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Daily Insurance Industry News
Wednesday 25th of April 2018
April 29, 2010

Marsh launches EMEA trade credit practice

by Gill Montia

Story link: Marsh launches EMEA trade credit practice

Marsh has launched a Trade Credit Practice for Europe, the Middle East and Africa (EMEA).

The team is being led by Tim Smith, who was previously head of the broker’s UK trade credit practice.

Mr Smith is being succeeded in this role by Iain Maitland, who moves from head of trade credit at the recently acquired HSBC Insurance Brokers Limited.

Commenting on the launch, Marsh’s EMEA chief executive officer, David Batchelor, says: “Our clients have been severely impaired by the lack of availability of trade credit during the last year or so.”

He adds: “We have created this region-wide practice to deliver global insurance market access and the highest standards of benchmarking information and industry insight, wherever our clients are located.”

Meanwhile, Mr Smith, who has worked in trade credit at Marsh for the past 23 years, points out that the firm’s clients are now using trade credit insurance as a tool to support growth in new geographies, by collateralising debts.

Earlier this week, Marsh reported that the absorption of HSBC Insurance Brokers was proceeding ahead of schedule, although redundancies are anticipated and a consultation period in this respect has begun.

 

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