Payment delays cloud Asia-Pacific outlook

Payment delays cloud Asia-Pacific outlook

Payment delays cloud Asia-Pacific outlook

Slowing trade growth in many Asia-Pacific countries is prompting businesses in the region to increase their use of trade credit in B2B transactions, according to credit insurer Atradius. Although the region is still the main growth engine for the global economy, and domestic demand remains robust, a number of negative risks are clouding the outlook, Atradius warns. An Atradius survey…

Atradius report highlights South American trading risks

Atradius report highlights South American trading risks

Atradius report highlights South American trading risks

Chile is the lowest-risk country in South America in terms of trading risk, according to a report from trade credit insurer Atradius looking at the five main South American markets. The report provides an update on the political and economic backdrop of the five markets: Argentina, Brazil, Chile, Colombia and Peru. According to Atradius, Chile ranked as the lowest risk…

Liberty Specialty Markets appoints head of trade credit multi-buyer

Liberty Specialty Markets appoints head of trade credit multi-buyer

Liberty Specialty Markets appoints head of trade credit multi-buyer

Paul Kunzer has been appointed as head of trade credit multi-buyer and excess of loss at Liberty Specialty Markets, part of Liberty Mutual Insurance. He will lead the development of Liberty Specialty Markets’ new trade credit offering for multi-buyer and excess-of-loss programmes, and will be based in Liberty Specialty Markets’ Chicago office. He will report to Alex Montoya, president of…

Liberty Mutual to acquire AmTrust’s global surety and credit reinsurance operations 

Liberty Mutual to acquire AmTrust’s global surety and credit reinsurance operations 

Liberty Mutual to acquire AmTrust’s global surety and credit reinsurance operations 

Liberty Mutual Insurance is to acquire the global surety and credit reinsurance operations of AmTrust Financial Services. Liberty Mutual has signed a definitive agreement with AmTrust, a multinational property and casualty insurer specialising in coverage for small to mid-sized businesses. It added that the agreement supports its goal of becoming a top three global commercial (re)insurer. Terms of the deal were not disclosed. Liberty Mutual will acquire four AmTrust businesses:…

Slowing eurozone growth to run at half pace of global economy: Atradius

Slowing eurozone growth to run at half pace of global economy: Atradius

Slowing eurozone growth to run at half pace of global economy: Atradius

Growth in the world’s economy is set to slow this year, with the eurozone forecast to run at about half the global pace, according to new outlooks published by trade credit insurer Atradius. The company said it is important for companies to monitor wider market trends when assessing the “robustness” of customers around the world. According to Atradius, global growth…

Ed bolsters credit and political risks team in Singapore

Ed bolsters credit and political risks team in Singapore

Ed bolsters credit and political risks team in Singapore

Specialty broker Ed has appointed Abhishek Chhajer as its new head of credit, political risks and surety solutions. He will take up the newly created role with immediate effect and will be based in Singapore, reporting to Stephen Britten, chief executive of Asia-Pacific. Mr Abhishek joins from Standard Chartered Bank, where his most recent role was managing a project on…

European risk managers urged to consider CPRI cover as political volatility rises

European risk managers urged to consider CPRI cover as political volatility rises

European risk managers urged to consider CPRI cover as political volatility rises

European corporate risk managers working for companies that operate in overseas markets should take a close look at the credit and political risk insurance (CPRI) market, to satisfy themselves and their bosses that they have at least considered the options before a loss occurs, according to a leading broker. James Esdaile, managing director of BPL Global, a top CPRI broker…

Credit insurer Coface to operate in Greece

Credit insurer Coface to operate in Greece

Credit insurer Coface to operate in Greece

Coface has been granted a licence from the Greek regulatory authority to operate as a credit insurer in the country. Coface said the move to launch its credit insurance offering in Greece was in line with its strategic ambition to grow in promising new markets. “Greece has undertaken reforms which pave the way for a promising credit insurance market. The…

Euler Hermes launches public access open data portal

Euler Hermes launches public access open data portal

Euler Hermes launches public access open data portal

Trade credit insurer Euler Hermes has released its open data platform for anyone to access, use and share its data on international B2B trade. Euler Hermes said the move gives public access to millions of exclusive datasets, and will help users make sense of international trade data, select the right prospects and do business with confidence. The insurer said its…

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