Trade Credit
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Anra survey shows Italian companies face tough renewals
Italian risk and insurance managers experienced a difficult insurance renewal at year-end 2020 and are bracing themselves for another difficult…
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Coface profits jump as insolvencies fall
Coface profits have risen sharply on an improved underwriting result, driven by lower rates of insolvency and governmental support in…
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GVNW cautiously accepts non-extension of protective shield
The German risk and insurance management association, the GVNW, has cautiously welcomed the announcement by the German insurance association (GDV)…
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Insolvency risk in focus as German companies grapple with economic uncertainty
As the coronavirus pandemic prolongs its global domination and governments are forced to face up to the fact that they…
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Insolvencies to ‘surge’ by 26% in 2021: Atradius
Insolvencies are set to jump 26% globally this year with several European countries likely to be worst hit as the…
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Pandemic fuels heightened political risk in 2021, finds Marsh’s map
Pandemic-induced economic stress will continue to exacerbate political risk throughout this year, according to Marsh Specialty’s Political Risk Map 2021,…
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Tokio Marine says ‘no material impact’ from Greensill insolvency
Tokio Marine’s liabilities from the collapse of supply chain finance firm Greensill are limited to trade credit insurance cover provided…
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Swiss Re pledges to cease global coal treaty business by 2040
Swiss Re will begin tightening its treaty (re)insurance underwriting policy for thermal coal risks from 2023 and exit all exposures…
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CPRI market rising to the challenge on claims says BPL
The specialty credit and political risk insurance market (CPRI) continues to pay claims in this increasingly complex and volatile global…
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Pandemic-driven global GDP loss set to be wiped out in 2021 – Atradius
Global GDP is expected to recover by 5% this year and global trade to increase by 7% to 8%, according…
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Renewable energy drives demand for credit insurance: BPL
Renewable energy deals are driving fresh demand for credit insurance, says a new report on the credit and political risk…
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Downgrades and rising defaults ahead as Covid-19 strains credit in 2021
Covid-19 will continue to put a “heavy strain” on global credit conditions in 2021, with more ratings downgrades and an…
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Supply chain risks to hit hard in France as insolvencies rise
As some believe that vaccinations and economic recovery will bring their companies some peace of mind in 2021, a French…
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Specialist Risk Group acquires trade credit specialist
Insurance intermediary Specialist Risk Group (SRG), has acquired Bristol-based trade credit specialist, The Channel Partnership. The senior team and staff…
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Trade credit fallout from pandemic to worsen in 2021
Despite positive news on vaccinations, the outlook for trade credit risk remains uncertain and insolvencies are predicted to rise significantly…
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Greenberg sticks by insured Covid-19 loss estimate of up to $80bn
Despite some experts reducing their insured pandemic loss figure, Chubb’s CEO Evan G Greenberg said the insurer is sticking to…
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AXA XL creates political risk leader role for Europe
AXA XL has named Caroline Tran as its first product leader for political risk, credit and bond in Europe. In…
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Atradius says credit outlook is bleak for Bulgaria’s shipping and transportation sector
Trade credit insurer Atradius has forecast a bleak credit outlook for the shipping and transport sector in Bulgaria, with several…
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Airmic urges insurers to improve underwhelming solutions in wake of trade credit scheme extension
Airmic has welcomed the extension of the UK’s government-backed trade credit reinsurance scheme, but told CRE that many buyers remain…
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UK extends trade credit scheme to end of June
The UK has followed moves by other European governments and extended its trade credit insurance backstop for a further six…