Uncertainty abounds in the global economy, as equity markets disappoint, trade disputes proliferate and fears of war overwhelm. What kind of business can thrive in such a stew? Trade-credit insurance, says a veteran practitioner.
Peter Aitken, a vice president with Chubb Corp. and co-manager of Chubb's Trade Credit Insurance Group, said Chubb's recent expansion of its trade-credit business into Canada is a response to increasing demand for cover "It's our first expansion beyond our US base," he said. "And we are rolling out the product in the European market, as well."
