Trade Credit
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March 28, 2024
Higher claims for trade credit insurers expected but strong financial buffers
The global economic slowdown will translate into a higher number of insolvencies and therefore higher claims for trade credit insurers,…
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March 12, 2024
HDI Global Specialty appoints head of single risk in Australia and New Zealand
HDI Global Specialty has appointed Paula Ritchie as head of single risk in Australia and New Zealand. Single risk is…
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March 7, 2024
New EU payment deadlines will weaken Europe, claim German insurers
The German Insurance Association (GDV) has warned that the EU’s planned payments regulation, which would introduce mandatory payments within 30…
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March 1, 2024
Coface pricing down 1.9% but claims costs now above pre-pandemic levels
Trade credit insurer Coface said rates were down 1.9% last year but has so far avoided a spike in claims…
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March 1, 2024
Asian countries face ‘moderate’ rise in insolvency risk
Allianz Trade expects most Asian countries to face a “moderate” increase in insolvencies this year, including China. As it released…
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February 28, 2024
Global insolvencies set to peak this year before levelling off, says Allianz
Global insolvencies continued to rebound last year and are now above pre-pandemic levels in most advanced economies, finds Allianz Trade,…
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February 8, 2024
Chaucer says record election year driving demand for political risk cover
A record number of elections taking place around the world in 2024 is “sharply” increasing demand from businesses for political…
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February 5, 2024
Zurich sets out counterclaim in Greensill Bank litigation
Zurich Insurance told a London court that it denied trade credit insurance payments to Greensill Bank, the German banking subsidiary…
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January 31, 2024
Canopius strengthens credit and political risk team
Specialty (re)insurer Canopius Group has appointed Angelos Deftereos as head of structured credit and Boris Medimorec and Virad Patel as…
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January 22, 2024
$3trn of trade at risk from Red Sea disruption
Data and analytics firm Russell Group has warned that headwinds are set to blow across the global economy because up…
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January 5, 2024
Trade credit reinsurance market stable with growing capacity
The reinsurance market for trade credit has largely remained stable, with capacity increasing despite continued global economic uncertainty. Reinsurance brokers…
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December 14, 2023
New specialty practice launched by Markel
Markel has launched a specialty practice within its international wholesale division, led by Tom Hillier as divisional managing director. In…
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December 14, 2023
German credit insurers report “massive” rise in corporate defaults
German credit insurers are recording a massive increase in corporate payment defaults for 2023, according to analysis carried out by…
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December 11, 2023
Africa Specialty Risks launches Lloyd’s syndicate
Africa Specialty Risks and Apollo Syndicate Management are set to launch a new syndicate at Lloyd’s in 2024 focused on…
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December 6, 2023
HDI enters US surety and Asian accident and health markets
HDI Global has entered the US surety market through the acquisition of Indiana Lumbermens Insurance, and the Asian accident health…
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December 1, 2023
Mixed primary market outlook for 2024: Zurich
Zurich has painted a mixed picture for European insurance buyers next year with some areas, such as marine, stabilising, and…
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November 8, 2023
Allianz Trade relaunches export risk app
Trade credit insurer Allianz Trade has relaunched its free online app, Trade Match, which identities the best export opportunities for…
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October 16, 2023
Credit insurance to grow as supply chains become more complex
Trade credit insurance (TCI) is expected to grow, even as world trade volume flows slow because of rising counterparty risk…
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October 10, 2023
Best keeps negative outlook on Indonesian non-life insurance sector
Rising reinsurance costs and more-restrictive coverages have led to heightened reinsurance credit risk and potential pressure on underwriting margins for…
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August 21, 2023
Credit and political risks insurance partner joins DAC Beachcroft
Paul Baker has joined international law firm DAC Beachcroft as a partner in its global insurance practice in London. Baker…