Trade Credit Trade credit insurance protects sellers of goods and services on credit against the risk of customer non-payment due to customer insolvency, protracted default, political events, or acts of war that prevent contract performance. The market is growing rapidly, especially in the Asia-Pacific region. After reaching a value of US$10.9 billion in 2021, [...]
CYBER INSURANCE MARKET: Is There Light at the End of the Tunnel? In late 2020, after years of soft market conditions, the cyber insurance market abruptly entered a hard market. A significant increase in frequency and severity of ransomware attacks and cybercrime between 2019 and 2020 sent the market into a tailspin. Cyber insurers [...]
It is with great dismay that we learned, our long-standing business partner and advisory board member, Mr. Bernd-Christian Schuler, passed away at the end of last week. At the age of 69, he passed away peacefully in the presence of his loved ones after a protracted illness. Our regret about Mr. Schuler's premature death could [...]
Interview with "Patengemeinschaft für Kinder in Indien e.V.", a German association, TRC supports and sponsors for many years. What is behind the Patengemeinschaft? The Patengemeinschaft is a German non-profit association, which runs various aid projects in South India. We are recognized as a charitable organization and are therefore entitled to issue donation receipts. Every [...]
We are pleased to announce that the following international partners have joined the TRC network in 2021 and 2022. We sincerely welcome all new partners and look to a successful joint future and cooperation. APO Plus Founded in 2006 Employees: 8 Country: Serbia and Montenegro Profile: APO Plus is a specialised and [...]
Us-based Gallagher yesterday announced that it has fully integrated its Turkish subsidiary Brokers’ House, and the business will be branded Gallagher from next Monday, 19 September. The development marks Gallagher’s first direct presence in Turkey following the acquisition of Brokers’ House in August last year. Founded in 2010, the business is a commercial insurance and facultative [...]
Big news in the GGW Group: BDJ, the long-established industrial insurance broker and underwriter, becomes part of the broker group headed by Dr. Tobias Warweg. The brokerage division of the Hamburg-based company will be closely integrated with GGW's brokerage business. However, brand and location are to be retained and there are to be no layoffs, [...]
Australian insurance broker AUB Group said on Monday it would buy London-based Lloyd’s of London wholesale insurer broker Tysers for 880 million Australian ($620.5 million) to expand the range of its products. Tysers, the sixth-largest wholesale broker in the Lloyd’s marketplace, has about 1,100 employees and writes annual gross premiums of A$3.6 billion. “Tysers provides [...]
The cover provided through the state Consorcio pool, as well as the obligations and problems associated with it, usually raise a number of questions. We are trying to give a global overview, details directly on the web www.consorseguros.es ; English version. Consorcio de Compensación de Seguros is a public entity attached to the Ministry [...]
Santam, South Africa’s largest non-life insurer, has taken full control of Indwe Broker Holdings after acquiring the shareholding from African Rainbow Capital Financial Services and Sanlam. Before the transaction, Santam held 24% of Indwe, while ARC Financial Services owned 51% and Sanlam held 25%. The transaction makes Indwe a wholly owned subsidiary of Santam and [...]