Marsh launches service to support traders in recession
Global insurance broker and risk adviser Marsh has launched a new service aimed at firms struggling to renew trade credit cover due to the difficult economic conditions.
The new service will stabilise and improve credit limits, enabling firms to sustain normal trading with customers and other companies during the recession.
As part of the service Marsh’s specialist trade credit insurance team will collaborate closely with clients to bolster their situation with insurers, and, if necessary, to consider utilising the Government-supported top up scheme.
Head of UK and Ireland Trade Credit, Tim Smith, has explained that as economic conditions remain tough insurers are taking a more hardline stance in response to rising claims.
Because of this companies are finding it difficult to acquire the best level of coverage.
However, some relief may be on the way as a number of countries (including Germany, France and Japan) have reported leaving recession in Q2, raising the prospect that the United Kingdom might just return to growth in Q3.
Category: Insurance News, Marsh News
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