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Underwriter Euler American Credit Indemnity has notified policyholders it will no longer insure their accounts receivable on business done with beleaguered U.S. Foodservice Inc., people familiar with the matter said. U.S. Foodservice is a unit of Ahold NV, a large...
#insurance#receivables#risk
Standard & Poor's Ratings Services said today it lowered to 'BB+' from 'BBB' its long-term counter party credit and insurer…
#DEC#insurance#management
Commercio e Finanza Leasing e Factoring SpA (CFLF), which is headquartered in Naples, is raising Ђ241.8 m through the planned…
#cash-flow#guarantee#insurance
Hermes Kreditversicherungs-AG, the German insurance group, has dealt a blow to Spar, the retail group, by increasing the deductible contribution…
#insurance#Paid
Majority shareholder Rolf Gerling and substantial shareholder Deutsche Bank are planning to sell their shares in the Gerling group. However,…
#bank#Deutsche Bank#insurance
Banco Espirito Santo Overseas Ld has published results showing consolidated net profit reaching Euro 222.1m, which corresponds to an increase…
#insurance#international#international factoring
Recent changes to the Companies Act could reduce the chances of creditors getting paid when debtors go into liquidation, Credit…
#guarantee#insurance#Paid
Guatemala's government is drafting legislation that would provide a new regulatory framework for the insurance industry, an official from the…
#Bill#insurance#investments
First Quantum Minerals Ltd. has signed a mandate and indicative term sheet with Standard Bank Group and WestLB AG as…
#bank#debt facility#export credit insurance
Gerling Group said it has reached a deal to divest its reinsurance operations to a consortium headed by a former…
#insurance#reinsurance#risks
Philippe Zamaron, vice-chairman of the board of management at Eurofactor in France spoke to BCR to explain why Eurofactor has…
#insurance#interest rates#management
The European Commission said it cleared under EU merger regulation the acquisition by Natexis Banques Populaires of control of Compagnie…
#acquisition#European Commission#insurance
GE Capital Commercial Services, a leading provider of financing solutions for primarily non-investment grade companies, has sent a commitment letter…
#commercial finance#financial services#insurance