Pol risk, credit & surety
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Available reinsurance capital could shrink in the line, which does not exclude pandemics, the broker notes.
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Within specialty, political risk is the sole line tipped for increased premiums. -
The ABI has submitted a proposal to ministers designed to keep the market open.
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The business will be integrated into Credit Risk Solutions, which was acquired in 2017.
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The ratings agency maintains a stable outlook for rivals Euler Hermes and ICIC.
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Enforced pay-outs for pandemic losses risk carrier insolvencies but certain compromises look politic.
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The trade credit insurer experienced fewer large claims last year.
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Loeiz Limon-Duparcmeur replaces Chantal Schumacher, who moves to a role at parent Allianz.
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The reclassification of the mutual places the terror cover backstop’s future operational and financial independence in doubt.
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Capacity in the credit and political risk insurance market has neared record levels in 2020, the broker said.
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The trade credit InsurTech aims to insure around 20,000 businesses by the end of the year.
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Brit underwriter Tom Gardner joins former Nexus divisional head James Steele-Perkins at the Lloyd’s business.
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