Buyers and sellers often use credit to facilitate trade, particularly in today’s global marketplace. But although credit keeps the business world turning, it is not without risk for sellers. If a trade counterparty becomes insolvent or defaults on payment for other reasons, it can have a critical impact on the balance sheet of the supplier. 

Which is why trade credit insurance is vital for building commercial confidence and security. Our trade credit  division provides expert knowledge of commercial counterparty and country risk across a wide range of countries and trade sectors. The team can provide global solutions as well as tailor policies for specific credit risks, markets and contingencies. 

The key benefits for clients include balance sheet/cash flow protection; improved terms for bank financing facilities; an effective alternative to letters of credit or other types of collateral; reduced need for bad debt reserves; increased potential for sales growth to new and existing buyers because credit is based on a firm foundation; and risk transfer to satisfy capital adequacy requirements.

Policies are structured to provide certainty of cover and are underwritten with the aim of forming long-term partnerships with clients.