Credit Insurance is underwritten for a single debtor, owing monies to the insured. This encompasses the sales of goods or services from an insured seller, as well as amounts owing to a financial institution with regard to the financing of a project or other forms of bank obligations.
Our highly experienced Credit team is active in insuring bank-to-bank obligations, allowing the insured financial institution to increase its exposure to acceptable banks. Coverage is available for both short- and medium-term tenors.
For details, contact Donald.Asadorian@cfins.com.
Financial institutions may leverage credit financing strategies, including, but not limited to, the confirmation and refinancing of letters of credit, bilateral trade loans, participation in international syndications and prepayment of export financing.
Credit Insurance can be underwritten on private obligors, as well as public sector sovereign and non-sovereign entities.
For additional information, contact Donald.Asadorian@cfins.com.
The Nexus Group has a strategic partnership and deep relationship with Crum & Forster. This enables us to provide coverage for credit/political risks through Nexus C&F, serving insureds domiciled principally in the U.K. or European economic region and an MGA affiliation for multibuyer trade credit in both the U.S. and global markets. Through our partnership, Nexus C&F offers insurance policies that are typically underwritten on the Nexus Group’s London-based European platforms.
Nexus C&F’s International Credit & Political Risk unit offers a full suite of insurance solutions via a binding authority writing on behalf of Hamilton Insurance DAC, whose business is reinsured 100% by U.S. Fire Insurance Company.
Nexus C&F benefits from the Nexus Group’s extensive global platform infrastructure, corporate oversight and multinational relationships.
The Nexus Group is the largest independent international specialty Managing General Agent (MGA) in the London market.
In 2020, Nexus employed over 300 professionals in nine countries, underwriting over £320 million of gross written premium in more than 15 specialty classes of business.
At the Nexus Group, perceptive underwriting is key, driven by an experienced team with dedicated expertise in specialty business classes.
To learn more about the Nexus Group and Nexus C&F, contact David Wright at DWright@cfinsint.com.