Leading market player for credit-related lines of business

Swiss Re Trade Credit, Surety and Political Risk Reinsurance offers customised credit risk solutions for specialised and multi-line insurers across the globe. We are considered a leading, long-standing and highly professional market partner for trade credit-related lines of business. Embedded in Reinsurance – Property & Specialty, our team of dedicated experts focuses on underwriting trade credit, surety and political risk treaty and facultative reinsurance products.

Credit insurance provides manufacturing, trading and service companies with coverage for outstanding trade receivables, protecting them against the risk of insolvency of their customer. Cover may be granted for short and medium-term trade receivables in domestic and export transactions.

Surety bonds are usually required under the terms of a construction or engineering contract, or in accordance with mandatory legal requirements. A surety bond guarantees that a party (contractor) fulfils its obligation towards another party (principal, beneficiary) according to the underlying contract. In order to trigger a loss under a bond, the contractor must either not perform or be declared in default, usually via insolvency.

Political risk insurance commonly protects manufacturing, trading and financial service companies against the loss on a trade transaction or the loss of an investment resulting from politically motivated measures. Risks covered typically include expropriation, political violence, currency inconvertibility and non-honouring of financial obligations.

 

For more information:

The International Credit Insurance & Surety Association (ICISA)

Panamerican Surety Association (PASA)

The Surety & Fidelity Association of America (SFAA)

National Association of Surety Bond Producers (NASBP)

Surety Association of Canada

Asociación Mexicana de Instituciones de Garantías (AMIG)

Forum Cauzioni e Credito

Trade credit insurance & surety: taking stock after the financial crisis

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