Trade credit
Ace launches trade credit web portal
Ace has launched a new web portal which it claimed allowed clients to monitor and administer their trade credit policies online.
Results improve at Coface
Trade credit insurer Coface has announced an 8% increase in turnover to €764m (£672m) in the first half of 2011 (H1 2010: €708m).
European capacity still buoyant, says Marsh
Insurers are still vying for lucrative accounts and insurance capacity remains buoyant in Europe, the Middle East and Africa (EMEA), according to a new report published by Marsh.
Coface warns of increase in insolvencies
Xavier Denecker, managing director of trade credit insurer Coface for UK and Ireland, has warned of a slow and steady increase in UK insolvencies but stressed it would not be as “brutal” as during the depth of the recession.
Trade credit insurance changes may leave brokers open to attack
Measures to widen cover available to UK businesses exporting to non-OECD countries could give brokers familiar with the changes a chance to poach clients
Biba in trade credit deal
The British Insurance Brokers’ Association (Biba) has announced an agreement with the Government’s Export Credits Guarantee Department (ECGD) to provide general insurance brokers with access to the ECGD export insurance scheme for their clients.
Oamps grows UK presence with credit team
Oamps Special Risks has launched a new credit insurance division in the UK, Oamps Credit.
Product update: SMEs protected from insolvency
Trade credit insurance firm Atradius has launched a policy designed specifically to help protect small to medium-sized enterprises (SME) from unexpected insolvencies impacting their supply chain.
PB December 2010: News round-up
Apple iPhone apps continue to be all the rage in the insurance industry. Aviva launched MyClaim, a free app enabling policyholders to file a motor insurance claim remotely from their iPhones.
Coface returns to profit
Trade credit provider Coface has announced operating profit of €89 million in the first nine months of the year compared to a loss of €240 million in the same period of 2009.
Markel expands trade credit division
Markel International has expanded its trade credit division with three appointments and cited strong demand from a diverse range of brokers.
Trade credit MGA launched
Equinox Global has been launched with the aim of proving improved certainty of cover and increased transparency in the credit insurance sector.
European trade credit insurance market turns corner in 2010, according to Marsh
New insurance capacity, increased competition for business among insurers and improved risk management have led to positive developments for buyers of trade credit insurance across most of Europe in 2010, according to Marsh.
Insurance rates fall across EMEA, says Marsh
Insurance rates have fallen for certain classes of business across Europe, the Middle East and Africa (EMEA) during the first half of 2010, according to research.
Interview - Xavier Denecker: Trading ahead
Emmanuel Kenning questions Xavier Denecker, managing director of Coface UK and Ireland, about what the future holds for the multi-billion pound trade credit insurance industry.
BVCA branches into insurance
The British Private Equity and Venture Capital Association (BVCA) has launched BVCA Insurance Services.
RK Harrison raids Aon for client director
RK Harrison Financial Risks (RKHFR), the independent trade credit broker, has appointed David Walmsley as regional premier client director.
UK growth forecast downgraded by Coface
Credit insurer Coface has increased its forecast for world growth to 3% but reduced its 2010 forecast for the UK to 1.1%.
Trade credit insurers paid out £320m in claims in 2009
Trade credit insurance helped UK businesses by dealing with 22,791 claims in 2009, according to figures from the Association of British Insurers (ABI).
World economy recovering - slowly
With the UK finally emerging from recession, Emmanuel Kenning reports on the prospects for the global economy
QBE adds to trade credit team
Ray Massey appointed as Martin Penn moves into new role
Markel launches trade credit division
Ewa Rose appointed as managing director
Aon chief "disappointed" at trade credit "failure"
Government announces it is closing its trade credit top-up scheme to new applications at the end of the year
RKH Financial Risks raids Aon
Broker strengthens trade credit and bonds division with appointments of Graham Bristow and Bryan Gibbons