Trade credit insurance

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The trade credit team offers expert knowledge of commercial counterparty and country risks across a wide variety of trade sectors. We provide global solutions for clients and can tailor policies for specific credit risks, markets, and contingencies.

Product information

Insured risks:

  • Insolvency
  • Payment default
  • Public buyer default
  • Currency inconvertibility
  • Government action
  • Import/export license cancellation, embargo
  • War
  • Failure to honor an arbitration award
    • Supplier default

Products:

  • Commercial perils
  • Export comprehensive
  • Supply chain financing: receivables and payables discounting
  • Trade finance policies
  • Trade receivable securitization programs
  • Pre-credit/work in progress
  • Syndicated co-insurance solutions

Coverage benefits:

  • Security of non-cancellable credit and country limits
  • Balance sheet and cash flow protection
  • Improved terms for bank financing facilities
  • An effective alternative to letters of credit or other types of collateral
  • Reduced need for bad debt reserves
  • Increased potential for sales growth to new and existing buyers because credit is based on a firm foundation
  • Risk transfer to satisfy capital adequacy

Policy structures:

  • Multi-buyer (excess of loss and ground up)
  • Named (key account)
  • Single buyer
  • Non-cancellable credit and country limits

Per obligor capacity and tenor:

  • $120m/60 months


Product sheet

Trade credit leadership

Phil Amlot
Underwriting Manager
646-929-5620
pamlot@markelcorp.com

Markel Global Insurance underwriting contacts

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Trade credit offices

  • New York

View all Markel office locations