Coface’s 2021 net income up 170% despite lower pricing in recent quarters
Trade credit insurer Coface saw its net income increase by 170% last year to €223.8m, despite paying back €160m to…
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February 15, 2022
Brexit and Covid-19 drive up insolvency risk for UK food sector in 2022, warns Atradius
Insolvencies among UK food and beverage companies are forecast to rise by 20% in 2022 compared to pre-pandemic levels, as…
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February 11, 2022
Covid-induced changes to German insolvency law creating legal minefield
Suspensions applied to German insolvency law in response to the Covid-19 pandemic ended on 30 April 2021. However, Dr Kai…
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January 18, 2022
Excess-of-loss cover to feature more in credit insurance
Large companies are increasingly opting for excess-of-loss credit insurance, with the trend set to grow further in the future. This…
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January 14, 2022
UK insolvencies to spike as Brexit exacerbates impact of Covid-19, warns Atradius
Atradius is predicting UK insolvencies will be 33% above pre-pandemic levels this year, as Brexit exacerbates the impact of Covid-19.…
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January 13, 2022
Tysers sells UK trade credit book to Xenia
Specialist UK broker Xenia Broking Group has acquired the UK trade credit and surety business of Tysers Insurance Brokers. The…
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January 13, 2022
Business impact of Brexit muddied by pandemic: Atradius
The dual hit of Brexit and Covid-19 on businesses cannot be separated, according to trade credit insurer Atradius, with the…
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January 13, 2022
Insurer challenges in 2022 include civil unrest and class actions, says RPC
The latest Annual Insurance Review from law firm RPC highlights a number of issues set to impact insurers in 2022,…