Trade credit insurer pay-outs at highest level since 2009

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Insurance pay-outs made by trade credit insurers in 2017 were at their highest level since 2009 according to the Association of British Insurers (ABI).

High profile company failures in 2017 included Monarch Airlines and Palmer and Harvey, and they were followed in 2018 by Carillion, Toys R Us and Maplin.

The ABI has previously said that trade credit insurers will pay out an estimated  £31m to help firms in the supply chain recover from the collapse of construction giant Carillion.

According

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