Industry Segments: Trade Credit Page 3 / 5
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- August 19 2022
Credit Suisse arm files 18 Greensill-related claims totalling US$2.2bn
The asset manager has filed claims for "all insurable losses", according to document reviewed by IAN.
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- July 12 2022
APAC free trade pact could boost premiums by US$29bn
With 16 countries involved, RCEP will increase demand across lines including marine, trade credit and engineering.
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- July 6 2022
Asia trade credit hardening triggered by insolvency risk
Rising interest rates and reduction of Covid support heighten threat, but market players confident on growth.
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- June 20 2022
Markel ramps up multi-buyer trade credit in Asia
The carrier says that as a specialist player it can offer greater flexibility in its products.
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- April 14 2022
Insurers face rising non-payment risk in China
Ukraine crisis, high commodity prices, rising interest rates and the latest surge in Covid-19 cases are all factors.
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- January 17 2022
Credit Suisse files claims with US$1.17bn exposure related to Greensill
The five claims are revealed as the bank tries to recoup more money after the supply chain financier's collapse.
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- October 15 2021
Asia’s political risk market adapts to Zurich exit
The Swiss insurer is no longer a major market player and capacity in unlikely to be affected, but talent could leave.
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- October 11 2021
Trade credit claims to spike in 2022
Withdrawal of support for businesses predicted to fuel 18% spike in insolvencies.
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- September 30 2021
India to list state-owned export credit insurer in 2022
New Delhi earmarks INR44bn cash injection over five years to increase ECGC's underwriting capacity.
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- September 17 2021
End of Covid stimulus threatens trade credit market
Low claims environment expected to reverse as pandemic relief measures unwind.
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- July 9 2021
Hong Kong’s trade credit insurer sees claims fall US$64m
The government body posted an underwriting profit of US$3m.
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- July 1 2021
LiquidX gets Singapore brokerage licence
The trade credit fintech has been given the greenlight from the MAS to set up shop.
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- June 25 2021
Asia’s rising trade credit claims to be offset by growth
Insolvencies are up but an economic recovery should benefit insurers.
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- June 16 2021
Credit Suisse prepares Greensill claims–report
A Tokio Marine subsidiary provided the trade credit insurance for the bankrupt supply chain finance firm.
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- May 25 2021
Euler Hermes appoints new APAC CEO
Company veteran Paul Flanagan to begin on July 1 as Holger Schäfer handed new role at the global trade credit player.
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- April 15 2021
Trade credit insurers brace for insolvency uptick
2021 expected to bring a sharp rise in bankruptcies as fiscal support measures end.
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- April 12 2021
India publishes proposed trade credit insurance guidelines
IRDAI move comes after the collapse of Greensill Capital last month.
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- March 30 2021
Ever Given: wider marine insurance market to see limited impact
AGCS expert tells IAN it is still too early to predict overall losses.
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- March 26 2021
Marsh complaint unlikely to hold water in Greensill saga
Directors at Credit Suisse are reported to have said that the broker didn’t wave any "red flags" about cover.
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- March 26 2021
Container ship stuck in Suez Canal to trigger ‘large losses’
Insurers could be on the hook for salvage bill and liability claims from the stricken Ever Given, experts tell IAN.
