Welcome to the September 2026 issue of Credit Insurance News Digest. This month's sponsor is Tinubu.

Index

Credit Insurance News
Trade Credit Insurance Industry Dinner 2026
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Industry Events

Credit Management News Digest

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Credit Insurance News

The trade credit insurance market remains profitable despite softer pricing. Aon's Credit Solutions Market Insights Report – H1 2026 says the global trade credit insurance market remained resilient through 2025 and into the first quarter of 2026. Industry premiums were broadly stable at about €9 billion, while claims paid fell by 5.6% to €3.2 billion. Coface, Atradius and Allianz Trade all reported combined ratios below 100%, demonstrating strong operating results. However, many insurers have reported lower-than-historical levels of client trading activity, while intense competition for high-quality business has kept pricing soft. As a result, premium growth across the sector has been broadly flat and, in some cases, slightly negative. Aon notes that, overall, the trade credit insurance market enters the remainder of 2026 from a position of financial strength. To download Aon's report, go to https://www.aon.com/en/insights/reports/credit-solutions-market-insights-report.

The trade credit insurance market continues to demonstrate strong resilience. AU Group's Credit Insurance Market 2026 report says that trade credit insurers posted only modest growth in 2025, averaging just 0.8%. The global market is estimated at approximately €10.6 billion in premiums, compared with €10.5 billion in 2024. Insurers' risk exposure increased by 3%, outpacing premium growth of 1%. Pricing nevertheless remained competitive, supported by intense competition and low loss ratios; Atradius, for example, recorded a loss ratio of 38.9%. AU Group says improving risk prevention is also helping keep claims under control, with algorithms, real-time data, APIs and AI enabling faster decisions and more sophisticated monitoring. This has led to more frequent credit-limit reductions and cancellations, near-continuous buyer monitoring and better anticipation of insolvencies. To read AU Group's report, go to https://au-group.com/en/studies-and-publications/credit-insurance-market-2026.

Is a withdrawal of credit insurance cover construction's 'canary in the coalmine'? Writing in Building, Julie Palmer, Managing Partner at BTG, warns that cuts in trade credit insurance cover are a serious warning signal for construction, particularly for SMEs. Julie says previous withdrawals of cover preceded sharp downward spirals at Woolworths, Debenhams and Maplin, and argues construction could now be approaching a significant tipping point. She highlights the vulnerability of smaller contractors and subcontractors, which often depend heavily on a single client and are already facing cashflow pressure, debt and delayed payments. Referring to Financial Times reports that companies in Vistry's supply chain could be affected by a trade credit insurer's decision to cut cover, Julie urges firms to act early and seek support before financial problems escalate. To read Building's article, go to https://www.building.co.uk/comment/is-a-withdrawal-of-credit-insurance-cover-constructions-canary-in-the-coalmine/5143708.article.

Soft trade credit insurance pricing masks rising trade credit risk. Global Reinsurance has reported that, according to Allianz Trade Americas President and CEO Sarah Murrow, competitive trade credit insurance pricing risks creating a false sense of security as economic and corporate credit conditions worsen. ICISA data show trade credit insurance premiums fell 0.4% in 2025 while insured exposure rose 2.8%. A similar divergence occurred in 2024, when exposure rose 7.5% but written premium fell 0.6%. Sarah said the disconnect may reflect abundant financial capital even as underlying trade risk changes and becomes more complex. Strong insurer balance sheets, healthy investment returns and competition for market share are helping sustain soft pricing. At the same time, slower growth, weaker trade forecasts and prolonged high interest rates are increasing pressure on corporate credit conditions. To read Global Reinsurance's article, go to https://www.globalreinsurance.com/home/soft-pricing-is-masking-rising-credit-risk-warns-allianz-trades-murrow/1459254.article.

Allianz Trade could slash cover for Vistry suppliers by up to 70%. Insurance Business reported, citing the Financial Times, that Allianz Trade has been informing clients it could reduce credit limits for suppliers to FTSE 250 housebuilder Vistry, with cover potentially cut by as much as 70% on new trading agreements. The prospective changes would not affect existing cover, while the final level of cover will depend on Vistry's performance in the coming weeks. Vistry said its credit insurers continue to provide substantial cover and that it was not aware of any supplier withdrawing trade or any interruption to its supply chain. The story emerged after Travis Perkins' Finance Chief Duncan Cooper referred to trade credit insurance being withdrawn from a "fairly significant national housebuilder". To read Insurance Business' article, go to https://www.insurancebusinessmag.com/uk/news/construction-engineering/allianz-trade-slashes-cover-for-vistry-suppliers-by-up-to-70-585440.aspx.

Credit limit approvals improve, but insurers remain selective. Aon's Credit Solutions Market Insights Report – H1 2026 notes that global trade credit insurance acceptance improved marginally in Q1 2026, although appetite varied considerably by industry and region. Between March 2025 and March 2026, the global approval rate rose from 75% to 77%, with gains in automotive, life sciences, agribusiness and food and drink. Automotive approvals increased from 72% to 79%, while life sciences rose from 78% to 84%. In contrast, approvals declined in steel and metals and technology. Regionally, acceptance strengthened most in Asia-Pacific and North America, remained broadly stable in EMEA and improved only modestly in Latin America. To download Aon's report, go to https://www.aon.com/en/insights/reports/credit-solutions-market-insights-report.

Short-term (ST) trade credit insurance demand remains positive but is cooling. Berne Union and ICISA's Export Credit Business Confidence Index reports that short-term demand sentiment remains positive for the second half of 2026, although expectations have softened. The headline ST demand index fell to 63.2 (down 2.9), with growth expected to be supported by rising export volumes, heightened risk perception and new enquiries linked to AI supply chains, including semiconductors and computing components. Several private insurers noted that affordable pricing in a soft market should also support demand. At the same time, buyers' cost constraints, intensified by the Iran-US conflict, and limited loss activity may reduce the perceived need to purchase cover. Claims expectations remain elevated. However, loss experience has not yet deteriorated materially. To read the Berne Union's news release, go to https://www.berneunion.org/Articles/Details/1035/Berne-Union-ICISA-Business-Confidence-Index-2026-H2.

Soft pricing creates opportunity as trade risk rises. Insurance Business reports that rising risk, soft pricing and ample capacity are creating a rare opportunity for brokers to revisit trade credit insurance with uninsured businesses. Benoît Urbin, Chief Executive of Coface UK and Ireland, said uncertainty has become a structural feature of global trade rather than a series of isolated shocks. Coface has raised its forecast for global insolvencies in 2026 from 3% to 6%, partly because of the Middle East crisis, with insolvency levels nearing their highest point since the global financial crisis. Yet the UK trade credit insurance market remains unusually competitive, with fierce pricing competition, low rates, available capacity and aggressive terms. Benoît said this disconnect allows businesses to secure protection in an environment that is probably riskier than ever. To read Insurance Business' article, go to https://www.insurancebusinessmag.com/uk/news/business-resilience/uncertainty-is-no-longer-episodic--it-has-become-structural-582122.aspx.

Allianz Trade, Atradius and Coface account for more than 65% of global credit insurance premiums. AU Group's report, Credit Insurance Market 2026, has highlighted how concentrated the global credit insurance market remains, with Allianz Trade, Atradius and Coface accounting for more than 65% of premiums. Allianz Trade retained the largest estimated market share at 30%, followed by Atradius at 22% and Coface at 14%. Allianz Trade's revenue exceeded €4 billion in 2025, up 1%, while Atradius reported record revenue of €2.56 billion, also up 1%. Coface's revenue was broadly stable at €1.85 billion. AU Group also notes that the launch of Lloyd's Syndicates by Coface (2546) and Atradius (1864) in 2025 represents a significant structural development in the trade credit insurance market. To read AU Group's report, go to https://au-group.com/en/studies-and-publications/credit-insurance-market-2026.

Sarah Murrow highlights growing role for US banks as credit risks rise. Global Trade Review (GTR) has interviewed Allianz Trade Americas CEO Sarah Murrow on the outlook for credit insurance, credit intelligence and the US market. Sarah said greater engagement from banks is one of the biggest opportunities to expand credit insurance in the US, particularly by helping lenders use the product to support customer financing. She also highlighted growing demand for credit intelligence as businesses seek more information on both customers and suppliers. At the same time, Sarah warned of a disconnect between competitive credit insurance pricing and the underlying risk environment. Allianz Trade forecasts global insolvencies to rise by 6% in 2026, with US insolvencies expected to increase by 9% in 2027. To read GTR's article, go to https://www.gtreview.com/news/trade-leaders-interviews/trade-leaders-interview-sarah-murrow-allianz-trade/.

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Vietnam's trade boom outpaces its credit insurance market. Insurance Business Asia reports that Vietnam's rapidly expanding trade economy is far outpacing the development of its trade credit insurance market. Total trade exceeded $930 billion in 2025 and is expected to surpass $1 trillion in 2026, yet annual trade credit insurance premiums are estimated at just $30-$35 million. FiinGroup projects that the market could grow five to seven times if data infrastructure, policy frameworks and corporate awareness develop in a coordinated manner. The potential need is significant, with 25% of Vietnamese organisations reporting losses linked to vendor management or third-party risk and 33.3% reporting supply chain losses. The article also points to institutional interest in trade credit insurance as both a risk-management and financing tool. To read Insurance Business' article, go to https://www.insurancebusinessmag.com/asia/news/breaking-news/vietnams-trade-boom-outpaces-its-credit-insurance-market-587443.aspx.

Trade credit insurance faces rising claims and insolvency pressure. Writing for the Berne Union, Richard Wulff, Executive Director of ICISA, says trade credit insurance is coming under increasing pressure as claims and insolvencies rise. ICISA's Q1 2026 Business Sentiment Survey found that 60% of respondents expect trade credit insurance claims to rise and 70% anticipate higher insolvencies. He also notes that buyers are seeking more tailored protection, with 70% of respondents reporting increased demand for non-cancellable credit limits, 60% seeing greater interest in excess-of-loss structures, and risk-sharing syndications and top-up cover recording a 50% rise in interest. AI adoption is also accelerating, with 80% of trade credit insurance firms already using AI and 90% planning further integration over the next 12 months. To read Richard Wulff's article for the Berne Union, go to https://www.berneunion.org/Articles/Details/1023/The-2026-Bifurcation-Diverging-conditions-in-global-credit-and-surety-markets

Coface shares its vision for the future of credit insurance in the age of AI. At the 100th Annual General Meeting of ICISA, Deepesh Patel, Editor of Trade Treasury Payments (TTP), spoke with Xavier Durand, Group CEO of Coface, about how artificial intelligence is reshaping the competitive landscape of trade credit insurance. Xavier said established insurers are well placed to combine new technology with deep industry knowledge, historical data and strong brands, describing AI as the latest chapter in the sector's long technological evolution. He also pointed to significant opportunities for growth among SMEs and in emerging markets, estimating that credit insurance currently covers only around 5-7% of worldwide receivables. To read Coface's article, go to https://www.coface.com/news-economy-and-insights/to-mark-icisa-s-100th-anniversary-coface-shares-its-vision-for-the-future-of-credit-insurance-in-the-age-of-ai.

Trade credit insurance offers CFOs a fresh route to efficiency gains. Writing in Trade Finance Global (TFG), Burkhard Wittgen, WTW's global head of multinationals for Credit Risk Solutions, argues that multinational companies can unlock efficiency gains by redesigning fragmented trade credit insurance programmes. He says administrative costs, rather than premiums alone, are a major expense, with teams duplicating work across credit limits, renewals, compliance and claims. Burkhard highlights options including standardisation, local policies under a master agreement, shared service centres and higher excess-of-loss structures to reduce complexity and improve group-level transparency. He also says AI and automation can improve credit decisioning, customer credit limit monitoring, claims triage and compliance, but warns technology works best when supported by streamlined insurance structures and high-quality data. To read TFG's article, go to https://www.tradefinanceglobal.com/posts/trade-credit-insurance-offers-cfos-fresh-route-efficiency-gains/.

Collapse in US-Canda trade talks sharpens focus on trade credit insurance. Insurance Business Canada reports that the collapse of US-Canada trade talks has turned tariff uncertainty into an immediate trade credit insurance issue for businesses. With tariff rates, product lists and implementation dates now confirmed, attention is turning to how exposed exporters can protect themselves. Only around 5% of Canadian export businesses currently carry trade credit insurance, although Allianz Trade Canada reported a 10% increase in inquiries earlier this year. The article says brokers with clients in exposed sectors should now move conversations from inquiry to placement. To read Insurance Business' article, go to https://www.insurancebusinessmag.com/ca/news/breaking-news/uscanada-trade-talks-collapse-leaving-brokers-with-a-specific-and-immediate-todo-list-587119.aspx.

VIDEO: Insolvencies are rising in APAC. How can trade credit insurance help? Trade Finance Global (TFG), reports that rising insolvencies across Asia-Pacific are increasing the importance of trade credit insurance. Allianz Trade expects global insolvencies to rise by 6% in 2026, with APAC accounting for more than half of the increase. Harry Edwards, Allianz Trade's ASEAN Commercial Director, said risk management depends on clear visibility of buyers' financial health and exposures. TFG also says insurers are scrutinising buyers more closely, tightening terms and reducing credit limits, while businesses are diversifying supply chains and sourcing closer to home. Harry Edwards also stressed that risks vary across ASEAN and should be assessed country by country. To read TFG's article, go to https://www.tradefinanceglobal.com/posts/video-insolvencies-are-rising-in-apac-how-can-trade-credit-insurance-help/.

Australian trade credit risk rises 6% in Q2. NCI's Trade Credit Risk Index climbed 6% quarter-on-quarter to 913 in Q2 2026, alongside increases in claims, collections activity and serious overdue accounts. NCI clients lodged 393 claims during the quarter, up 28% from Q1, with a combined value of A$33 million. NCI also paid 290 claims worth A$18 million, some of which had been lodged in earlier quarters. Collections instructions rose 16% to 1,131 matters, while reports of serious overdue accounts rose 2%. By state, Victoria accounted for the largest share of claims by number at 30%, followed closely by New South Wales at 29% and Queensland at 25%. To read NCI's latest report, go to https://www.nci.com.au/news/trade-credit-risk-index-q2-2026/.

Global cash conversion cycle remains structurally high. Allianz Trade reports that the cash conversion cycle (CCC), which measures how long companies take to turn cash spent on operations into cash collected from sales, rose to 67 days in 2025. This was three days above the 10-year average and close to a 2023 high of 68 days. Its Days Sales Outstanding (DSO) and CCC report says the increase was driven by companies building inventories to strengthen resilience. Differences are wide: 25% of companies have a CCC below 43 days, while 25% exceed 107 days. Of 20 sectors analysed, 12 had longer cycles. Automotive suppliers added four days; paper, metals and textiles each added three. Transport equipment fell by six days, computers and telecom fell by four, and energy fell by three. Allianz Trade forecasts a moderate increase in CCC for 2026. To read Allianz Trade's news release, go to https://www.allianz-trade.com/en_global/news-insights/news/dso-report-2026.html.

Digitisation opens new opportunities for trade credit insurance. Trade Finance Global (TFG) says digitisation is reshaping trade credit insurance, replacing paper-heavy processes with more integrated, data-driven services. APIs are increasingly connecting insurers with clients' ERP systems, allowing real-time credit limit checks, monitoring, alerts and policy management within existing platforms. AI is also being used to automate submission intake, match businesses' risk profiles with insurer appetite and simplify processes around claim scope, although it is not yet at a decision-making stage in underwriting. According to TFG, these developments are making trade credit insurance more attractive, particularly for businesses previously deterred by complex, resource-intensive processes. To read TFG's article, go to https://www.tradefinanceglobal.com/introduction-to-credit-insurance-for-suppliers/digitisation-of-tci/.

Atradius warns the global outlook remains fragile. Atradius says the global economy has weathered the initial shock of the US-Iran conflict better than feared, but that resilience depends on a gradual reopening of the Strait of Hormuz and a further easing of energy prices. Its latest Economic Outlook forecasts global GDP growth slowing from 3.0% in 2025 to 2.4% in 2026, before rebounding to 3.1% in 2027. Global trade growth is expected to fall below 2% this year, as higher energy prices, weaker import demand and trade-policy uncertainty curb the stronger-than-expected expansion seen in 2025. Atradius identifies renewed escalation of the conflict as the principal downside risk. If fighting resumes and the Strait remains closed until the fourth quarter, global growth could fall to recessionary levels of 1.9% in 2026 and 1.4% in 2027. To read Atradius' news release, go to https://atradius.co.uk/knowledge-and-research/reports/economic-research-economic-outlook-july-2026.

WICI Spotlight on: Harkomal Thandi. ICISA's latest Women in Credit Insurance (WICI) spotlight features Harkomal Thandi, Account Manager at Brown & Brown Trade Credit. Harkomal discusses the challenges women can face in the sector and identifies self-doubt as a significant barrier to career progression. She argues that people should not wait until they feel completely ready before pursuing new opportunities. Highlighting the range of careers available within trade credit insurance, she says progression often comes from putting yourself forward, expanding your network and being willing to step outside your comfort zone. She also stresses the importance of mentorship and exposure to different areas of the industry in supporting career development. To read ICISA's news release, go to https://icisa.org/news/wici-spotlight-on-harkomal-thandi/.

QBE completes sale of Global Trade Credit and Surety business to Swiss Re. QBE has completed the divestment of its Global Trade Credit and Surety operations to Swiss Re Corporate Solutions, bringing to a close the transaction first announced in February. The business has a significant presence in Australia, New Zealand and the UK, while QBE's French Bonds business was excluded from the sale. When the transaction was announced in February, Swiss Re said the portfolio was expected to generate annual revenues of around US$200 million. Financial terms have not been disclosed. QBE said the two companies had worked together to support continuity for employees, customers and brokers through the transition. To read QBE's news release, go to https://www.qbe.com/newsroom/news/qbe-completes-divestment-trade-credit-surety-swiss-re.

Willis warns of growing credit insurance capacity pressure in the metals sector. Willis, a WTW business, says metals businesses are increasingly finding that their credit insurance limits no longer match the size of their receivables exposures. Rising metals prices can increase the value of the same volume of trade, while currency movements can push exposures higher again. As a result, limits agreed at renewal can become inadequate, leaving part of the exposure uninsured. At the same time, insurers' internal aggregation limits are coming under pressure on some of the sector's largest counterparties. WTW says businesses should manage limits more dynamically and use layered structures combining whole-turnover, top-up and credit and political risk insurance (CPRI) cover across multiple insurers. To read the article, go to https://www.wtwco.com/en-gb/insights/2026/09/the-growing-credit-capacity-challenge-in-metals-markets.

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Atradius launches Atrium Acquire to speed up the broker sales process. Atradius has introduced Atrium Acquire, a new online platform designed to simplify and accelerate the broker journey from initial enquiry to policy quotation. Embedded within Atrium, the platform uses AI-driven automation and real-time data processing to reduce manual work and improve visibility. Brokers can submit requests through an online form or upload their own branded documents, track progress in real time and receive data-driven indications. Atrium Acquire also recognises handwritten input and converts it into structured data. Atradius says the platform is intended to shorten turnaround times, improve data quality and consistency, and provide brokers with clearer insight into the status of new and additional business submissions. To read Atradius' news release, go to https://atradius.co.uk/knowledge-and-research/news/atradius-speeds-up-sales-process-for-brokers-with-atrium-acquire.

Allianz expects only a mild slowdown in global growth. Allianz research expects global growth to ease to 2.5% in 2026 before recovering to 2.9% in 2027. Investment in artificial intelligence is helping to offset the effects of the energy shock and renewed trade tensions, although pressure on consumer purchasing power and corporate profitability remains. The US economy is forecast to grow by 2.1% in 2026, supported by energy exports, fiscal stimulus and AI investment, which is expected to contribute around one-third of growth. The Eurozone, excluding Ireland, is projected to expand by just 0.9%, while China is forecast to grow by 4.7%, supported by exports and high-tech manufacturing. Global goods trade is expected to rise by 2.9% in volume in 2026 and by 2.4% in 2027, despite higher US tariffs. To read Allianz’s news release, go to https://www.allianz.com/en/economic_research/insights/publications/specials_fmo/260708-economic-outlook.html.

Trade credit insurers are adapting to a changing risk landscape. Global Trade Review (GTR) reports that Asia's trade credit insurers face a more volatile and capital-intensive environment as fragmented supply chains and AI infrastructure investment reshape risk. At a Willis-hosted roundtable, Allianz Trade's Harry Edwards said AI-related funding requests are far larger than those seen in traditional sectors, while Coface's Peter Elder highlighted how quickly client requirements can escalate. Insurers are also rethinking underwriting as technology, geopolitics and regulation become more intertwined. Allianz Trade is seeing more requests for different structures, although Harry Edwards stressed the need to understand counterparty risk. Participants also called for closer collaboration between banks and insurers, better visibility and more forward-looking risk assessment. To read GTR's article, go to https://www.gtreview.com/magazine/gtr-issue-3-2026/insurance-roundtable-resets-and-reinvention/.

Rezolva launches Rezolva Connect. Commercial debt resolution specialist Rezolva has launched Rezolva Connect, a new platform for managing commercial debt recovery from placement through to resolution. The launch follows an article by Rezolva founder Karl Hague MCICM, published in Credit Insurance News Digest in July, examining the period between an invoice becoming overdue and a potential claim. Rezolva Connect provides separate workspaces for brokers, clients and debtors, linked through a single platform. Clients can place debts and track progress, brokers can monitor relevant cases, and debtors can review documents, raise disputes and submit payment proposals. The platform is available to clients and authorised credit insurance brokers. Further information is available at https://rezolva.co.uk/rezolva-connect.

Atradius says Emerging Asia remains a key global growth engine despite external shocks. Atradius' September 2026 Emerging Asia Economic Outlook forecasts strong but increasingly uneven growth across the region. Vietnam is expected to lead with GDP growth of 8.3% in 2026 and 7.7% in 2027, followed by India at 6.7% and 6.8%. Malaysia is forecast at 5.2% and 4.6%, Indonesia at 5.0% in both years, and China at 4.8% and 4.6%. Thailand is expected to slow to 2.0% and 1.7%, while the Philippines is forecast at 3.5% in 2026 before rebounding to 5.9% in 2027. Atradius says energy costs, trade fragmentation and geopolitical tensions are testing resilience. To read Atradius' report, go to https://atradius.co.uk/knowledge-and-research/reports/economic-research-regional-outlook-emerging-asia-september-2026.

Allianz Trade forecasts an AI-driven boost to UK GDP despite employment disruption. Insurance Business reports that Allianz Trade's latest Global Economic Outlook forecasts UK GDP growth of 1.0% in 2026. The report projects that AI could increase UK labour productivity by 3.4% over the next decade, though this would be partly offset by a 1.1% negative employment impact, for a net GDP effect of 1.7%. The comparable total GDP impact is estimated at 3.3% for the US, while Spain and Italy face negative effects of 0.4% and 0.9%, respectively. More broadly, Allianz Trade expects global growth to slow mildly to 2.5% in 2026 before recovering to 2.9% in 2027, with AI providing important support overall. To read Insurance Business' article, go to https://www.insurancebusinessmag.com/uk/news/breaking-news/boe-rate-rise-and-ai-disruption-pose-twin-risks-for-insurers-582114.aspx.

BPL launches BPL Surety. BPL has launched BPL Surety, a business line supporting corporates and financial institutions with global guarantee requirements. It builds on BPL's surety work since 2018, including helping to introduce margining guarantees and off-balance-sheet instrument (OBSI) facilities. Five directors lead it from Geneva, Paris and London: Philippine de Villèle, Edouard Huberdeau, George Bellord, Tom Parrott and Danielle Upton (see New Appointments). The launch responds to increased underwriting appetite for applications and an opportunity to support UK and European corporates operating internationally, particularly where surety-bank collaboration is likely to prove most effective and commercial. AXA XL's Credit and Surety Market Survey 2025 estimates that the global surety market generates over US$20 billion in premium annually. For more information, go to https://bpl-insurance.com/bpl-surety/.

Atradius reports a rise in high-risk sector forecasts. Atradius' Q3 2026 industry forecasts show heightened sector credit risk, with 215 of 555 sector-market assessments now in high-risk categories, 21 more than in January. Covering 15 industries across 37 economies, the update places construction, metals and steel, and textiles at the weakest end of the spectrum, while food, pharmaceuticals, financial services, electronics/ICT and agriculture have more favourable outlooks. Atradius also reported increased non-payments and credit insurance claims in several markets, including Belgian transport, Australian and New Zealand transport, and Singapore services. In the US, construction was downgraded from fair to poor as high energy costs, interest rates and tariffs increased pressure. To read Atradius' forecasts, go to https://atradius.co.uk/knowledge-and-research/news/atradius-releases-q3-updates-on-over-500-industry-forecasts-globally.

Allianz Trade cautions that cash flow, not tariffs, is the biggest risk to Canadian businesses right now. Amid continuing uncertainty over US trade policy, Insurance Business reports that Allianz Trade has warned Canadian businesses that cash-flow pressures pose a more immediate threat than tariffs themselves. David Dienesch, CEO of Allianz Trade in Canada, said weaker US sales could strain liquidity and access to credit. Allianz Trade is already seeing evidence of this in rising customer claims, despite having anticipated the current environment. David urged businesses to test whether existing credit lines would remain available if revenues fall and to treat risk management as an ongoing discipline. He also highlighted trade credit insurance as a way to avoid bad debts and support working capital. To read Insurance Business' article, go to https://www.insurancebusinessmag.com/ca/news/commercial-liability/cashflow-not-tariffs-is-the-biggest-risk-to-canadian-businesses-right-now-585558.aspx.

Marsh warns business confidence may be masking rising financial exposure. Marsh's Trade Credit Report 2026 warns that confidence among UK businesses may be masking growing financial exposure. Based on research among 1,000 UK CEOs and finance directors, 85% of organisations experienced more late payments over the past year, while 75% reported more bad-debt write-offs and 76% suffered financial losses due to late payments. Marsh says businesses should treat pressures such as late payments, supplier instability, and digital disruption as signals to reassess protection. The report also highlights growing customer and supplier concentration and AI-related risks. It identifies trade credit insurance, receivables financing and digital monitoring as tools that can improve visibility and protection amid volatile trading conditions. To read Marsh's report, go to https://www.marsh.com/en-gb/services/trade-credit/insights/trade-credit-report-2026.html.

ABI report highlights trade credit insurance's role in supporting growth. Insurance Business reports that the ABI's report, The Value of Commercial Insurance: Enabling growth, innovation, and resilience, features DCS Group as a case study illustrating how trade credit insurance can support growth. The household, health and beauty products distributor has held Coface cover for more than a decade. The article also includes advice from Jonny Carruthers, Director at BPL, noting that brokers may overlook their clients' receivables exposure because credit management and general insurance purchasing can sit with different teams. He added that competitive pricing and structures are currently creating favourable conditions for good-quality businesses to consider cover before concerns arise over a major customer. To read Insurance Business' article, go to https://www.insurancebusinessmag.com/uk/news/professional-liability/the-insurance-policy-quietly-sitting-behind-one-of-the-uks-biggest-growth-stories-589160.aspx.

Atradius highlights elevated construction credit risk. Atradius says construction credit risk remains high across many major markets, with payment delays and business failures expected to remain a concern. In the US, it has downgraded the sector from "Fair" to "Poor" and expects more payment delays and failures as high borrowing, energy and input costs squeeze margins and liquidity. In the UK, where output is forecast to contract by 1.1% in 2026, the sector’s credit risk situation also remains "Poor", despite some improvement since insolvencies peaked in 2024. Across the EU and UK, higher material costs and persistent labour shortages continue to put pressure on builders’ margins. To read Atradius' news release, go to https://atradius.co.uk/knowledge-and-research/reports/industry-trends-construction-august-2026.

TMHCC identifies where UK energy-related credit risk is concentrated. Tokio Marine HCC's 2026 UK Energy Sector Report says most energy-related credit risk sits outside the sector, particularly among manufacturers absorbing a roughly 45% rise in wholesale power costs that they cannot pass on. It says the exposure lies primarily with the counterparties that buy energy. Within the sector, TMHCC identifies the North Sea service chain as a key exposure: elevated prices support operators' cash generation, but no exploration wells were drilled in 2025 and none are planned for 2026, reducing work for rigs, vessels, inspection firms and specialist engineers. Total UK Continental Shelf expenditure is forecast to fall from £13.74 billion in 2026 to £9.19 billion by 2031. Refining and fuel distribution are also identified as notable exposures. To read the report, go to https://www.tmhcc.com/en/news-and-articles/thought-leadership/uk-energy-sector-report-aug-2026.

Texel and Marubeni Safenet sign a cooperation agreement in Japan. Credit and political risk insurance broker Texel Group has signed a cooperation agreement with Marubeni Safenet, the insurance agency of Japanese trading group Marubeni. The partnership will strengthen Texel's support for clients and insurers in Japan, combining Marubeni Safenet's local market knowledge and client relationships with Texel's specialist expertise in credit and political risk (re)insurance. Texel described Japan as one of Asia's largest and most sophisticated financial and credit markets. Established in 1968 as an in-house insurance agency of Marubeni Group, Marubeni Safenet serves more than 3,000 corporate clients across Japan and internationally and provides trade credit insurance alongside property, casualty, marine, cyber and M&A cover. To read Texel's news release, go to https://www.thetexelgroup.com/news/.

Berne Union's July BUlletin is now available. The July 2026 edition of the Berne Union's BUlletin contains seven articles:

Bankrupt buyer risk characteristics in export trade credit insurance: Guo Ying, SINOSURE
The middle road to higher-value trade: Ayan Bektybayeva, Export Credit Agency of Kazakhstan
The 2026 Bifurcation: Diverging conditions in global credit and surety markets: Richard Wulff, ICISA
The shopping line guarantee: A new approach to supporting exports: Benjamin Do and Myriam Crosnier, Bpifrance Assurance Export
Driving growth in emerging economies: The role of ECAs in development projects: Steven Gray OBE, Katherine Beaten and Caroline Healy, UKEF
A stronger export finance market: Growing collaboration between the Berne Union and the Loan Market Association: Didem Bayseferogullari and Kam Hessling
A global network for the next generation of export finance professionals: Exportkreditnämnden (EKN)

To read the BUlletin, go to https://www.berneunion.org/Publications/Details/99.

Congratulations to . . .
Bondaval on being named a finalist for Innovation of the Year at the Insurance Times Tech & Innovation Awards for its BondavalOS platform. The platform is designed to help policyholders manage their policies and wider credit risk, using features including personalised rules and AI-driven data matching.

Credendo – Guarantees & Speciality Risks on the upgrade of its S&P Global Ratings long-term financial strength rating from A- to A, with a stable outlook. S&P says the upgrade reflects its view that the company is a core subsidiary of the Credendo group, supported by improved net results since 2023 and its positive contribution to group performance

Trade Credit Insurance Industry Dinner 2026 and Women in Credit Insurance UK Awards

Trade Credit Insurance Industry Dinner 2026 – Hosted by SCHUMANN, London. 12 November 2026
An Evening of Inspiration, Networking & Meaningful Impact
On Thursday, 12th November 2026, SCHUMANN is delighted to host this year's annual Trade Credit Insurance
Industry Dinner 2026 – an exclusive event to celebrate industry achievements, strengthen professional relationships, and support a charitable cause.
Venue: City Central at the HAC – a premier venue in the City of London, providing an elegant setting for an exceptional evening.
Time: 6:30 PM – 1:00 AM

Evening Highlights:

Live music – An evening enriched by captivating performances
Gourmet dining and drinks – A premium menu with soft and alcoholic beverages included
Dress code: Black Tie – Formal attire recommended for an evening of sophistication

An Evening with Purpose:
The event will support Akwaaba Volunteers, a UK-registered charity dedicated to enhancing the lives of disadvantaged children in Accra, Ghana, through education, care, and community support. Participation in the
dinner contributes to this meaningful initiative.
Tickets are now available. Find further details on the event page.
Secure your seat and join this special evening in the heart of London.

https://order.awesome-events.co.uk/events/trade-credit-insurance-industry-dinner-2026.

Women in Credit Insurance UK Awards: Nominations are open for 2026

ICISA has announced the launch of the third edition of the Women in Credit Insurance UK Awards, which celebrate the exceptional achievements, innovation and leadership of women in the UK credit insurance industry.

Nominations are now open for the 2026 awards, with a deadline of 25 September 2026. ICISA says nominations should be clear and detailed to give the judging panel a full understanding of each candidate's achievements, impact and leadership.

Award Categories:

Unsung Hero Award: recognises a woman within the credit insurance industry whose contribution may not always be highly visible, but whose impact is deeply felt by colleagues, clients, brokers, partners, or the wider market. Submit your nomination for the Unsung Hero Award.
Innovation and Trailblazer Award: For a woman pioneering new strategies and setting new standards in credit insurance. Submit your nomination for the Innovation and Trailblazer Award.
Rising Star Award: Recognising emerging professionals with outstanding promise (now two awards, brokers and insurance). Submit your nomination for the Rising Star Award.
Outstanding Mentor Award: For those dedicated to mentoring and supporting women in the industry. Submit your nomination for the Outstanding Mentor Award.
The Leader Award: Created to recognise a woman in the credit insurance industry who demonstrates outstanding leadership, positive influence, and a commitment to helping others succeed. Submit your nomination for the Leader Award.
Lifetime Achievement Award: Celebrating a long, impactful career with a lasting legacy (with separate awards for brokers and insurers). Submit your nomination for the Lifetime Achievement Award.

Please note that the Awards ceremony date originally announced in ICISA's Save the Date as 3rd November 2026 has been changed to 30th November 2026. ICISA looks forward to bringing the industry together on the new date to celebrate the outstanding women and champions who are making a difference across credit insurance.

New Appointments

AIG has made the following new appointments:

André Graupen has been appointed Head of Trade Credit, North America – Underwriting & Operations. André moves into the role after more than two years as Regional Trade Credit Underwriting Manager for the Northeast and Southeast. He has been with AIG for more than 13 years and previously held senior trade credit leadership and underwriting roles in Latin America and Brazil.
Jay LeClaire has been appointed Head of Trade Credit, North America – Commercial & Distribution. Jay moves into the role after more than four years as AIG's Head of Trade Credit for the Northeast and Southeast Zones. He joined AIG in 2022 from Allianz Trade, where he spent more than 15 years in senior sales and regional leadership roles, most recently as Region Director, Americas Region.
Pongprat Suwan has been appointed Head of Trade Credit Thailand. Pongprat has been with AIG in Bangkok for more than 15 years and is also Deputy Head of Middle Market APAC. He previously held roles as Senior Manager, Senior Underwriter and Credit Analyst.
Antonio Burse has been promoted to Underwriter I, Trade Credit. Antonio moves into the underwriting role after two years as a Trade Credit Analyst with AIG in Chicago. He first joined AIG as a Trade Credit Intern in 2023 before returning to the company in 2024.

Allianz Trade has made the following new appointments:

Scott Munafò has been appointed Chief Executive Officer of Allianz Trade China. Scott moves to Shanghai after almost a year as Group Head of Broker Management and Partnerships in Paris. He has been with Allianz Trade for more than 11 years, previously holding senior multinational account and regional leadership roles in London, Hong Kong and Milan.
Daf Owen has been appointed Regional Surety Business Development Director for Asia Pacific. Daf moves into the Hong Kong-based role after more than three years with Allianz Trade in Australia. He previously held senior trade credit and surety roles with QBE Insurance and Aon in Brisbane, and earlier spent almost four years with Atradius Australia as a Senior Underwriter.
Raffaella Sallis has been appointed Regional Manager, Specialty Credit. Raffaella joins Allianz Trade in London, having spent four years with Aviva, where she was most recently Surety Credit Underwriting Manager and previously Senior Surety Underwriter. Earlier in her career, she held senior surety and credit risk roles with Crum & Forster/Nexus and AIG.
James Williams has been promoted to Senior Structured Credit and Political Risk Underwriter in London. James has been with Allianz Trade for more than five years, progressing from Commercial Officer Sales to Structured Credit and Political Risk Junior Underwriter and, most recently, Structured Credit and Political Risk Underwriter. Before joining Allianz Trade, he spent four years with Bibby Financial Services in a series of business development roles.

Atradius has made the following new appointments:

Beyza Derman has been appointed Senior Account Manager at Atradius in Turkey. Beyza joins after more than nine years at Allianz Trade in Turkey, where she most recently served as Account Management Executive and previously as Client Service Supervisor. Earlier in her career, she held client service roles with Euler Hermes and worked in claims and collections at Coface.
Ryan Empen has been appointed Regional Sales Manager, Western Region, at Atradius Trade Credit Insurance, based in Chicago. Ryan joins Atradius after more than two years with Coface, where he was a Senior Account Executive also in Chicago. He previously spent more than two years with Allianz Trade in North America as an Account Executive.
Patrick Hamilton has been appointed Sales Manager – Global at Atradius in London. Patrick joins after more than three years with Coface, where he was a Global Account Officer. He previously worked as a Broker with Howden in Bristol.

Ascott Insurance Brokers has appointed Laura Samling as Account Director, Trade Credit. Laura joins Ascott in Manchester after almost five years with Gallagher, where she was an Account Executive, Trade Credit. She previously spent more than two years with Marsh as a Client Executive, Trade Credit. Earlier in her career, Laura held roles with Euler Hermes, including Major Account Manager (North) and Risk Underwriter.

AXA appoints Julien Haberkorn as Sales & Key Account Manager, Trade Credit Insurance. Julien joins AXA in Switzerland after more than two years at Aon in Switzerland, where he was Senior Broker – Account Executive Credit Solutions. He previously spent almost five years with Atradius as Senior Sales Manager in Zurich.

AU Group appoints Christophe Ghyselinck as Managing Director Benelux / Broker. Christophe joins AU Group after more than 11 years at ADD Verzekeringen, where he most recently served as Head of Trade Credit Solutions & Financial Institutions. He previously held several senior credit insurance roles with ADD, including Business Manager Credit Insurance and Client Advisor Credit Insurance.

BPL Surety has announced two new appointments to its London team:

Tom Parrott has joined BPL Surety as Surety Director. He joins after nearly 12 years at Howden Insurance Brokers, where he progressed from Broker to Executive Director, including serving as Divisional Director and Head of UK & Ireland.
Danielle Upton has joined BPL Surety as Surety Director. She joins after more than four years at Howden, where she progressed from Associate Director to Divisional Director. Prior to 2022, Danielle spent eight years at QBE Europe in surety underwriting, most recently as Senior Surety Underwriter.

Brown & Brown appoints Paul Jackson as Account Manager. Paul joins Brown & Brown in Manchester after more than three years with Bartlett Group, where he was an Account Executive responsible for an established portfolio of trade credit insurance clients. He previously spent almost four years with C&C Insurance Brokers and has also held credit insurance roles with Avenue Insurance Partners and RBIG Corporate Risk Services.

Coface has made several new appointments:

Bill Quadrini has been appointed Head of Business Information for Coface North America. Bill joins Coface in North America after more than a year as Vice President of Sales at Trepp. He previously served as Managing Director of Strategy & Innovation at CubeLogic. Earlier in his career, Bill spent almost 13 years with S&P Global.
Dana Millin has become Regional Sales Manager, Northeast Region. Dana rejoins Coface in the New York City Metropolitan Area after more than three years with Allianz Trade in North America, where he was RVP Northeast. He previously spent 18 months with Marsh as Vice President. Earlier in his career, Dana spent more than 12 years with Coface.
Antoine Pachoud has been appointed Head of Commercial for Japan. Antoine moves to the role after more than three years as France & Western Europe CGS Director in Paris. He has been with Coface for more than 14 years and has previously held senior roles including CGS Western Europe Account Management & CGS France Commercial Director and France & Western Europe Commercial Underwriting Director.
Daniel O'Connor has been appointed Regional Vice President – Midwest. He moves into the role after serving as Territory Sales Manager, Midwest since January 2025. He previously spent more than eight years as Vice President, Sales Midwest and has held a number of senior sales and broker relations roles during his long career with Coface.

Credendo has appointed Aneta Sulima as Chief Financial Officer and Deputy General Manager of Credendo – Guarantees & Speciality Risks. She succeeds Christian Wienema, who is retiring after 15 years with Credendo. Aneta joined Credendo in September 2019 as Head of Accounting. Before joining Credendo, she spent 18 years with Euler Hermes Polska as Head of Finance and Accounting.

CreditorWatch appoints Nick Penfold as Senior Account Manager (Corporate), based in the Melbourne area. Nick joins CreditorWatch after more than six years with Prasidium, where he was a Senior Account Executive specialising in credit and political risks, credit risk advisory and trade credit insurance broking. He previously spent almost five years with National Credit Insurance (Brokers) in Melbourne as a Senior Sales Executive.

FGI Worldwide has announced that Jason Duke has been appointed as Director of Business Development, FGI Tech. Jason has over 25 years of experience in financial technology, spanning enterprise software sales, product management and solutions engineering for banks, credit unions and financial technology providers.

Prior to joining FGI, he held enterprise sales and business development roles at Glia, Oracle and NCR.

Marsh has made the following new appointments:

Antonia Mogan has been appointed Head of Sales, Trade Credit. Antonia moves into the UK-wide role after three years as Practice Leader in Glasgow. She joined Marsh in 2022 as a Client Executive in Manchester. Before joining Marsh, Antonia spent more than six years with QBE Insurance, progressing through a number of trade credit underwriting roles.
Rob Butler has been appointed Head of Client & Partner Engagement. He has served as Head of Sales – Trade Credit UK since April 2025 and previously spent almost six years as Practice Leader – Birmingham Trade Credit. He joined Marsh in 2017 as a Client Executive following more than six years with Aon as a Client Manager in the West Midlands.
Bartosz Walczak has been appointed Client Executive, VP – Trade Credit Practice in London. Bartosz moves to the London team after holding the same role in Birmingham since January 2026. He joined Marsh's Trade Credit Practice through its graduate scheme in 2022.

The Bond & Credit Co. appoints Yuchen Peng as Underwriting Risk Manager. Yuchen joins The Bond & Credit Co. in Australia after almost ten years with Atradius, most recently as Senior Account Manager and Team Leader for South Australia/Victoria. Before joining Atradius in 2016, Yuchen spent more than six years with Coface in Australia, progressing from Risk Analyst to Head/Senior Manager, Credit Analysis & Debtor Risk Assessment.

The Texel Group appoints William Shaw as Chief Executive Officer. William has been with Texel for more than two decades, most recently serving as Deputy CEO in London following 12 years with the Group in Singapore. Earlier in his career, he spent nearly five years as Managing Director of Texel Finance Inc.

UK Credit Insurance Brokers has appointed Rio McFarlane as Account Manager. He joins from Brown & Brown UK, where he worked for more than three years. During his time at Brown & Brown, Rio progressed from Trainee Account Broker to Account Broker and, most recently, Account Manager.

WTW appoints Seçkin Atılgan as Head of Trade Credit, APAC, Senior Director, based in Singapore. Seçkin moves into the role after a year as WTW's Regional Growth Leader for APAC. He joined WTW in 2025 from Marsh, where he spent almost four years as Senior Vice President and Global Clients Group Sales Leader for Asia Pacific. Earlier in his career, Seçkin held a number of regional roles with Euler Hermes in Asia Pacific.

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New Appointments

Job Vacancies

BPL anchor

Job Vacancies

This Month's Featured Vacancies are from Nexus Trade Credit

New Business Commercial Underwriter

Reports To: Head of New Business

Location: Flexible – London or Manchester based

Nexus Trade Credit are currently recruiting for a New Business Commercial Underwriter to join our busy and growing underwriting team. The successful candidate will be able to take ownership of key broker relationships and grow new relationships as they look to expand Nexus’ existing portfolio.
You will be involved in business strategy decisions on how Nexus approach the underwriting market and will be reviewing submissions with a concentration on Insurable Turnovers of up to £10m. The potential is also there to develop the role in line with your career aspirations.
Within the role the successful candidate would form an integral part of the team and will be expected to represent the company’s interests at various meetings and events around the country.

Principal Duties/Responsibilities

Underwrite, price and negotiate terms with our broking partners according to the company’s strategy.
Develop and maintain strong relationships with brokers and prospects to ensure strong submission flow and profitable portfolio growth.
Achieve new business income target within turnover segment / nominated Brokers.
Organise, prepare and host strategy meetings with broking partners.
Manage your personal pipeline of ongoing quotes across the market and be able to present updates internally.
Have a good understanding of and the ability to work with the Risk Underwriting team to ensure we are targeting and providing the best solutions for our brokers and prospective clients.

Qualifications

Educated to A-Level standard or equivalent (minimum C grade in Maths and English)

Skills

Enthusiastic and hardworking individual with a focus on providing the best possible service.
Commercial awareness partnered with a strategic mind-set.
Experience in delivering client-focused solutions and creating long-lasting relationships.

Knowledge/Experience

You will have 2+ years’ work experience in credit insurance company or related industry, ideally in New Business Development.
A broad knowledge of and interest in domestic and global economic trends.
Awareness of credit insurance terminology and policy features.
Proficient working knowledge of MS Office software.

To Apply: Please send your CV and a covering letter to Jack Boakes jack.boakes@bbrown.com
By submitting your CV you confirm that you are agreeing to the Privacy Policy of Nexus Underwriting and consenting to Nexus Underwriting processing and holding your personal details.

PLEASE MENTION 'CREDIT INSURANCE NEWS' WHEN APPLYING.

Trainee New Business Commercial Underwriter

Reports To: Head of New Business

Location: Flexible – London or Manchester based

Nexus Trade Credit are currently recruiting for a Trainee New Business Commercial Underwriter to join our busy and growing underwriting team. The successful candidate will be able to take ownership of key broker relationships and grow new relationships as they look to expand Nexus’ existing portfolio of clients.
The role would be an ideal entry point into the Credit Insurance market. On-the-job training and mentorship will be provided to give you a full understanding of the underwriting process. This will include training on pricing, policy structures, products, etc… You would be expected to be involved in external broker meetings.

Within the role the successful candidate would form an integral part of the team and will be expected to represent the company’s interests at various meetings and events around the country.

Principal Duties/Responsibilities

Underwrite, price and negotiate terms with our broking partners according to the company’s strategy.
Develop and maintain strong relationships with brokers and prospects to ensure strong submission flow and profitable portfolio growth.
Achieve new business income target within turnover segment / nominated Brokers.
Organise, prepare and host strategy meetings with broking partners.
Manage your personal pipeline of ongoing quotes across the market and be able to present updates internally.
Have a good understanding of and the ability to work with the Risk Underwriting team to ensure we are targeting and providing the best solutions for our brokers and prospective clients.

Qualifications

Educated to A-Level standard or equivalent (minimum C grade in Maths and English).

Skills

Enthusiastic and hardworking individual with a focus on providing the best possible service.
Commercial awareness partnered with a strategic mind-set.
Experience in delivering client-focused solutions and creating long-lasting relationships

Knowledge/Experience

Ideally, but not essentially, you will have some experience of working in an office environment, be it in Credit Insurance company or a related industry.
A broad knowledge of and interest in domestic and global economic trends.
Proficient working knowledge of MS Office software.

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TCI Commercial Underwriter

Location: London

Salary: Open, depending on experience + bonus

Company:
We are supporting a Global Insurer who is hiring a TCI Commercial Underwriter to join their expanding UK team.

The role:
This is a very high profile, senior position in the market commanding a high degree of autonomy focussed predominantly on mid-market and multinational risks within a well-established and respected team.

You will play an integral part in promoting our client’s position in the trade credit market through handling a mix of existing and new business cases.
Working on a portfolio of cases from £50 - £500m turnover you will deliver a best in class client and broker experience whilst always developing our client’s position in the market.
You will use your proven experience to work closely with the established Risk Underwriting team where a detailed understanding of finance and economics will be highly beneficial.
You will enjoy a high level of engagement with the brokers ensuring they get all the support they require and that they benefit from your in-depth knowledge of the trends in the market.

You will need:
Previous experience in a commercial trade credit insurance role.

A commercial curiosity to be able to thoroughly understands the needs of all the clients in the portfolio.
A proven track record in building and maintaining successful relationships with the broker community.
Superb written and verbal communication skills.
A thorough understanding of the UK and global economy.
An ability to work independently and with a high level of accountability

Confidentiality
We have over 25 years of experience placing across the TCI and Surety markets. We always understand the need for discretion.

To Apply: For further information on this role and trends in the market please contact me for a confidential conversation. Email: t.wade@butlerrose.com or call 07552 710 596.

PLEASE MENTION 'CREDIT INSURANCE NEWS' WHEN APPLYING.

TCI Mid-Market Account Manager

Location: City/North UK
Salary: Open, depending on experience + bonus

We are supporting a Leading Insurer with a strong reputation for delivering specialist Trade Credit solutions across the UK.

This is a key role for someone who thrives in building client relationships and managing a portfolio of clients, whilst also winning new business.

The Role:

Take ownership if a thriving mid-market client portfolio, building on existing and new relations whilst delivering excellent service and driving client retention across various sectors.
Deliver tailored insurance advice and solutions that meet the needs of corporate clients.
Design and present bespoke insurance propositions aligned with client risk profiles & business objectives.
Drive business growth and develop new business opportunities, supported with warm leads and formally arrange meetings

You need:

Proven experience in Account Management across Trade Credit Insurance (Broker or Direct).
Strong relationship-building skills, and an established network.
Ability to work independently whilst working with the wider collaborative team.

Confidentiality
We have over 25 years of experience placing across the TCI and Surety markets. We always understand the need for discretion.

To Apply: For further information on this role and trends in the market please contact me for a confidential
conversation. Email: t.wade@butlerrose.com or call 07552 710 596.

PLEASE MENTION 'CREDIT INSURANCE NEWS' WHEN APPLYING.

TCI Mid-Market Account Executive

Location: London
Salary: Open (depending on experience), plus bonus

We are supporting a Leading Broker with a strong reputation for delivering specialist Trade Credit solutions across the UK.

This is a key role for someone who thrives in winning & building new business, and managing a portfolio of clients.

The Role:

To lead the day-to-day servicing of Mid-Market clients across multiple industries.
Client Relationship Management – be the primary point of contact & manage a portfolio of clients.
Business Development – leveraging and develop new insurer relationships to deliver best-in-class service across target sectors.
Provide strong technical capabilities to clients; including reviewing client documentation, preparing market presentations, marketing risks appropriately, and liaising with clients to resolve queries.
Expected to build collaborative working relationships with underwriters, support client renewals and mid term adjustments, maintain transparent communication, and uphold compliance with internal policies, procedures, and governance standards.

You Need:

Proven experience in Account Management and New Business across Trade Credit Insurance (Broker or Direct).
Strong relationship-building skills, and an established network.
Ability to work independently whilst working with the wider collaborative team.
Strong communication, numeracy, decision-making, negotiation, and the ability to work independently under pressure while maintaining attention to detail.

PLEASE MENTION 'CREDIT INSURANCE NEWS' WHEN APPLYING.

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Senior Risk Underwriter

Location: London
Salary: Open (depending on experience), plus bonus

Butler Rose Insurance is proud to work on an exclusive retained basis for one of the largest global carriers for a commercially focussed Senior Risk Underwriter to join their expanding City based team.
This role allows an experience Risk underwriter to add real value to the whole underwriting process and will work very closely with the Commercial team.

The role
This is a very high profile, senior Risk Underwriting position in the market commanding a high degree
of autonomy within the company.

You will play an integral part in the underwriting process underwriting and renewing credit limits across more than 160 countries handling a mix of existing and new business cases.
You will working particularly closely with the SMT, the Brokers and the Clients enjoying a prominent position leading the credit reporting for Internal and Group Risk Committees.
You will work closely with the Commercial Underwriting team covering both new business and existing clients ensuring a best in class level of service is achieved at all times.

You will need

Previous experience as a Risk Underwriter in Trade Credit Insurance is considered essential for you to be successful for this role.
A commercial curiosity from a Risk perspective for new and existing business enquires.
A proven track record in working with Commercial Underwriting teams, building and maintaining. successful relationships with the Broking community.
Superb numerical, financial, written and verbal communication skills.
A thorough understanding of the UK and global economy.
An ability to work independently and with a high level of accountability.

Confidentiality
We have over 25 years of experience placing across the TCI and Surety markets. We always
understand the need for discretion.

To Apply: For further information on this role and trends in the market please contact Ian Bull for a confidential conversation. Email i.bull@butlerrose.com or call 07815 934 333.

PLEASE MENTION 'CREDIT INSURANCE NEWS' WHEN APPLYING.

Senior Surety Underwriter

Location: London
Salary: Open (depending on experience), plus bonus

We are proudly working exclusively with one of the market’s most respected insurers as they look to further scale their existing Surety team.
This pivotal role is an additional hire for a Surety professional (broker or underwriter) looking to make a career step up into a more senior Surety Underwriting position. Signed off at Board level this role is designed to fast track your career allowing you substantial long term influence as the business scales.

The Role

As a Senior Surety Underwriter you will work as part of an established team with a proven track record of underwriting large UK and/or multinational risks.
Focussing mainly on non-construction risks you will work closely with the Head of Surety and other well respected Surety Underwriters with a focus on the long term growth of the book.
Your detail, focussed approach will ensure you assess a broad range of commercial sureties and guarantees working closely with the brokers and specialist retained legal support.

You Need

A proven background in the London Surety market – either as an underwriter or broker (with financial analysis skills) will be considered.
A meticulous financial analysis ability with a proven ability to understand the macro and micro economic environment.
A proactive, relationships first approach to delivering best in class levels of service to support the clients and brokers.

Confidentiality
We have over 25 years of experience placing across the TCI and Surety markets. We always
understand the need for discretion.

To Apply: For further information on this role and trends in the market please contact Ian Bull for a confidential conversation. Email i.bull@butlerrose.com or call 07815 934 333.

PLEASE MENTION 'CREDIT INSURANCE NEWS' WHEN APPLYING.

Events

Industry Events

GTR Commodities 2026, Geneva. 23 September 2026.
Following a record-breaking attendance of over 600 attendees at GTR Commodities 2025, we are already looking forward to hosting the leading gathering for the commodity community in 2026!

With another full day of unparalleled networking opportunities and thought-provoking discussions, this renowned conference will once again set the standard for market insight, exploring the latest trends and innovations shaping commodity trade and finance.

We look forward to welcoming you to GTR Commodities 2026 in Geneva on September 23.
Key event features

Connect with 1,500+ trade finance representatives
50+ exhibitors
8+ hours of networking opportunities with key stakeholders in the industry
Unparalleled expertise from 100+ speakers active in the market
Exceptional content on topics and regions covered
Opportunity to schedule meetings and swap business cards
GTR Ventures Tradetech Showcase
Evening drinks reception

For more information, go to https://www.gtreview.com/events/europe/gtr-commodities-2026-geneva/#overview.

GTR North Africa 2026, Cairo. 13-14 October 2026
Global Trade Review (GTR) is delighted to announce that GTR North Africa 2026 will be taking place in Cairo on October 13-14, expanding on the success of GTR Egypt to cover the wider North African market.

Building on GTR’s commitment to providing insights, highlighting innovation and fostering collaboration within Egyptian trade and export finance, this newly extended event will extend this focus across the Maghreb region, highlighting the tremendous trade opportunities to be found across markets such as Morocco, Tunisia and Libya.

With expert-led discussions, thought-provoking panels and invaluable networking across the trade finance ecosystem, this is an unmissable gathering for industry professionals to explore the latest developments, challenges and opportunities shaping the North African market.

The GTR team look forward to welcoming you.
Event themes:

Navigating fresh volatility in global commodity trade
Tariffs and the outlook on prices and trade flow
Long-term investment strategies and corporate diversification
Short-term cash flow and SME working capital
Geopolitical risk and managing supply chains
Liquidity and capex for soft and hard commodities

For more information, go to https://www.gtreview.com/events/mena/gtr-north-africa-2026-cairo/#overview.

GTR Türkiye 2026, Istanbul. 20 October 2026
ollowing the record-breaking success of GTR Türkiye 2025, which welcomed over 550 attendees, the GTR team are already looking forward to hosting the hallmark event for the Turkish trade finance market.

Join us on October 20 for GTR Türkiye 2026, taking place in Istanbul for a full day of unrivalled networking and market insights. Connect with senior decision-makers, C-suite professionals and leading exhibitors, and gain first-hand perspectives on the latest trends and developments shaping Türkiye’s trade landscape.

Don’t miss this premier opportunity to engage with the industry’s top minds and strengthen your position in the market.
Event features:

10+ exhibitors
4+ hours of networking opportunities with key stakeholders in the industry
Unparalleled expertise from 40+ speakers who are active in the market
Exceptional content on topics and regions covered
Opportunity to schedule meetings and swap business cards
Evening drinks reception

We look forward to welcoming you on October 20!
For more information, go to https://www.gtreview.com/events/europe/gtr-turkey-2026-istanbul/#overview.

GTR Trade Finance Investor Day , London.10 November 2026.
Global Trade Review (GTR) is delighted to announce that the GTR Trade Finance Investor Day will be held in London on November 10, 2026.

This event, taking place for the first time as part of the GTR calendar following its acquisition of the Trade Finance Distribution Initiative (TFDi), will continue the TFDi’s work in establishing trade finance as an investable asset class, bringing together stakeholders from across the trade finance and institutional investment sectors.

With a strong focus on networking and establishing key industry connections, a wide-ranging programme will focus on a broad suite of themes, including improving levels of transparency in trade risk and distribution, increasing levels of automation and enabling originators to attract institutional capital, unlocking the potential of private credit within global trade.

Key themes

Trade finance as an asset class: How to take the conversation forward
Navigating the liquidity premium: Meeting pricing and risk challenges
How is trade finance different to the bond market or liquid funds?
Market segmentation: What are investors targeting in trade finance?
How are recurrent geopolitical shocks reshaping the climate for investing?
Bridging banks and capital markets: New models for a new asset class
Whether you’re an institutional investor or asset manager, fintech, non-bank originator, insurer or trade bank involved in distribution, this event is a must-attend, as GTR brings all corners of the ecosystem together to discuss this exciting industry trend and the huge opportunities provided.

For more information, go to https://www.gtreview.com/events/europe/gtr-trade-finance-investor-day-2026/#overview.

Trade Credit Insurance Industry Dinner 2026 – Hosted by SCHUMANN, London. 12 November 2026
An Evening of Inspiration, Networking & Meaningful Impact
On Thursday, 12th November 2026, SCHUMANN is delighted to host this year’s annual Trade Credit Insurance
Industry Dinner 2026 – an exclusive event to celebrate industry achievements, strengthen professional relationships, and support a charitable cause.
Venue: City Central at the HAC – a premier venue in the City of London, providing an elegant setting for an exceptional evening.
Time: 6:30 PM – 1:00 AM

Evening Highlights:

Live music – An evening enriched by captivating performances
Gourmet dining and drinks – A premium menu with soft and alcoholic beverages included
Dress code: Black Tie – Formal attire recommended for an evening of sophistication

Tickets are now available. Further details can be found on the event page.
Secure your seat and join this special evening in the heart of London.

https://order.awesome-events.co.uk/events/trade-credit-insurance-industry-dinner-2026.

GTR Africa 2026, London.12 November 2026.
Returning on November 12, 2026, GTR Africa London is thrilled to convene the UK’s premier gathering once again for Africa-focused trade, export and infrastructure financing.

Welcoming over 500 delegates from leading banks, corporates and financial institutions, and providing more than three hours of dedicated networking time, the event serves as a vital meeting point for forging new partnerships and strengthening existing relationships across the African trade landscape.

With insights from more than 50 expert speakers, attendees can expect high-level discussions on African trade shifts, corporate finance trends, and infrastructure investment priorities.

GTR looks forward to welcoming you for another insightful and engaging conference!

For more information, go to https://www.gtreview.com/events/europe/gtr-africa-2026-london/#overview.

GTR Nordics 2026, Stockholm. 25 November 2026.
Firmly established as the region’s leading conference for trade, export and supply chain finance, we are pleased to announce that GTR Nordics will return to Stockholm on November 25, 2026!
Providing an exceptional platform for renewing and expanding business connections, this flagship gathering brings together 700 influential representatives from corporate, financial, fintech and ECA communities for unrivalled networking opportunities. Connect with more than 30 leading industry exhibitors to strengthen your market presence, and benefit from a carefully curated programme featuring insights from over 55 expert speakers. Gain essential knowledge and first-hand perspectives on the latest trends and developments shaping Nordic trade. The GTR team look forward to seeing you there!

For more information, go to https://www.gtreview.com/events/europe/gtr-nordics-2026-stockholm/#overview.

GTR US 2026, New York. 1 December 2026.
GTR will return to Manhattan on December 1 for GTR US 2026!

The leading event for the US trade and working capital financing community will once again bring together over 500 industry leaders to explore business-critical market trends and opportunities, featuring a highly focused one-day agenda packed with thought-provoking conversations, debate-driven discussions and practical guidance on the issues shaping the industry.

Providing unmatched networking opportunities with leading industry representatives and exhibitors, the event offers the ideal platform to reconnect with peers, forge new business relationships and gain critical insights into the evolving US trade and working capital financing landscape. We look forward to seeing you there.
For more information, go to https://www.gtreview.com/events/americas/gtr-us-2026-new-york/#overview.

About this month's Sponsor: Tinubu.
Trade credit doesn't fit standard software. Every risk turns on counterparty financials, legal entity structures and buyer-level exposure, and two carriers writing the same product price it differently. Force it onto a generic core and the result is familiar: slow quotes, lost deals, bad risks slipping through. Tinubu does the opposite. It is configured to trade credit's own rules, data, authorities and workflows. The software fits the business, not the reverse. Today 18 carriers in 30+ countries run their trade credit operations on Tinubu, on 26 years in the line.
One platform covers the lifecycle: intake, triage, risk scoring, exposure management, quote to bind, policy administration and claims. AI does real work here, not demos. It ingests and validates submission documents, filters out-of-appetite risks, pulls enrichment from several sources, scores risk at portfolio level, and aggregates exposure by buyer, group and country in real time.
The results are concrete. One export credit agency binds small-ticket buyer limits in ten minutes, down from fifteen days. A global private insurer moved 500,000 buyers on day one, across 30 countries and eight languages. In another, a new product went live in a new region in a month.
Tinubu also runs its own risk team: 15 analysts in Paris, Singapore and Mumbai, 50,000+ buyer decisions a year across 160 countries, and a proprietary scoring model built from 26 years of data, enriched by 50+ external sources.
Trade credit is moving onto modern software. Tinubu is where it runs. Learn more at tinubu.com.

About the sponsor

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