Credit insurer cover cuts leave retail sector reeling Insurance Credit Insurers have been dragged into the spotlight after it emerged that they have pulled cover on a host of some of the country’s biggest retailers over the past few months. Both Boohoo and Asos have been hit by insurers withdrawing cover on their transactions. Over the summer, it was revealed that Allianz Trade, formerly Euler [...]
Iceland shrugs off loss of credit insurance cover saying it is ‘incredibly well positioned’ and expects to reinstate the policy soon Iceland's credit cover pulled According to reports first published in The Sunday Times, the French insurer slashed cover for the discount grocer in December - following a similar move by Allianz and Atradidus.
Direct Line: Shares rise as insurer credits ‘pricing actions’ for strong motoring growth INSURANCE Direct Line's share price spiked by four per cent on the FTSE 250, making it the second-top riser on the index.
Asos suppliers cut ties amid struggling share price and profits June 7, 2023 Asos suppliers have reportedly begun to cut ties with the struggling fashion website following a move by credit insurers to pull cover amid falling profits, in a fresh knock of confidence for the brand. Leading creditors at Allianz Trade, formerly Euler Hermes, withdrew cover for suppliers last month, according to The Times, due to a [...]
UK government announces £10bn trade credit insurance scheme June 4, 2020 The UK government has said it will guarantee up to £10bn of trade credit insurance transactions as it seeks to relieve some pressure on British manufacturers and construction firms amid the coronavirus pandemic. The new scheme will be temporary, backdated to 1 April and run until 31 December this year, the Department for Business, Energy [...]
Take the hassle out of debt collection February 14, 2023 Recovering outstanding debt can be a hugely stressful process for all those involved. Access Credit Management can help take the sting out of it, offering more than 23 years of experience in dealing with slow-paying debtors, and having secured a reputation for securing and recovering outstanding commercial debt from around the world. Access Credit Management [...]
AO World shares crash amid worries over electrics retailer’s financial strength after insurer cuts cover July 4, 2022 Shares of online electricals retailer AO World are diving today amid worries over its financial strength after it was reported that a credit insurer has cut cover for the firm’s suppliers. The group saw shares fall by more than 18 per cent at one stage in morning trading today following the Sunday Times report revealing [...]
COP28: Global climate investment must hit £3.5 trillion during ‘decisive decade’ November 26, 2023 Global climate investment needs to rise to $3.6tn by 2026, Allianz Trade has said, ahead of the COP28 environmental summit this week.
The UK and the UAE must work together to beat climate change April 29, 2024 With an enabling regulatory environment, a world-class legal system, multifarious global connections and access to incredible talent and skills, the Square Mile is perfectly placed to help the Gulf nations achieve their green ambitions
The last year has taught us the City will always matter, if we stand by our values November 6, 2023 From the turmoil of a year ago, this is now a City which is not only being listened to but is fully participating in the national conversation, writes Nicholas Lyons.