The John Reynolds Group Ltd, one of the UK’s oldest and leading independent specialist credit insurance brokers, has launched the Petroleum Distributors Intelligence Unit (PDIU)
Paul Martin, director at John Reynolds Insurance Brokers specialises in trade credit insurance for the oil industry, said, “As brokers to the oil industry with majority market share, we are centrally receiving a lot of information about debtors defaulting on payment. There have been a number of key cases where the same debtor moved from supplier to supplier, not paying the last, many of which were our clients.
