Credit
Single Situation

Credit Insurance – Single Situation

Crum & Forster specializes in Credit Insurance and other risk financing solutions. Often referred to as “accounts receivable” or “failure to pay” insurance, Credit coverage is structured to protect valid and enforceable debt obligations against the risk of non-payment.

Credit Insurance is a vital credit management strategy, offering balance sheet protection and particularly for banks, balance sheet optimization. Through our U.S. admitted Credit Insurance platform and strategic partnership with the Nexus Group, we can address a full range of credit risks in North America, as well as risk-based eligible domiciles with a focus on G-7 located exposures.

To learn more, contact [email protected].

Contact

Donald Asadorian
Vice President
[email protected]

David Wright
Head of International Credit & Political Risk, Nexus C&F
[email protected]

Reece Whitchurch
International Credit & Political Risk Underwriter, Nexus C&F
[email protected]

Services & Solutions
Trade Credit Multibuyer
Mortgage Risk
Significant Risk Transfer (SRT)
Alternative Risk Solutions
Political Risk
Claim Services

Single Situation Solutions

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 [email protected].

Credit Financing Strategies

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 [email protected].

Nexus C&F Strategic Partnership

The Nexus Group has a strategic partnership and deep relationship with Crum & Forster. This enables us to provide coverage for credit/political risks and international surety 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.

About the Nexus Group

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 [email protected].

This overview is provided for informational purposes only and is not intended to be a representation of coverage that may exist in any particular situation under a policy issued by one of the companies within Crum & Forster. All conditions of coverage, terms and limitations are defined and provided for in the policy.