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Coface UK warns steel industry of looming credit risk

A warning of trade traps erupting from the surge in steel prices has come from Coface UK, a subsidiary of the French-based international credit insurance group. Market volatility could squeeze some traders and companies supplying materials to China and other...

#credit risk#insurance#international

China’s EXIC steps in with US$29m credit insurance for...

China’s Export-Credit Insurance Corporation (EXIC) will provide US$29m in credit insurance, which will cover the financing of a soda plant…

#3M#insurance#investment


Bank of Maharashtra eyes factoring business

The Bank of Maharashtra is set to enter the factoring and forfeiting segment, which is a new concept in India,…

#bank#insurance#international


Coface to cover Ђ100m French-Russian credit line

Coface, the credit insurer, has said it will insure a Ђ100m credit line for the financing of French exports to…

#bank#exports#guarantee


Factor seeks partnership with bank giant

Turkey Economy Bank (TEB) Financial Investments Inc., the private banking, factoring, leasing and investment group, announced yesterday that it is…

#bank#economy#insurance


Credit insurer refunds $6.5m to overcharged customers

Assurant Group companies have agreed to return about $6.5 million for charging what Maryland's insurance commissioner calls excessive rates for…

#compliance#insurance#Paid


Credit insurance market under performing

Chile's first quarter credit insurance sales reached 928.5m pesos (US$1.4m), an 18.2% increase over the 785.6m pesos posted in the…

#insurance#management#receivables


Credit insurer Euler Hermes' outlook revised

Standard & Poor's Ratings Service has revised Euler Hermes’ outlook on the core operating entities of the Euler Hermes Group…

#guarantees#insolvencies#insurance


British and Austrian banks and insurers to open affiliates...

Seven banks and insurance companies have expressed interest in opening an affiliate company in Latvia. The companies comprise three from…

#bank#banks#insurance


Fuel distributors to get credit insurance functionality online

John Reynolds, a UK provider of credit insurance services to commercial fuel distributors, has teamed up with BigOil.net, a specialist…

#insurance#management


Coface snaps up Australian credit insurance business

Coface, the credit management and insurance group, has bought the credit insurance business of Australian underwriting agency, Dexta. Dexta Corporation…

#3M#insurance#management


Trade credit insurance; the best defence against company identity...

IT Partnerships (ITP), a value added reseller (VAR)* of computer equipment, has warned that credit insurance is the best defence…

#insurance#software#trade

NIKoil at forefront of banking consolidation

Consolidation among Russia's biggest banking institutions is starting to take place as bankers realise that organic expansion will not provide…

#acquisition#bank#banks

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