​Welcome to the December 2025 issue of Credit Insurance News Digest. Our sponsor this month is Atradius Credit Specialties.
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Index
About this month's sponsor: Atradius Credit Specialties​​​
Credit Insurance News​
How procyclicality affects trade credit insurance during economic downturns. A new Morningstar DBRS report comments on the resilience of the trade credit insurance sector, noting that, even amid the recent global pandemic, slowing international trade and rising insolvencies, leading insurers have maintained profitability and supported corporate liquidity. However, the report also warns that the environment is changing, with protectionist policies and deglobalisation increasing the likelihood that trade credit insurance losses will rise in the next cycle. As a result, the research expects trade credit insurers' overall credit profile to remain stable in 2025 and the first half of 2026, but sees downside risks building toward late 2026, when slower trade growth and rising insolvencies could test underwriting resilience. To read Morningstar DBRS's report, go to https://dbrs.morningstar.com/research/467743/when-trade-flows-falter-how-procyclicality-affects-trade-credit-insurance-during-economic-downturns?.
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Exploring trade credit insurance in response to increasing tariff risk. Risk Management has published an article highlighting that, although only around 15% of global trade is currently insured, changing tariffs are increasing the demand for trade credit insurance. The market, projected to reach $13.3 billion in 2025, is in a prolonged soft phase, with strong capacity, competitive pricing, and multiple carriers actively competing alongside Allianz Trade, Coface and Atradius. While rising US tariffs, including a 35% levy on Canadian goods, may lift losses and eventually harden terms, for now brokers say conditions remain favourable for buyers. Jerry Paulson, Senior Vice President in HUB International's complex risk practice, Marc Wagman, Managing Director of Gallagher, Sam Rodda, Client Manager at Lockton Australia, and Sarah Murrow, President and CEO of Allianz Trade Americas, are among those quoted. To read Risk Management's article, go to https://www.rmmagazine.com/articles/article/2025/11/11/exploring-trade-credit-insurance-in-response-to-increasing-tariff-risk?.
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Trade Credit Insurance: Strengthening resilience amid tariff pressures. In the latest ICISA Insider, Kathleen Koh, Managing Director of Peak Re, explores how global trade tensions and economic uncertainty are influencing the trade credit insurance sector. She notes that, while the direct impact of tariffs on claims remains limited, underlying shifts in trade volumes, liquidity, and debtor quality are placing new pressures on policyholders—and by extension, their insurers. Yet, the trade credit insurance market has consistently demonstrated resilience and, from the 2008 financial crisis to the US/China trade war and COVID-19, has evolved into a more agile, data-driven industry. Between 2019 and 2023, global premiums grew at an "impressive" compound annual rate of 14%, highlighting rising demand for credit protection. Looking ahead, Kathleen notes that almost 60% of credit insurers plan to expand capacity. To read ICISA's article, go to https://icisa.org/news/insider_november_2025/.
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Trade credit insurance reaches record £3 trillion exposure. Trade credit insurance exposure has climbed to a record high of around £3.07 trillion (€3.5 trillion) in 2024, according to a new report from Morningstar DBRS. Insurance Times notes that this expansion has been underpinned by a substantial buffer of reinsurance capital (some $660 billion (£504 billion) in the first half of 2025, based on figures from Gallagher Re), which has enabled insurers to sustain extensive trade credit cover. However, Morningstar DBRS warns that a major economic downturn could see this reinsurance capacity rapidly curtailed, pushing additional risk back onto primary insurers' balance sheets at precisely the moment when claims pressures are likely to rise. To read Insurance Times' article, go to https://www.insurancetimes.co.uk/news/trade-credit-insurance-reaches-record-3tn-exposure/1457050.article.
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ICISA committee assesses challenges and opportunities in the Benelux Trade Credit Market. As part of the ICISA Autumn Meetings in Antwerp, the Credit Insurance Committee recently discussed the state of the Benelux trade credit insurance market. In ICISA Insider, Thomas Meyer, Senior Underwriter at Hannover Re, advises that the discussion began with an overview of the broader geopolitical and economic context in Belgium, the Netherlands, and Luxembourg, with an assessment that the prevailing risk scenario (which foresees more downsides than upsides) poses a significant challenge for the trade credit insurance market. He notes that, although premiums and market shares in the Benelux are not officially known, it is estimated that the total market premium stands at €400-450 million, with approximately 60% generated in the Netherlands and 40% in Belgium. To read ICISA's article, go to https://icisa.org/news/insider_november_2025/.
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Unity Trade Credit begins underwriting for Australian SMEs. Insurance Business has reported that Unity Trade Credit has launched as an underwriting agency in Australia, specialising in the SME trade credit insurance market. Part of the Steadfast Group and backed by Markel through Lloyd's, the agency is led by Managing Director Uta Lucky, with Andrew Donnelly as Commercial Underwriting Manager. Steadfast Underwriting Agencies CEO, Mark Senkevics, welcomed the addition of Unity Trade Credit to the group's portfolio, noting that it reinforces Steadfast's commitment to the specialty insurance sector "at a time when trade credit protection is increasingly important amid tightening credit conditions and rising insolvency risks." To read Insurance Business' article, go to https://www.insurancebusinessmag.com/au/news/sme/unity-trade-credit-begins-underwriting-for-australian-sme-insurance-557114.aspx.
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Great American Insurance Company to offer trade credit insurance in Canada. Insurance Business has reported that Great American Insurance Company, Canadian Branch, a specialty property and casualty insurer, has announced it has obtained licenses to write trade credit insurance in six Canadian provinces: Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, and Saskatchewan. This expands Great American Insurance Company and its affiliates' footprint in trade credit insurance from the US and Europe to Canada. Great American has been underwriting trade credit insurance through one of its US affiliates since 1962. To read Insurance Business' article, go to https://www.insurancebusinessmag.com/ca/news/industry-news/great-american-insurance-company-offers-credit-insurance-in-canada-78830.aspx.
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Why trade credit insurance adoption is relatively low in professional services. Marsh Commercial's article, How Trade Credit Insurance Fuels Growth & Stability in Professional Services, notes that only 62% of UK professional services firms hold trade credit insurance, compared with 80% in manufacturing, 70% in life sciences, and 66% in technology. Low uptake is mainly due to limited awareness (44% of professional services firms are only "somewhat familiar" with credit insurance) and a tendency to prioritise funding facilities, the loans obtained by using trade debtors (outstanding customer invoices) as collateral, instead of insurance. The article explains that trade credit policies can support growth by allowing firms to extend credit more confidently, improve access to finance, outsource costly debt collection and benefit from insurers' credit assessments. Marsh argues that, in today's environment, trade credit insurance has become a key tool for stability and expansion in professional services. To read Marsh's article, go to https://www.marshcommercial.co.uk/articles/trade-credit-insurance-professional-services-growth.html.
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Partners& expands capability with trade credit insurance broker acquisition. Partners& has announced the acquisition of two businesses: Avenue Insurance Partners, a specialist trade credit and surety bond broker, and Ko-bolt International, a B2B debt recovery business. The Avenue and Ko-bolt teams, both managed by Shaun Purrington, were formerly part of Tavistock Group. The business will be led from the new Partners& South-West hub office in Bristol. Shaun Purrington, Managing Director of Avenue, commented: "It's been a privilege to lead Avenue from start-up through to a market leader, with the backing of Tavistock Group, and the support of our colleagues, clients, introducers and insurer partners, who have contributed to our success. I'm delighted that we can now continue our journey as part of the Partners& team and benefit from the additional expertise and commercial reach to support our clients and deliver continued growth." To read Partners&'s news release, go to https://www.partnersand.com/resources/partners-expands-capability-with-trade-credit-acquisition/.​​​​
Atradius launches a free tool to help UK SMEs assess their financial resilience. According to the latest Atradius Resilience Gap Report, business risks have eaten into UK SMEs' emergency cash reserves, reducing them by 76% over the past year. Atradius’ Business Resilience Calculator is a free online tool that helps UK businesses assess how prepared they are for disruption and financial shocks. Using a resilience score, it compares a firm's current protection (such as liquidity and emergency reserves) with the level of protection estimated to be needed if conditions worsen. The calculator is designed to highlight any "resilience gap", showing where a business may be more exposed than expected. It also offers suggestions and resources to help users strengthen their financial resilience and make more informed decisions about risk management, investment and growth. For more information, go to https://atradius.co.uk/digital-solutions/resilience-gap-calculator.
Coface exploits data to foresee corporate failures. The Financial Times has reported that Coface is repositioning itself as a data-driven business intelligence provider in response to rising global insolvencies and "polycrisis" conditions. Historically focused on insuring non-payment risk, Coface now uses detailed supply-chain and payment data to spot early signs of corporate distress, then cuts exposure or advises clients to reduce limits. The article adds that, although data services still account for only a small share of revenue, this area is growing much faster than traditional insurance income. To read the FT's article, go to https://www.ft.com/content/c33d04fc-01cb-4a4c-88a8-e2d7056dd0c9. © THE FINANCIAL TIMES LTD 2025.
AU Group strengthens its international presence with the acquisition of GA Risk Capital's business. AU Group has strengthened its international presence through the acquisition of GA Risk Capital's business in Mexico and the appointment of Gregorio Alcasena as head of its new local subsidiary (see New Appointments). The opening of AU Group Mexico marks a key milestone for the company, supporting its expansion in a high-potential market. AU Group is already present in 50 countries. To read AU Group's news release, go to https://au-group.com/en/our-news/press-release-new-subsidiary-au-group-mexico-and-appointment-gregorio-alcasena.
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A new AI-based tool has been launched for trade credit insurance analysis. TradeRisk.ai, an independent company, has launched an AI-based platform for trade credit insurance analysis that provides structured, explainable responses on policy terms, coverage structures, insurer appetite, credit limits, premium indications and claim processes. The system accepts policy wordings, buyer lists and company financials, then answers questions, highlights key clauses and explains exclusions, waiting periods, deductibles and discretionary limits. Users can review whole-turnover and single-risk structures, view indicative premium and indemnity ranges, and assess how terms may affect coverage, cash flow and working capital. A pre-screen mode allows users to upload portfolios and simulate potential policy structures for different insurers or markets. TradeRisk.ai notes that it draws on twenty-five years of trade credit insurance outcomes, which are applied to specific policy and buyer questions. For more information, go to https://traderisk.ai/.
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Global insolvencies are "rising fast". Allianz Trade's latest Global Insolvency Outlook report reveals "perhaps the strongest warning that world trade has entered a prolonged period of volatility: global business insolvencies are rising fast." Allianz Trade forecasts that global insolvencies will rise by 6% in 2025, and by a further 5% in 2026. Next year will mark five consecutive years of increases, reaching a record high in bankruptcies, 24% higher than pre-pandemic levels. Export-reliant economies could see the sharpest increases in insolvencies. In real terms, France could see an additional 6,000 insolvent companies by the end of 2025, Spain nearly 3,000, and Canada almost 2,000. In 2026, the bulk of global increase in insolvencies is likely to come from the US and China, where insolvencies are expected to rise by 8% and 10%, respectively. To read Allianz Trade's news release, go to https://www.allianz-trade.com/en_global/news-insights/business-tips-and-trade-advice/global-trade-in-2026-navigating-volatility.html​.​
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How XoL structures are reshaping trade credit insurance for large corporates. Global Trade Review (GTR) has published an article in which Joep van der Bijl, Lead Underwriter, Multi-buyer Trade Credit, Continental Europe at Liberty Specialty Markets, discusses Excess of Loss (XoL) trade credit insurance solutions and explains how XoL structures are reshaping trade credit insurance for large corporates. The article notes that traditional whole-turnover policies often lead to "the riskiest portion of the portfolio remaining uninsured" and can be costly for companies with strong in-house credit control and a higher risk appetite. XoL programmes, in contrast, focus on high-severity losses, with corporates managing their own credit risk. The piece highlights growing demand for bespoke, multi-buyer XoL solutions that can support concentrated or challenging markets, with Liberty Specialty Markets arguing that such structures turn trade credit insurance into a strategic growth tool. To read GTR's article, go to https://www.gtreview.com/supplements/gtr-risk-2025/beyond-blanket-coverage-rede%EF%AC%81ning-trade-credit-insurance-with-xol/.
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Electronic signatures in the EU: Legal certainty meets market reality for trade credit insurance and surety. ICISA has published an article examining how electronic signatures are changing the way trade credit insurance operates in the EU. Legally, e-signatures (especially "qualified" electronic signatures under eIDAS) should be just as valid as a handwritten signature on a policy or endorsement. For credit insurers, this should mean faster policy issuance, easier limit changes and smoother cross-border deals. In practice, however, things are more complex. Some banks, clients and public bodies still insist on wet-ink signatures or do not fully trust electronic ones, which creates delays and extra paperwork. ICISA argues that better awareness, clearer rules and more consistent acceptance of e-signatures are essential to truly digitalise trade credit insurance and make day-to-day transactions quicker, cheaper and more reliable. To read ICISA's article, go to https://icisa.org/news/electronic-signatures-in-the-eu-legal-certainty-meets-market-reality-for-trade-credit-insurance-and-surety/.​​​
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Fast-growing but exposed: Allianz Trade's 2025 outlook for Ireland. Allianz Trade's 2025 Ireland Economic Outlook describes an economy that remains one of Europe's strongest-performing, but increasingly exposed to global headwinds. The Central Bank of Ireland now forecasts real GDP growth of around 10.1% in 2025, easing to about 3.8% in 2026. Exceptional export growth to the US, especially in pharmaceuticals, has driven recent outperformance, helped by pre-tariff stockpiling. However, Ireland's open, multinational-led model leaves it vulnerable to softer global demand, US protectionism and higher effective tariff rates (which could approach 14% by the end of 2025). Allianz Trade also expects Ireland to see a 1% increase in insolvencies this year, followed by a 3% decline in 2026. Despite the improvement, insolvency risk at these levels would still be 9% and 5% higher than pre-pandemic levels, respectively. To read Allianz Trade's Outlook, go to https://www.allianz-trade.com/en_GB/insights/economic-research/2025-ireland-economic-outlook-resilience-amid-global-uncertainty.html.
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The evolution and challenges of the CPRI market. ICISA has released a new in-depth white paper, Evolution and challenges of the Credit and Political Risk Insurance (CPRI) market, which explores how CPRI has grown and changed, the major trends shaping its growth, and the key challenges insurers, banks, traders, multilaterals, and corporates are facing today. The white paper notes that more than eighty insurers and Lloyd's syndicates now operate in this market, with new players and MGAs adding competition and specialisation. Also, CPRI is no longer just for exporters and commodity traders; it is now widely used by banks, financial institutions, ECAs, and multilaterals, with insurers now offering more tailored covers, including structured credit, long-tenor project finance, and non-payment insurance. The paper highlights three main challenges: stricter banking regulation, slow and fragmented digitalisation, and rising geopolitical and macroeconomic uncertainty, which increases demand but makes underwriting more complex. To read ICISA's Whitepaper, go to https://icisa.org/news/icisa-publishes-new-whitepaper-on-the-evolution-and-challenges-of-the-cpri-market/.
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"Stagflation light", but Allianz Trade suggests that there are reasons to be cautiously optimistic about the state of the global economy. Allianz Trade's latest Economic Outlook report warns that global trade in 2026 is set to remain weak, with trade volume growth forecast to slow to just 0.6%, down from 2% in 2025, as higher tariffs and rising costs squeeze exporters — especially port-focused countries. Vietnam, Canada and Mexico could, in theory, see their 2026 GDP growth hit by -0.4 to -1.3% due to the latest tariff hikes announced by the US. The cost for the US is estimated at -0.4%. The Outlook also predicts global GDP growth edging down to 2.5% in 2026 from 2.7% in 2025, with inflation still elevated at 3.5%, a combination described as "stagflation light." But despite these conditions, Allianz Trade suggests there are reasons to be cautiously optimistic about the global economy. Growth is set to continue, albeit modestly, with little sign of a deepening crisis on the horizon. To read Allianz Trade's news release, go to https://www.allianz-trade.com/en_global/news-insights/business-tips-and-trade-advice/global-trade-in-2026-navigating-volatility.html.
When Black Friday Backfires: Why suppliers need trade credit insurance. Compare Credit Insurance's article, Why Black Friday Is Increasing Credit Risk for Suppliers and How Trade Credit Insurance Can Help, explains how Black Friday has become a cash-flow risk rather than a guaranteed boost for many suppliers. Despite the usual marketing buzz, weaker consumer confidence, tariff pressures and higher costs mean retailers are demanding significant discounts just as suppliers' margins are already under strain. For manufacturers and suppliers further up the chain, Black Friday can now drain working capital and increase exposure to buyer default and insolvency. The article argues that, in this environment, trade credit insurance plays an increasingly central role during the Black Friday period and the wider peak-season trading window. To read the article, go to https://comparecreditinsurance.co.uk/insights/black-friday-and-trade-credit-insurance/.
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UK Outlook: slower growth, sticky inflation and stubborn insolvencies. Allianz Trade's report, UK economic outlook: slower growth and rising headwinds, warns that, after a stronger-than-expected 2025, the UK faces a more challenging period ahead. Real GDP growth of +1.4% in 2025 is forecast to slow to +0.9% in 2026 before edging up to +1.2% in 2027, while UK inflation remains the highest in the G7 at around +3.4% in 2025, easing only gradually towards the 2% target by 2027. Global risks and rising protectionism are also weighing heavily, with a 45% chance of a global trade recession and a 20% probability each of an AI market correction or a sovereign debt crisis — factors likely to suppress investment and keep insolvencies high. UK insolvencies are expected to stabilise in 2025 but remain around 31% above pre-pandemic levels into 2026. To read Allianz Trade's report, go to https://www.allianz-trade.com/en_GB/insights/economic-research/uk-economic-outlook-slower-growth-and-rising-headwinds.html.
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VIDEO: Company Watch explains EY-Parthenon's Q3 Profit Warnings Report. Profit warnings, one of the clearest indicators of corporate stress, have remained steady in the UK in 2025, with EY-Parthenon's latest Q3 Profit Warnings Report recording 64 warnings in the quarter, showing that pressure remains widespread. What's different in this cycle is the shift in causes: most warnings now cite policy change and geopolitical uncertainty, with tariff disruption, broader instability, and weaker consumer confidence also acting as a drag on performance. In a new video, Company Watch CEO Craig Evans and EY-Parthenon analyst Kirsten Tompkins unpack the story behind these numbers and map EY-Parthenon's findings onto Company Watch risk signals, which are picking up the same rotation of pressure. EY-Parthenon provides the benchmark view of the listed market, while Company Watch data shows how those fault lines are developing across the broader economy, with distress detectable before it becomes visible through headlines. To watch the video, go to https://www.companywatch.net/video/company-watch-ey-parthenon-q3-profit-warnings-explained/.
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The latest edition of ICISA Insider is available on ICISA's website. This issue includes:
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Resilience: Insights from industry leaders Kathleen Koh (Peak Re) and Piergiorgio D'Ignazio (PartnerRe) on how the credit insurance industry is driving resilience and adapting to the evolving landscape.
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100 years of Atradius: A special feature celebrating Atradius' centenary, including a Member in the Spotlight interview with Marta Nodal Martín, who takes us through Atradius' journey and its impact on the credit insurance industry.
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Surety education & growth: A spotlight on the Panamerican Surety Association School, emphasising the importance of continuous learning in the surety business.
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Latin American surety market: Javier Ernesto Jácome de la Guardia (Active Re) explores the expanding opportunities in the Latin American surety market and the region's potential for further growth.
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New Member Spotlight: An interview with Julie Pottier from Export Development Canada | Exportation et développement Canada (EDC), highlighting their contributions to the credit insurance and surety sectors.
To read ICISA Insider, go to https://icisa.org/news/insider_november_2025/.
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Weaker global growth and US trade policy are dragging on the global automotive sector. Atradius' latest Industry Trends Automotive report (November 2025) warns that weaker global growth and US trade policy are dragging on the automotive sector's contribution to GDP. Global motor vehicle and parts production is forecast to grow by 1.6% in 2025, then contract by 1.2% in 2026, as new US import tariffs of 15% on major automotive trading partners take effect and raise production costs worldwide. Output is expected to fall in key economies, including the US (-4.5% in 2026), Mexico (-1.1% in 2026), South Korea (-6.3% in 2026) and Germany (-2.7%), while Europe as a whole remains "in troubled waters" with shrinking margins, higher credit risk and only a modest production rebound in 2026. The report also notes increasing payment delays and insolvencies in major markets. To read Atradius' news release, go to https://atradius.co.uk/knowledge-and-research/reports/industry-trends-automotive-november-2025.
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Business failures in the UK energy sector remain low in absolute terms but rose by 20% year-on-year in January-August 2025. Tokio Marine HCC’s UK Energy Sector Report 2025 warns that pressures are building beneath a still-muted insolvency rate. Fewer than 90 UK energy companies entered insolvency in England and Wales in 2024, compared with 23,877 insolvencies across all sectors, yet energy-sector failures increased by 20% in the first eight months of 2025 while overall figures stagnated. High industrial electricity prices (the highest in the IEA in 2023) and still-elevated gas costs are squeezing margins, while output in energy-intensive industries has fallen sharply to a 35-year low. The report also cites high-profile collapses, including the Prax Lindsey refinery and Petrofac, as evidence of elevated risk around the North Sea and related activities. To read Tokio Marine HCC's news release, go to https://www.tmhcc.com/en/news-and-articles/thought-leadership/uk-energy-sector-report-nov-2025.
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​​What Basel 4 gets wrong about private credit insurance. TXF has published an article that argues that Basel 4 treats short-term private credit insurance too harshly, undermining its role in global trade and development finance. The current Basel capital adequacy framework for commercial banks does not explicitly recognise credit insurance as an effective risk mitigation tool, which negatively affects private insurers in their operations. Under the current Basel capital framework, commercial bank loans covered by private credit risk insurance do not receive preferential treatment compared to exposures to ordinary corporates, even when policies provide comprehensive commercial and political risk cover. This makes banks less keen to use private short-term credit insurance, especially in emerging markets, and can reduce the amount of trade and project finance available. "It is time that Basel recognises the true strength of private credit insurance". To read TXF's article, go to https://txfnews.com/articles/7844/What-Basel-4-gets-wrong-about-private-credit-insurance.
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2025 Trade Credit Industry Dinner: Photos
The 2025 Trade Credit Industry Dinner, hosted this year by Coface at the Natural History Museum in London, brought together 480 guests from across the trade credit insurance community. The evening combined relaxed networking, great food and a lively atmosphere. Guests enjoyed an entertaining and insightful keynote speech from Mike Tindall.
Coface has captured the highlights of the night in a dedicated photo gallery, showcasing both the venue and the many faces of the market. To view Coface's complete photo gallery, visit https://mathiasfalconephotography.shootproof.com/gallery/coface/home.​​
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Congratulations
Atradius is celebrating 100 years in the Netherlands. Atradius is celebrating 100 years in the Netherlands. In addition to celebrating 100 years in the Netherlands, other parts of the group are also reaching major milestones – Germany (70 years), the US (30) and Crédito y Caución in Spain (95). Key moments in Atradius' history include serving as the Dutch export credit agency from 1932, early investment in mainframe technology and online credit limit tools, the merger with Gerling Credit, the Atradius rebrand, and joining GCO.
Congratulations to Atradius Collections and Company Watch on being nominated for multiple awards at the CICM British Credit Awards, which will be held at the Royal Lancaster on 5 February 2026:
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Atradius Collections is nominated for the award for Debt Collection Team of the Year.
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Atradius Collections is nominated for Global Credit Operations Team of the Year.
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Company Watch is nominated for Risk Management Team of the Year.
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Atradius and Company Watch have both been nominated for Supplier of the Year.
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Atradius and Company Watch have both been nominated for the Technology Development award.
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Congratulations to Sian Aspinall, Group CEO of BPL, who is nominated for the Lifetime Achievement Award at the National Insurance Awards 2026.
Congratulations to Coface UK & Ireland on being officially certified as a Great Place to Work®. 91% of its employees say Coface is a great place to work.​
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Congratulations to Atradius on being named 'Best Credit Insurance Company' at the Irish Credit Awards 2025 for the second year running.
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Congratulations to Credit Risk Brokers on winning the Award for 'Credit Insurance Brokers of the Year' at the Irish Credit Awards 2025.
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Congratulations to Allianz UK on receiving the Ecovadis Silver Medal, which recognises the company's commitment to sustainability and responsible business practices. Allianz achieved a score of 74/100, placing the organisation in the top 10% of all companies assessed globally.
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​​New Appointments
​Aon has appointed Gabriel Henderson as a Client Manager, based in London. Gabriel joined Aon earlier in 2025 as a Client Service Advisor, before being promoted to his new role in December. He previously spent nearly two years with Howden (formerly Aston Lark), progressing from Assistant Account Handler to Account Handler.
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Atradius has announced a series of promotions and new appointments:
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Vincent Knoll has joined Atradius as Global Account Manager. Based in Germany, Vincent moves from Heinr. Böker Baumwerk GmbH, where he spent more than six years, most recently as Head of Export.
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Laura Mills has been promoted to Head of Account Management (Midlands) at Atradius UK. Laura has been a Strategic Account Manager with Atradius since May 2022.
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Vincent Mordant has joined Atradius Collections in Belgium. He was previously with Allianz Trade BeLux, where he worked as a Business Manager.
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AU Group has appointed Gregorio Alcasena as General Manager of AU Group Mexico. Gregorio has over 12 years' experience in credit insurance, financing and risk management. He began his career in 2013 at Banco Comafi in Argentina before joining Coface in 2016, where he became Regional Head of Sales LATAM, overseeing several South American markets. In June 2024, he founded GA Risk Capital prior to taking up his new role
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Bondaval has appointed Ryan Wimberly as its new Managing Director, Americas, to lead its continued growth across the region. Based in Boston, Ryan will be responsible for expanding Bondaval's presence within the US and Canada. He joins Bondaval following fifteen years at Allianz Trade, where he held a variety of senior commercial and executive roles. Most recently, he held the position of SVP, Regional Head of Direct Sales, Bank, and Energy Distribution, responsible for Specialty and Sales functions within the business.
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Coface has appointed Sam Dhillon as a Business Development Manager, based in London. Sam joins Coface from Acrisure UK Broking, where he was Development Director, Trade Credit Insurance. He previously held roles with PIB Insurance Brokers and CMR Insurance Services.
Howden Insurance Brokers has appointed Joel Bick as a Business Development Manager within its International Trade Credit team, based in London. Joel joins Howden from Atradius UK, where he spent more than a year in business development roles, most recently as Senior Business Development Manager, covering mid-market, strategic, and multinational clients.
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TL Dallas has strengthened its senior leadership team with the appointment of Mark Whiteley as Head of Trade Credit. Mark joins following a strategic career spanning more than thirty years in the credit insurance and broking sector, including senior leadership roles at Xenia Broking. Mark previously played a key role in shaping Xenia's digital strategy and driving growth through enhanced business relationship management.​
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Xenia Broking has appointed Rio McFarlane as an Account Manager, based in Birmingham. Rio stepped into the role in November 2025 after progressing through Xenia's trade credit team, first as a Trainee Account Broker and then as an Account Broker.
Job Vacancies
Credit Insurance Client Executive
Salary up to £50,000.
Location: Portishead
Job ref: BH-157700
I’m working with a leading insurance group that is looking for an experienced Client Executive to join their Credit Insurance team in Bristol. This is a hybrid role, typically two days in the office, giving you flexibility while still being part of a collaborative and professional environment.
You’ll be stepping into a well-established team of four Client Executives, supported by a Business Support Administrator and overseen by an experienced Director. The team culture is mature and professional, with a strong focus on collaboration and client retention rather than high-pressure sales.
Responsibilities
The role involves managing an inherited portfolio of approximately 45 trade credit clients, many of
which are mid-sized businesses with complex needs. These accounts require a safe pair of hands: someone who can build strong relationships, provide expert advice, and ensure policies are managed accurately and efficiently. You’ll handle everything from policy inception and mid-term reviews to renewals and day-to-day queries. You’ll also negotiate terms with underwriters, prepare technical reports, and maintain compliance with regulatory standards.
The Ideal Candidate
The ideal candidate will have proven experience in credit insurance account management and a strong understanding of the product. You’ll need excellent attention to detail, the ability to manage a busy workload under pressure, and strong communication skills to engage with senior decision-makers. A proactive, client-focused approach is essential, along with confidence in handling complex negotiations.
This is a fantastic opportunity for someone who enjoys working in a close-knit team where quality service and long-term relationships are key priorities and needs a “safe pair of hands”.
Given the type of role, experience dealing with Trade Credit / Credit insurance risks is essential.
TO APPLY: For more information and to apply, please contact Mark Fancourt Mark.fancourt@ipsgroup.co.uk. Tel +44 121 616 6096.
PLEASE MENTION 'CREDIT INSURANCE NEWS' WHEN APPLYING.
Business Development Executive
Location: South East
Salary: Up to £70,000 plus uncapped commission
Job reference: BH-157707
​I’m working with a specialist insurance group that is looking for a Business Development Executive to join their Credit Insurance team and lead growth across the South East region. This is a hybrid role offering flexibility and autonomy, with the potential to earn up to £70,000 plus commission for the right candidate.
Responsibilities
This is a pure new business role where you’ll focus on generating high-value deals and building a strong pipeline. You’ll leverage your market knowledge and contacts to secure opportunities, attend networking events, and negotiate confidently with underwriters. You’ll also work closely with internal teams to ensure smooth onboarding and exceptional client service.
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The Ideal Candidate
The ideal candidate will have experience in trade credit insurance and a proven track record in B2B sales. However, we are also open to strong sales professionals from related industries such as banking, credit agencies, commercial finance, invoice discounting, factoring, and other financial services. If you understand credit risk and thrive in a consultative sales environment, this could be a great fit.
You’ll need excellent influencing and negotiation skills, strong commercial awareness, and the ability to manage competing priorities effectively. A hunter mentality is essential, along with the confidence to work independently and deliver results.
This is a fantastic opportunity for someone who wants to join a growing team that values ambition and success. If you’re ready to take ownership of your territory and maximise your earning potential.
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TO APPLY: For more information and to apply, please contact Mark Fancourt Mark.fancourt@ipsgroup.co.uk. Tel +44 121 616 6096.
PLEASE MENTION 'CREDIT INSURANCE NEWS' WHEN APPLYING.
Trade Credit Executive
Location: Manchester
Salary: £45,000-£65,000 per annum
Job reference: BH-157534
We are supporting a leading insurance broker with a strong reputation for delivering tailored solutions to businesses across the UK. Their Trade Credit team is a specialist division thas grown consistently year-on-year and are now looking to expand further.
We are seeking an experienced Trade Credit Executive to join the growing team. This is a key role for someone who thrives on building relationships, winning new business, and managing a portfolio of clients. You’ll have the autonomy to develop your network in the North while being supported by a dedicated servicing team. This is a predominantly new business focused role.
You will
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Manage a portfolio of clients, ensuring excellent service and retention.
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Drive new business growth through networking with introducers (funding brokers, accountants, business advisors, etc.).
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Work closely with the servicing team for day-to-day support on credit limits, overdue reporting, and claims.
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Contribute to the team’s growth strategy and help shape their presence.
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Attend client meetings and industry events to build visibility and generate leads.
You have
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Proven experience in Trade Credit Insurance.
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A proactive, sales-focused mindset with the ability to develop new business.
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Strong relationship-building skills and an established network in the region (ideal but not essential).
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Ability to work independently while collaborating with a wider team remotely.
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Comfortable with hybrid working, typically two days from home, three days in the office/client meetings.
Why Join Us?
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Competitive salary (£45k–£65k) plus bonus and benefits.
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Supportive team culture with clear progression opportunities.
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Hybrid working and flexibility to manage your diary.
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TO APPLY: For more information and to apply, please contact Andrew Sippitts andrew.sippitts@ipsgroup.co.uk or call 0121 616 6090.
PLEASE MENTION 'CREDIT INSURANCE NEWS' WHEN APPLYING.
Mid-Level Trade Credit Professional
Location: Redhill
Salary: Up to £50,000 plus bonus, plus benefits
Job ref: BH-157587
If you’re looking for a role that gives you the chance to step up and take on more responsibility, this Trade Credit opportunity could be the perfect next move. You’ll join a team that’s been growing consistently year after year and is now investing in its future with a structure designed to develop talent. This isn’t about being stuck in the background. You’ll be involved in client work, supported by experienced colleagues, and given the tools to progress into a senior position.
Responsilbilities
The role will include supporting senior Client Directors with day-to-day servicing, helping manage credit limits, overdue reporting, and claims, and getting involved in renewals and client contact. You’ll also have the chance to learn how new business is generated through introducer networks and internal referrals. Over time, you’ll build the confidence and knowledge to take on your own accounts.
The Ideal Candidate
You’ll need to have some solid experience in Trade Credit already, ideally at a mid-level, and be ready to take the next step in your career. If you’ve managed smaller accounts or worked in a support role and now want more autonomy and responsibility, this is a great opportunity. The real focus is on ambition and the ability to grow into a senior role while contributing to the team’s success.
In return, you’ll get full training, support from a collaborative team, and a clear development path. Hybrid working is part of the package, giving you flexibility while still being connected to the team. If you want to join a business that values growth and invests in its people, this is worth exploring.
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TO APPLY: For more information and to apply, please contact Mark Fancourt Mark.fancourt@ipsgroup.co.uk. Tel +44 121 616 6096.
PLEASE MENTION 'CREDIT INSURANCE NEWS' WHEN APPLYING.
New Business Account Executive
Location: Birmingham
Salary: Open depending on experience, plus bonus
A leading independent broker is looking for an experienced Trade Credit professional to help establish and grow its presence in the Midlands. This is a strategic role based in Birmingham, offering autonomy and the chance to shape a regional strategy over time. The Trade Credit team is currently based in the South, but there’s a clear focus on building out the Midlands market, supported by strong internal relationships and a proven growth plan.
Responsibilities
The position will involve developing new business and building networks, particularly through introducers, which is a key part of how the division operates. There will be some transferable clients and a steady stream of leads from other parts of the business, but success will come from creating and nurturing relationships, delivering consistently, and producing results. Longer-term, there’s scope to build a team and take ownership of the region, making this an ideal opportunity for someone ambitious and commercially minded.
The Ideal Candidate
The role would suit someone with Trade Credit experience who enjoys networking and business development, but backgrounds in commercial finance or credit risk with client-facing experience will also be considered. The ability to work autonomously while fitting into a close-knit team is essential, as is a proactive, relationship-driven approach. Ideally, candidates will have three to five years’ experience in a Client Director or similar role.
The package includes a competitive salary in the range of £45,000 to £65,000, plus car allowance, bonus, and a full benefits package. Hybrid working is available, with Birmingham as the base and occasional travel to London and the South. This is a rare opportunity to take ownership of a growth area and play a key role in shaping the future of a successful division.
​​​TO APPLY: For more information and to apply, please contact Mark Fancourt Mark.fancourt@ipsgroup.co.uk. Tel +44 121 616 6096.
PLEASE MENTION 'CREDIT INSURANCE NEWS' WHEN APPLYING.
Industry Events
12th Supply Chain Finance Summit. 28 - 29 January 2026, Mayer Brown in London.
Why SCFS26 Is Set to Be a Defining Event for the Supply Chain Finance Industry
The 12th Supply Chain Finance Summit (SCFS26), taking place on 28 - 29 January 2026 at Mayer Brown in London, is set to bring together many of the most influential organisations shaping the future of global trade and working-capital finance. With supply chains navigating geopolitical uncertainty, regulatory change and rapid
technological disruption, this year’s summit arrives at a decisive moment for the industry.
The event features senior representatives from major international banks including HSBC, Citi, Société Générale, Danske Bank, ING, Lloyds Banking Group, MUFG, Rabobank, Bank of America, JP Morgan, Intesa San Paolo, SMBC, Credit Agricole and Siemens Bank, alongside global institutions such as the IFC and the EBRD. Corporate voices also play a substantive role, with speakers from organisations including Liberty Global, Bio-Rad, Danone and others contributing perspectives from the real economy.
Across two days, the summit will address the sector’s most pressing themes: the outlook for global SCF growth, the impact of evolving accounting and regulatory standards, ESG integration, and the technologies reshaping financing models - from embedded SCF and AI-driven risk tools to digital documentation and tokenisation.
For practitioners, policymakers and corporates seeking a clear, forward-looking view of supply chain finance, SCFS26 offers a concentrated forum where industry leaders assess risks, share practical developments and explore the opportunities emerging across global markets.
SCFS26 offers delegates a comprehensive overview of a sector undergoing rapid evolution. For organisations seeking clarity amid shifting market conditions, and for those looking to benchmark their strategies against industry leaders - the summit provides a timely and substantive forum for discussion. Grab your tickets here: https://bcrpub.com/event/supply-chain-finance-summit-2026/.
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UK Invoice Finance and ABL Summit. 2-3 March 2026. The Birmingham Conference & Events Centre.
Almost one in three UK SMEs say the cost of finance is holding back their growth in 2025. Rising borrowing costs, tough credit conditions, and persistent late payments are leaving many businesses searching for more flexible and innovative funding options.
That’s why the new UK Invoice Finance and ABL Summit (UKIF26), hosted by BCR in partnership with UK Finance, comes at such a pivotal moment. The summit will tackle the SME funding gap head-on, exploring how invoice finance and asset-based lending can step up to deliver more value, scale, and resilience for the sector.
UKIF26 will highlight how receivables financiers are:
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Leveraging cutting-edge technologies, including AI and data-driven risk tools.
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Navigating government initiatives and evolving regulation.
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Developing strategies to counter late payment practices and credit risk.
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Creating new ways to attract clients and increase engagement from existing users.
The central question: is this enough to accelerate market growth, or does the sector need to go further?
For banks, independents, fintechs, and all professionals engaged in the UK invoice finance ecosystem, UKIF26 is an unmissable opportunity. Attendees will gain fresh insight into an industry whose business model is evolving rapidly, and unlock new avenues for growth.
Beyond the content, the summit provides exceptional networking and deal-making opportunities, with real-life case studies and solution-sharing from industry leaders.
For more information, go to https://bcrpub.com/event/second-annual-uk-invoice-abl-summit/.
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2026 Receivables Finance International. 5-6 May, Hilton Berlin
Hosted by BCR, the 2026 Receivables Finance International (RFIx26) continues its legacy as the premier global gathering for the receivables finance industry. Now in its 26th year, RFIx brings together leading industry figures from around the world for two days of forward-looking insight, strategic dialogue, and high-level networking in Berlin.
In 2026, RFIx will spotlight innovation, collaboration, and growth across a rapidly evolving financial ecosystem. As markets adapt to new technologies, regulatory shifts, and global economic trends, the event will explore how receivables finance continues to transform to meet the needs of modern trade.
Each year, RFIx attracts an exceptional mix of participants, from trade banks and independent finance providers to fintechs, insurers, software innovators, consultants, legal experts, and corporate treasurers – all shaping the future of working capital finance.
Join us in 2026 as we connect, collaborate, and chart the next chapter of receivables finance.
Programme Coming Soon
For more information, go to https://bcrpub.com/event/26th-annual-receivables-finance-international/.
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TXF Middle East & Africa 2026: Agency, Energy & Infrastructure Finance. 7 - 9 April, Dubai
TXF returns to Dubai for MEA 2026, where we'll be connecting ECA, project, and development finance dealmakers across the Middle East and Africa, as more credit lines flow between both regions. One ticket grants you access to the most active exporters, borrowers, infrastructure and energy developers, project sponsors, equity investment funds, institutional investors, debt providers, ECAs, DFIs and more. Key topics include:
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Borrowers' Choice: Exploring investment opportunity in the Middle East
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Sovereign finance in focus: How can ECAs better support sovereign guaranteed projects?
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Financing Emerging Markets: What opportunities are available in MENA’s smaller markets?
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The ESG Debate: Examining the impact of ESGs on project development in Africa and the Middle East
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The Role of ECAs, DFIs and MDBs: Their latest projects, policies and initiatives
98% of previous attendees said they will do more business as a result of attending the event. Don’t miss out. Find out more and secure your place here:
https://mea2026.exilegroup.com/.
Exclusive 15% Discount for CIN Readers. Contact marketing@exilegroup.com and quoteCIN15 to apply for 15% off.​
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TXF Global 2026: Export, Agency & Project Finance. 9 - 11 June, Prague
Gather with 1,500 senior decision-makers shaping the future of export, project, and development finance, where global deal origination begins.Exile Group once again brings together our three key brands TXF (export
finance), Proximo (project finance) and Uxolo (development finance) for an unbeatable opportunity to network, collaborate and originate deals.
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Connect with the powerhouses of the industry: Step into this premier international gathering where over 1500 dealmakers from ECAs, DFIs, exporters, borrowers, developers, project sponsors, SOEs, government ministries, commercial banks, private insurers, law firms and institutional investors converge at the go-to event of the year!
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Unlock your origination potential: With just one trip, you'll be able to collaborate and originate deals with a wide range of stakeholders, and hold multiple meetings in one place for a jam-packed three days that will give you a fantastic return on your investment.
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Diversify your pipeline: With a global presence (over 65 countries in 2025), attendees will have the opportunity to learn from diverse perspectives, discover international best practices, and foster cross-border collaboration to enrich their own strategies and grow their business.
86% of past attendees confirmed they will do more business as a result of attending the conference, making the event a true catalyst for the markets we cover. This is the event of the year you cannot afford to miss. Secure your presence, view the agenda and find out more here: https://global2026.exilegroup.com/.
Exclusive 15% Discount for CIN Readers. Contact marketing@exilegroup.com and quoteCIN15 to apply for 15% off.
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TXF Credit & Distribution Day 2025. 12 June, Prague
We are delighted to bring an all-new Credit & Distribution day to Prague! This event will examine how underwriters, brokers and distribution and syndication bankers are reassessing risk, adapting to the latest regulatory change, and finding new ways to distribute capital efficiently.
Why Attend?
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Optimize capital structure, ensure regulatory compliance, and enable sustainable business growth
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Build a diversified risk portfolio, foster strong partnerships, and create cross- sell opportunities with banks, ECAs, DFIs, and corporates
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Access bespoke, high-quality risks to enhance portfolio diversification.
Unlock your potential. Don’t miss this opportunity to connect in-person with banks, ECAs, DFIs, corporates, insurers, brokers, asset managers and more for new business opportunities and lasting partnerships. Spaces are limited - to find out more and book your place visit: https://creditanddistribution26.exilegroup.com/.
Exclusive 15% Discount for CIN Readers. Contact marketing@exilegroup.com and quote
CIN15 to apply for 15% off.
About this month's Sponsor: Atradius Credit Specialties
Atradius is a leading provider in the global credit and political risk insurance market, with a presence in 54 countries across five continents. Our comprehensive suite of credit management solutions is designed to support clients throughout the entire credit sales cycle, from initial contract discussions to final payment execution. Leveraging the extensive experience in the team, Credit Specialties provides in depth analysis of sovereign and country risk.
In 2025, Atradius Credit Specialties marks its 20th anniversary, two decades of delivering bespoke credit insurance solutions for complex and high-value transactions. Our team of specialists adopts a multidisciplinary, multi-product approach to structure tailored coverage for unique contractual arrangements, extended tenors, and large-scale projects. We work in close collaboration with our clients from the outset, delivering strategic risk transfer solutions aligned with their business objectives.
To learn how Atradius can support your organisation, please contact one of our credit insurance experts or visit www.atradius.co.uk