Trade credit insurance

COFACE SA launches Power the Core, its 2024-2027 strategic plan with a view to develop a global ecosystem of reference for credit risk management

Retrieved on: 
Monday, March 4, 2024

COFACE SA launches Power the Core, its 2024-2027 strategic plan with a view to develop a global ecosystem of reference for credit risk management

Key Points: 
  • COFACE SA launches Power the Core, its 2024-2027 strategic plan with a view to develop a global ecosystem of reference for credit risk management
    Power the Core will build upon the successes of the previous strategic plans.
  • We have demonstrated that our businesses complement each other, allowing for the development of a credit risk management ecosystem of reference to increase our value proposition to our customers.
  • Our new plan Power the Core aims at building upon our strengths and our employees’ commitment and expertise in order to accelerate our transformation.
  • We will in particular deliberately invest in data and technology, for our Trade Credit Insurance and our Business Information services.

Global Impact: Regions Bank Receives 2023 SBA Export Lender of the Year

Retrieved on: 
Tuesday, April 11, 2023

Regions Bank on Tuesday announced it has received the U.S. Small Business Administration’s (SBA) 2023 Export Lender of the Year Award .

Key Points: 
  • Regions Bank on Tuesday announced it has received the U.S. Small Business Administration’s (SBA) 2023 Export Lender of the Year Award .
  • View the full release here: https://www.businesswire.com/news/home/20230411005301/en/
    Ronnie Smith, head of Regions Corporate Banking group, received the 2023 SBA Export Lender of the Year Award.
  • “Regions Bank is deeply committed to the success of small businesses,” said Caroline Taylor, head of Small Business Administration Lending for Regions Bank.
  • We are honored to recognize Regions Bank as one of three Export Lenders of the Year for 2023.

Great American Insurance Group Announces the Retirement of Phil Lally, Divisional President, FCIA – Trade Credit & Political Risk

Retrieved on: 
Thursday, July 7, 2022

Great American Insurance Group announces the retirement of Phil Lally, Divisional President, FCIA Trade Credit & Political Risk, effective July 15, 2022.

Key Points: 
  • Great American Insurance Group announces the retirement of Phil Lally, Divisional President, FCIA Trade Credit & Political Risk, effective July 15, 2022.
  • FCIA underwrites and services Trade Credit & Political Risk Insurance policies issued by Great American Insurance Company.
  • Great American Insurance Groups roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.
  • The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio.

Great American Insurance Group Announces Leadership Succession Within Two of its Specialty P&C Divisions

Retrieved on: 
Wednesday, June 8, 2022

Great American Insurance Group recently announced the promotion of two divisional presidents within its Specialty Property & Casualty Group in anticipation of planned retirements.

Key Points: 
  • Great American Insurance Group recently announced the promotion of two divisional presidents within its Specialty Property & Casualty Group in anticipation of planned retirements.
  • FCIA underwrites and services the Trade Credit & Political Risk Insurance Policies of Great American Insurance Company and has been part of the Great American Insurance Group since 1991.
  • Great American Insurance Groups roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.
  • The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio.

Great American Insurance Group Announces the Promotion of Michael B. Mulvey to Divisional President within Great American’s Property & Casualty Group

Retrieved on: 
Wednesday, May 18, 2022

Great American Insurance Group today announced the promotion of Michael (Mike) B. Mulvey to Divisional President within its FCIA Trade Credit & Political Risk Division.

Key Points: 
  • Great American Insurance Group today announced the promotion of Michael (Mike) B. Mulvey to Divisional President within its FCIA Trade Credit & Political Risk Division.
  • FCIA underwrites and services the Trade Credit & Political Risk Insurance Policies of Great American Insurance Company and has been part of the Great American Insurance Group since 1991.
  • Great American Insurance Groups roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.
  • The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio.

Willis Towers Watson launches new Risk & Analytics model for Trade Credit

Retrieved on: 
Tuesday, December 21, 2021

LONDON, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ:WLTW), today announced that it has launched a new Risk and Analytics model for the trade credit market.

Key Points: 
  • LONDON, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ:WLTW), today announced that it has launched a new Risk and Analytics model for the trade credit market.
  • Our model helps organisations to understand further how Trade Credit insurance can be viewed as a viable risk transfer vehicle for capital substitution.
  • Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth.
  • With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets.

LiquidX Named Finalist for Singapore Global FinTech Awards 2021

Retrieved on: 
Wednesday, November 3, 2021

NEW YORK, Nov. 02, 2021 (GLOBE NEWSWIRE) -- The Monetary Authority of Singapore (MAS) has named LiquidX Insurance Services (Singapore) Pte.

Key Points: 
  • NEW YORK, Nov. 02, 2021 (GLOBE NEWSWIRE) -- The Monetary Authority of Singapore (MAS) has named LiquidX Insurance Services (Singapore) Pte.
  • Ltd. a finalist for the Singapore FinTech Festival (SFF) Global FinTech Awards 2021 in the Singapore Financial Institution category.
  • The awards are a highlight of the annual festival, which takes place November 8-12, 2021.
  • Winners of the Singapore FinTech Festival Global FinTech Awards 2021 will be announced November 11.

Coface Singapore – First Insurer in Asia-Pacific to Join the LiquidX Digital Trade Credit Insurance Platform

Retrieved on: 
Tuesday, August 3, 2021

The majority of trade credit insurance carriers in the U.S., representing 80% of market premium, are active on LiquidX 360 platform.

Key Points: 
  • The majority of trade credit insurance carriers in the U.S., representing 80% of market premium, are active on LiquidX 360 platform.
  • Todd Lynady, Global Head of Insurance at LiquidX, added, Trade Credit Insurance is in great demand and highly valued by companies in Asia Pacific.
  • We are very happy to welcome Coface Singapore as the first insurance carrier to join the platform in the region.
  • As an integral part of providing trade credit insurance solutions, Coface Singapore branch also provides assessments on credit risk of trade counterparties of their policyholders.

Best's Market Segment Report: As Government Backstops End, Trade Credit Insurers are Well-Prepared

Retrieved on: 
Monday, July 12, 2021

A number of European government backstop schemes, put in place to ensure the availability of trade credit insurance during the COVID-19 pandemic, expired at the end of June, 2021.

Key Points: 
  • A number of European government backstop schemes, put in place to ensure the availability of trade credit insurance during the COVID-19 pandemic, expired at the end of June, 2021.
  • A new Bests Market Segment Report, entitled As Government Backstops End, Trade Credit Insurers are Well-Prepared examines the impact the schemes had on commercial trade credit insurers, and assesses the road ahead for the carriers.
  • The report finds that Europes trade credit insurers have generally weathered the pandemic much better than expected but notes that a surge in insolvencies linked to COVID-19 factors remains a threat, even as the main schemes are discontinued.
  • AM Best believes that trade credit insurers are well placed to manage this future uncertainty.

Coface North America Debuts Hybrid Credit Insurance Offer: Cover+

Retrieved on: 
Monday, June 7, 2021

Princeton, NJ, June 07, 2021 (GLOBE NEWSWIRE) -- June 7, 2021 (GLOBE NEWSWIRE) --

Key Points: 
  • Princeton, NJ, June 07, 2021 (GLOBE NEWSWIRE) -- June 7, 2021 (GLOBE NEWSWIRE) --
    Coface North America is pleased to announce the launch of a new trade credit insurance offering.
  • Cover+ pairs non-cancellable credit limits for their most critical accounts with traditional trade credit insurance for the remainder of their portfolio.
  • Coface trade credit insurance protects businesses from bad debt losses due to customer slow payment and default.
  • Alexa Dankowski, Coface North America Insurance Company, [email protected], +1 (609) 240-1568