Trade Credit Insurance – Multibuyer
Trade Credit Insurance is underwritten on a portfolio basis for one business or financial institution with multiple commercial account debtors. This approach can be beneficial to manage credit exposure for a robust portfolio of assets and share a designated percentage of the portfolio default risk with the insurer for greater capital efficiencies and balance sheet protection.
Our highly experienced Trade Credit team is active in insuring bank-to-bank obligations, allowing the insured financial institution to increase its exposure to acceptable banks. Coverage is available for both short- and medium-term tenors.
Through our U.S. admitted Credit Insurance platform and strategic partnership with the Nexus Group, we can address a full range of credit risks in North America, as well as risk-based eligible domiciles with a focus on G-7 located exposures. To learn more, contact David Wright at DWright@cfinsint.com.
Latest News
Navitas Assurance Partners Announces Collaboration with Crum & Forster and Great American Insurance Company to Deliver Trade Credit Insurance Capacity to the Energy Market
HOUSTON–(BUSINESS WIRE)–Navitas Assurance Partners, a specialty managing general underwriter, has entered into a relationship with Crum & Forster’s Credit Division and Great American Insurance Company’s FCIA Trade Credit & Political Risk Division to provide highly rated trade credit insurance capacity to the North American energy markets. Read the press release
Contact
David Wright
Head of International Credit & Political Risk, Nexus C&F
Nexus C&F
DWright@cfinsint.com
Ranjini Pillay
Senior Vice President
Credit & Alternative Risk Solutions
Ranjini.Pillay@cfins.com
Services & Solutions
Credit Single Situation
Mortgage Risk
Significant Risk Transfer
Alternative Risk Solutions
Political Risk
Managing Claims
Trade Credit Financing Strategies
Financial institutions may leverage Trade Credit financing strategies, including, but not limited to, the confirmation and refinancing of letters of credit, bilateral trade loans, participation in international syndications and prepayment of export financing.
Trade Credit Insurance can be underwritten on private obligors, as well as public sector sovereign and non-sovereign entities.
For additional information, contact David Wright at DWright@cfinsint.com.
Nexus C&F Strategic Partnership
The Nexus Group has a strategic partnership and deep relationship with Crum & Forster. This enables us to provide coverage for credit/political risks through Nexus C&F, serving insureds domiciled principally in the U.K. or European economic region and an MGA affiliation for multibuyer trade credit in both the U.S. and global markets. Through our partnership, Nexus C&F offers insurance policies that are typically underwritten on Nexus Group’s London-based European platforms.
Nexus C&F’s International Credit and Political Risk unit offers a full suite of insurance solutions via a binding authority writing on behalf of Hamilton Insurance DAC, whose business is reinsured 100% by U.S. Fire Insurance Company.
Nexus C&F benefits from Nexus Group’s extensive global platform infrastructure, corporate oversight and multinational relationships.
About the Nexus Group
The Nexus Group is the largest independent international specialty Managing General Agent (MGA) in the London market.
In 2020, Nexus employed over 300 professionals in nine countries, underwriting over £320 million of gross written premium in more than 15 specialty classes of business.
At the Nexus Group, perceptive underwriting is key, driven by an experienced team with dedicated expertise in specialty business classes.
To learn more about the Nexus Group and Nexus C&F, contact David Wright at DWright@cfinsint.com.
Credit & Alternative Risk Solutions
C&F’s Credit Division offers an array of credit insurance and risk finance products for U.S. and international clients. Specialty solutions include Credit Single Situation, Trade Credit Multibuyer, Mortgage Risk, Significant Risk Transfer (SRT), Alternative Risk Solutions and Political Risk Insurance.
Claim Services
Crum & Forster Credit Division manages claims on a case-by-case basis, recognizing the distinct characteristics of the underlying risk and the tailor-made policy wording.