All material subject to strictly enforced copyright laws. © 2021 Insurance Insider is part of Euromoney Institutional Investor PLC.
Accessibility | Terms & Conditions | Privacy Policy | Modern Slavery Act | Cookies | Subscription Terms & Conditions

SVB grows with trade credit buy

Lloyd’s insurer SVB announced today (22 March) that it has bought the business of trade credit insurer Credit Indemnity & Financial Services Ltd (CIFS).

CIFS was set up by Aon in 1999 to underwrite business on behalf of several Lloyd’s syndicates, including SVB Syndicate 1007. CIFS is expected to write £10mn premiums in 2004.

SVB chief executive Matthew Fosh said: “SVB has been involved with CIFS since its formation and its acquisition represents a further stage in the development of our distribution initiatives.

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree