Industry Segments: Trade Credit Page 4 / 6
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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.
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- March 23 2021
Credit Suisse flags Marsh role in Greensill collapse: report
FT highlights phone calls between bank and broker where no "red flags" were raised.
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- March 17 2021
Euler Hermes appoints Shan Aboo as Asean CEO
The regional director will relocate from Hong Kong to Singapore to take up the role.
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- March 11 2021
Asia’s low profile trade credit market to soothe Greensill shock
Tokio Marine insists exposure is manageable amid shareholder concerns.
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- March 9 2021
IAG sale of BCC in spotlight amid Greensill collapse
Australian insurer says it sold stake in trade credit player to Tokio Marine before the disputed policies were written.
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- March 8 2021
Greensill Capital: BCC underwriter ‘exceeded authority’
Court documents seen by IAN put the spotlight on two trade credit policies issued by the Tokio Marine subsidiary.
