Welcome to February's issue of Credit Insurance News Digest. This issue is sponsored by Tinubu® Square.
Index
Credit Insurance News
Dialogue launches credit and political risk insurance (CPRI) platform. GTR (Global Trade Review) has reported that London-based Dialogue Exchange has created a digital platform to streamline the back-and-forth between brokers and underwriters when buying and selling CPRI policies. The article notes that currently the broker goes out to the market, asks the underwriters to study the risk and then collates their responses - all of which are in different formats - into a form or table for the client’s review. The solution created by Dialogue aims to bring all of this onto one central platform, enabling brokers to build their own templates that can be sent to all of the underwriters on the platform. To read GTR's article visit https://www.gtreview.com/news/fintech/dialogue-launches-credit-and-political-risk-insurance-platform/.
Barclays announces a new Fintech partnership with Nimbla. Nimbla has announced that it has entered into a partnership with Barclays which will enable the bank's one million SME clients to take out insurance (costing from £6) against individual invoices with "simplicity and speed". Barclays' relationship managers will be introducing the product to their SME clients in the North East, Cumbria, South East London and Kent, before a full roll-out later in the year. Flemming Bengtsen, Founder & CEO of Nimbla, said: "We are focused on helping SMEs grow as well as protecting their business. A survey by Barclaycard suggested 58% of smaller businesses turn away new business as they did not feel comfortable offering credit terms. That is holding them back." To read Nimbla's blog go to https://www.nimbla.com/blog/barclays-announces-new-fintech-partnership-with-nimbla.
The increasing numbers of trade credit insurance claims in the UK in 2019 reflect the wider economic deterioration. In a recent interview Milo Bogaerts, Euler Hermes' UK & Ireland CEO, and Kris Macauley, Director of Risk,
Information, Claims & Collections, noted that the challenging UK economic landscape in 2019 resulted in the volume of the trade credit insurance claims submitted to Euler Hermes reaching a level 33% higher than it was two years ago.
The volume of credit limit applications requested by Euler Hermes' policyholders also increased by 20% compared to 2017. Despite this, the interview notes that 75% of Euler Hermes' claims were paid within 30 days, and 95% of credit limit applications received responses within two days - substantial improvements on previous years figures. To read the interview visit https://www.eulerhermes.co.uk/resources/how-we-work/interview-with-milo-kris.html.
Australian construction companies are warned that they "risk living and dying by the sword" without trade credit insurance. Insurance Business has published an article in which Nathan Wrobel, Managing Director and co-founder of Acquire Insurance Group, explains how although trade credit insurance is often overlooked in Australia, businesses would be safer and better placed for growth by taking out a policy. According to Mr Wrobel, this particularly applies to companies in the construction sector - an industry with an extremely high rate of insolvency. The construction industry is heavily influenced by trade credit insurance, he noted, and businesses "risk living and dying by the sword", if they fail to engage with it properly. To read Insurance Businesses' article visit https://www.insurancebusinessmag.com/au/news/construction/md-explains-the-importance-of-trade-credit-insurance-in-construction-210712.aspx.
Coface expects that corporate insolvencies in 2020 will increase in 80% of the countries for which it issues forecasts. During its Country Risk Conference in Paris, Coface's Chief Economist Julien Marcilly discussed some of the main threats for the global economy in 2020. He noted that Coface anticipates that international trade will grow by only 0.8% in 2020, while global growth, which had already shrunk last year due to these trade uncertainties, will reduce further to 2.4% - from 2.5% in 2019. Coface also expects corporate insolvencies to increase in 80% of the countries for which forecasts are issued this year, including the US (+3%), the UK (+3%, after a cumulative increase of 17% since the June 2016 referendum), Germany (+2%) and France (+1%). To read Coface's news release go to https://www.coface.com/News-Publications/News/Political-and-environmental-risks-are-the-main-threats-facing-businesses-in-2020.
Euler Hermes announces plans to enhance its digital services. In a recent interview, Euler Hermes UK & Ireland CEO, Milo Bogaerts, and Kris Macauley, Director of Risk, Information, Claims & Collections, discussed some of the digital enhancements that Euler Hermes is planning in 2020. This includes the launch and roll-out of Euler Hermes' newly revamped online customer portal to replace Eolis, MyEH, with more features and functionalities in development. Euler Hermes is also embarking on a multi-year project renovating the current internal policy administration system and has plans to start a new Special Risk Unit soon. To read the interview on Euler Hermes' UK website visit https://www.eulerhermes.co.uk/resources/how-we-work/interview-with-milo-kris.html.
New unsecured creditor figures illustrate the value of trade credit insurance. New research by InfolinkGazette has shown that the recent UK failure of Clintons (AG Retail Cards Ltd) has left 116 unsecured creditors owed over £74.8 million. Greg Connell, Managing Director of InfolinkGazette, commented: "Secured creditors should be covered, but there will be nothing other than the prescribed part (up to a maximum of £600,000) for unsecured creditors." Other recent significant failures include: Joyce Construction & Civils Ltd (£4,064,420 owed to 178 UK unsecured creditors); Regis UK Ltd (over £1 million owed to 117 UK unsecured creditors) and Boxing Channel Media Ltd (£14,745,500 owed to 19 unsecured creditors). For more information visit https://www.infolinkgazette.com/?pid=6.
Business insolvencies in the UK are expected to increase further in 2020. Atradius has warned that the long period of Brexit uncertainty has created a climate of negative sentiment which will likely persist in 2020. For British sectors dependent on imports, in particular food and agriculture, Atradius warns that Brexit could lead to higher import and logistics costs which they may struggle to absorb. As a result, Atradius expects that insolvencies will rise by 7% or more in the UK, while countries such as Ireland with close trading ties to the UK are also likely to be affected. Elsewhere in Europe, other important trading partners (including Belgium, the Netherlands and Denmark), are predicted to see a visible but more limited impact. To read Atradius' news release go to https://group.atradius.com/press-releases/brexit-the-new-norm.html.
Trade credit insurers are warned that in uncertain timers they need to ensure their foundations are as secure as possible. RPC's Annual Insurance Review 2020, warns that current global uncertainties linked to the UK's departure from the EU, the US presidential election, and talk of another financial crash could impact the trade credit market in 2020 more than other types of insurance. In consequence, the report warns that trade credit insurers will "want to ensure that their foundations are as secure as possible", and need to be exceedingly vigilant on the financials and related risk factors of the companies against whom they are taking the credit risk. However, RPC warns that "this could be easier said than done." To read RPC's news release visit https://www.rpc.co.uk/perspectives/insurance-reviews/annual-insurance-review-2020/political-risk-and-trade-credit/.
Aon estimates that as few as 20% of CFOs are taking advantage of the range of the credit insurance solutions available to them. Insurance Business has reported that a new report by Aon has noted that despite current uncertainties, there's still considerable room for increased uptake and awareness of credit insurance and surety products. Aon estimates that as few as 20% of CFOs are taking advantage of the full range of solutions available to them. Stuart Lawson, chief executive officer for EMEA, Credit Solutions, at Aon. "Businesses are under increased pressure to both free up capital and manage supply-chain risk. Credit insurance should be viewed as a critical tool in achieving these goals." To read Insurance Business' article go to https://www.insurancebusinessmag.com/uk/news/breaking-news/aon--credit-insurance-market-expanding-as-volatility-increases-213437.aspx.
The UK is set to outpace Europe in trade growth this year. GTR (Global Trade Review) has reported that Euler Hermes has predicted that the UK looks set to record a US$25 billion rise in the value of goods and services sold overseas in 2020. This is more than the Netherlands (US$21 billion), Germany (US$18 billion), Belgium (US$16 billion), France (US$11 billion), Spain (US$10 billion), Switzerland and Italy (each US$10 billion), with only China, the US and Canada set to record larger increases. However, while the headline figure looks good at first glance, Euler Hermes cautions that this comes following a US$29 billion contraction in 2019, and so still represents a decrease in value terms from the 2018 baseline. To read GTR's article visit https://www.gtreview.com/news/europe/uk-to-outpace-europe-in-trade-growth-this-year-us-seen-as-top-market-for-smes/.
Coface SA signs an agreement to acquire GIEK Kredittforsikring.
Coface SA has announced that it has signed an agreement with the Norwegian Ministry of Trade, Industry and Fisheries regarding the acquisition of GIEK Kredittforsikring.
Created in 2001, GIEK Kredittforsikring writes and manages the short-term export credit insurance portfolio previously underwritten by the Norwegian ECA, GIEK.
In 2018, the company recorded a total of around €9 million (NOK92m) of gross written premiums on a portfolio that is mostly made of export policies.
Xavier Durand, CEO of Coface, commented:
"A few weeks after the validation of our Partial Internal Model, this operation successfully concludes our strategic plan.” For more information go to https://www.coface.com/News-Publications/News/COFACE-SA-Agreement-to-acquire-GIEK-Kredittforsikring#.XjshF1NHCjI.linkedin.
Atradius warns of a 'potentially painful adjustment' post-Brexit. Insurance Business has reported that Atradius has warned that the 11-month Brexit transition period may not be long enough to buy the UK time as it carves out its future relationship with the European Union, and could potentially spell a painful adjustment in 2021. Atradius also asserted that a climate of negative sentiment has been created following the period of uncertainty, and it believes the negativity will likely persist in 2020 in the absence of details about what lies ahead, trade-wise, for the UK and the EU. To read Insurance Business' article go to https://www.insurancebusinessmag.com/uk/news/breaking-news/atradius-warns-of-potentially-painful-adjustment-postbrexit-212461.aspx.
Euler Hermes economic outlook for 2020/21 indicates muted global growth. A new report from Euler Hermes predicts that global growth will remain muted this year and in 2021 (at 2.4% and 2.8% respectively), with global insolvencies set to rise by 6% in 2020 compared with 9% in 2019. Also, although Euler Hermes predicts that 2020 is likely to not see any further escalation of the trade conflict between the US and China, it anticipates no further de-escalation, leading to low global trade volume growth of +1.8% in 2020 and +2.5% in 2021. To read Euler Hermes' report go to https://www.eulerhermes.com/en_global/media-news/news/Euler-Hermes-Economic-outlook-for-2020-2021-Defending-growth-at-all-costs.html.
Building trade credit resilience and finding opportunities. A new article by Trevor Williams, Head Of Credit & Surety Europe, warms that trade credit risk looks set to increase in coming years as a host of often unpredictable factors place additional strains on businesses in a decelerating global economy. However, he also notes that almost half of the larger businesses QBE has surveyed report having seen some degree of positive impact from unpredictable events. Analysis of business intelligence should, therefore, not be limited to just assessing risks, but also to finding opportunities, building trade credit resilience and creating a more diverse customer base. To read QBE's article go to https://qbeeurope.com/resilience/building-trade-credit-resilience/.
Substantial US downside risks could lead to a recession. Atradius' latest Country Report for the US has noted that economic growth started to slow down last year, with GDP expected to expand by 2.3% in 2019 and slow to 1.7% in 2020. Also, the country remains vulnerable to downside risks, and Atradius warns that any shock that may trigger a significant deterioration of household consumption growth which could send the US economy into a recession. US Insolvencies are also increasing again after nine years of decrease, and higher corporate debt and deteriorating creditworthiness of US businesses could lead to more insolvencies in 2020 than currently expected. To read Atradius' news release go to https://group.atradius.com/publications/country-report-north-america-usa-2020.html.
Top predictions for trade, supply chain and receivables in 2020 - an AIG Perspective. Trade Finance Global has published an interview in which AIG's Global Head of Trade Finance, Marilyn Blattner-Hoyle, discusses key highlights in trade, receivables and supply chain finance in 2019 and gives her predictions for the most significant challenges the industry will face in 2020. To read the interview go to https://www.tradefinanceglobal.com/posts/protecting-trade-finance-as-an-asset-class-an-insurers-outlook-for-2020/.
Etihad Credit Insurance announces plan to use Al Etihad Credit Bureau products. Insurance Business has reported that Etihad Credit Insurance (ECI) has subscribed with the Al Etihad Credit Bureau (AECB), a government body that provides credit information reports, in compliance with the UAE Credit Information Law. ECI said that the move is part of its extension of support towards exporters in the Middle Eastern market. To read Insurance Businesses' article visit https://www.logisticsmiddleeast.com/34905-etihad-credit-insurance-to-utilise-al-etihad-credit-bureau-products-to-support-smes-growth-in-the-uae-domestic-trade-credit.
Congratulations to . . .
Jamie Lindsay of Credit & Business Finance Ltd for winning January's News Quiz and achieving 100% accuracy in less than three minutes.
Jamie Lindsay of Credit & Business Finance Ltd for winning January's News Quiz and achieving 100% accuracy in less than three minutes.
New Appointments
Markel International has announced the appointment of Carl Titterton as divisional Managing Director of its trade credit, political risk and surety team. Mr Titterton joined Markel International in April 2010 as a senior underwriter, specialising in credit insurance.
He replaces Ewa Rose who left the company in January to join Aon (see Credit Insurance News Digest, January 2020).
TL Dallas & Co Limited has appointed David Wilson as Head of Trade Credit & Surety - Scotland & Northern Ireland, based in Glasgow. For the previous four years, Mr Wilson worked as Business Development Director at Aon.
AIG Trade Credit has appointed Shaun Christian as Technical Underwriting Manager. Mr Christian joins from Euler Hermes UK & Ireland, where he had worked since 1995 - most recently as Group Commercial Underwriting and Products Director.
Mike Holley has been appointed as Non-Executive Chairman of Equinox Global Limited, trading as Nexus Trade Credit. Mr Holley was previously CEO of Equinox Global Limited. He is also a Non-Executive Director of Got2Insure and London Handel Festival.
The Hartford has announced that it has appointed James Wilson to head up the business for the UK and Europe with responsibility for developing the firm’s credit and political risk insurance product. Mr Wilson moves from Chubb where he held a senior underwriter position.
BPL Global has announced the appointment of Anna Morgan as its new Legal Director to support and advise on legal matters across all product lines and client bases. Ms Morgan joins from Mitsubishi UFJ Financial Group.
Job Vacancies
Do you have a passion for international trade, exports or finance?
Do not miss this opportunity: we are reinforcing our teams with new talent! Engage in a career at Credendo, a leading European Credit insurance company.
Credendo – Export Credit Agency has been excelling in export credit insurance for almost a century. The company has grown to become a European player, which is active nowadays in fourteen European countries under the name of Credendo.
520 enthusiastic professionals, 300 of whom are working in Belgium, assess the risks linked to international trade transactions and elaborate solutions to cover them.
In order to reinforce our teams in our UK branch, we are currently looking for an Account Manager (m/f).
Your position
As an Account Manager, you will be working in the UK branch (London – City) and reporting to the Country Manager.
Your profile
Do not miss this opportunity: we are reinforcing our teams with new talent! Engage in a career at Credendo, a leading European Credit insurance company.
Credendo – Export Credit Agency has been excelling in export credit insurance for almost a century. The company has grown to become a European player, which is active nowadays in fourteen European countries under the name of Credendo.
520 enthusiastic professionals, 300 of whom are working in Belgium, assess the risks linked to international trade transactions and elaborate solutions to cover them.
In order to reinforce our teams in our UK branch, we are currently looking for an Account Manager (m/f).
Your position
As an Account Manager, you will be working in the UK branch (London – City) and reporting to the Country Manager.
- You will develop and manage your own portfolio of clients.
- You will provide advice and solutions according to the client’s requirements.
- You will build a long-term partnership with both decision makers, stakeholders and brokers.
Your profile
- You have the required experience in the Trade Credit industry at a broker, Insurer or within the Financial Industry.
- You are proficient in English (both written and oral communication), other languages are an asset.
- You have a commercial outlook, inspire trust, and are able to build long-term business relationships whilst providing the best solutions for your client.
- We are looking for dynamic individuals who are able to demonstrate initiative.
- You are results-orientated
- We are looking for an efficient individual who is able to prioritise tasks and manage their time effectively.
- We are looking for a team player who can also manage their own workloads.
- A challenging job in an international environment.
- A competitive salary, with continuous learning opportunities to develop your talent.
To apply for this position please click here
Events & Offers
GTR MENA,17-18 February 2020. Dubai.
Widely recognised as the most comprehensive and long-established trade finance gathering for the Middle East & North Africa, GTR MENA 2020 will return to Dubai on February 17-18, 2020, welcoming over 800 key figures from local, regional and global markets and providing access to hundreds of companies engaged in international trade. Offering an unrivalled platform for increasing awareness of the market challenges, attendees will have the opportunity to hear from over 80 business heads from across the global trade industries, employing a wide range of session formats and networking activities to facilitate high-quality conversations and business development opportunities.
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
Widely recognised as the most comprehensive and long-established trade finance gathering for the Middle East & North Africa, GTR MENA 2020 will return to Dubai on February 17-18, 2020, welcoming over 800 key figures from local, regional and global markets and providing access to hundreds of companies engaged in international trade. Offering an unrivalled platform for increasing awareness of the market challenges, attendees will have the opportunity to hear from over 80 business heads from across the global trade industries, employing a wide range of session formats and networking activities to facilitate high-quality conversations and business development opportunities.
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR Turkey, 4 March. Istanbul.
GTR Turkey will return to Hotel Fairmont Quasar in Istanbul on March 4, 2020. As the leading trade and export financing event of its kind in the country, and with established support from key industry institutions, the event will provide Turkish corporates, financiers and investors with a key platform at which to make valuable business contacts and learn from the leading figures in international trade and investment. With over 300 representatives from international and regional companies expected in attendance, the event will feature innovative content designed to foster maximum engagement between speakers and delegates, bringing all parties involved in Turkish trade together for a one-day focused gathering.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR Turkey will return to Hotel Fairmont Quasar in Istanbul on March 4, 2020. As the leading trade and export financing event of its kind in the country, and with established support from key industry institutions, the event will provide Turkish corporates, financiers and investors with a key platform at which to make valuable business contacts and learn from the leading figures in international trade and investment. With over 300 representatives from international and regional companies expected in attendance, the event will feature innovative content designed to foster maximum engagement between speakers and delegates, bringing all parties involved in Turkish trade together for a one-day focused gathering.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
International Chamber of Commerce (ICC) Academy’s 9th Supply Chain Finance Summit, 4-5 March 2020. Singapore.
Now in its 9th edition, the ICC Academy, the educational arm of the International Chamber of Commerce (ICC), is set to host the next chapter of its annual Supply Chain Finance Summit. Marked by its year-on- year success, the event returns to Singapore on 4-5 March 2020, highlighting the island city-state’s standing as a pivotal trade and financial hub that continues to shape the development of Asia’s supply chain.
Blending a more global perspective with regional highlights, the 2020 agenda will focus on some of the most in-demand subjects in the supply chain process. Topics of discussion to include the evolving role of corporate treasurers; alternative finance as the mainstay of SCF; innovative SCF and financing the digitized supply chain; managing the cross-border supply chain, ‘Green Supply Chain’ and a debate on Banks vs Fintech.
This two-day flagship event will bring together over 300+ of the most influential global trade and supply chain finance experts, banking professionals, business leaders, lawyers and government officials from over 20 countries to debate the critical issues affecting the physical supply chain and supply chain finance industry.
The signature event will aim at providing a platform for global professionals, practitioners, and institutionalists to exchange insights and ideas on the latest developments and challenges in the supply chain industry. Participants will be able to gain valuable knowledge from in-depth panel discussions, examine key case studies and enjoy an array of dedicated networking opportunities. In addition to the formal sessions, this summit will also be a valuable platform for informal dialogue among the fellow delegates and experts to share ideas and experiences and enjoy a good networking. For more information about the summit, login to the official event website.
Get 20% off with our early bird offer using code scf2020-earlybird until 31 Dec!
Now in its 9th edition, the ICC Academy, the educational arm of the International Chamber of Commerce (ICC), is set to host the next chapter of its annual Supply Chain Finance Summit. Marked by its year-on- year success, the event returns to Singapore on 4-5 March 2020, highlighting the island city-state’s standing as a pivotal trade and financial hub that continues to shape the development of Asia’s supply chain.
Blending a more global perspective with regional highlights, the 2020 agenda will focus on some of the most in-demand subjects in the supply chain process. Topics of discussion to include the evolving role of corporate treasurers; alternative finance as the mainstay of SCF; innovative SCF and financing the digitized supply chain; managing the cross-border supply chain, ‘Green Supply Chain’ and a debate on Banks vs Fintech.
This two-day flagship event will bring together over 300+ of the most influential global trade and supply chain finance experts, banking professionals, business leaders, lawyers and government officials from over 20 countries to debate the critical issues affecting the physical supply chain and supply chain finance industry.
The signature event will aim at providing a platform for global professionals, practitioners, and institutionalists to exchange insights and ideas on the latest developments and challenges in the supply chain industry. Participants will be able to gain valuable knowledge from in-depth panel discussions, examine key case studies and enjoy an array of dedicated networking opportunities. In addition to the formal sessions, this summit will also be a valuable platform for informal dialogue among the fellow delegates and experts to share ideas and experiences and enjoy a good networking. For more information about the summit, login to the official event website.
Get 20% off with our early bird offer using code scf2020-earlybird until 31 Dec!
20th anniversary Receivables Finance International Convention, 10-11 March. London.
Join the global receivables finance sector's premier event:
This year’s 20th anniversary Receivables Finance International Convention is set to be BCR’s biggest yet: 47 speakers confirmed and a substantial exhibition of technology providers plus the RFIx Awards Gala Dinner.
RFIx is happening at a very special time of rapidly increasing scope and opportunity for the receivables finance industry. This whole sector is evolving and developing so rapidly that these are very exciting, even shocking times. Come, join us and be a part of something special…
Book your place for #RFIx20, which takes place on 10-11 March 2020, London Marriott Hotel Grosvenor Square and help define the future of working capital finance: Go to https://bcrpub.com/events/rfix-%20receivables-finance-international-convention-2020 to https://bcrpub.com/events/rfix-receivables-finance-international-convention-2020.
Join the global receivables finance sector's premier event:
This year’s 20th anniversary Receivables Finance International Convention is set to be BCR’s biggest yet: 47 speakers confirmed and a substantial exhibition of technology providers plus the RFIx Awards Gala Dinner.
RFIx is happening at a very special time of rapidly increasing scope and opportunity for the receivables finance industry. This whole sector is evolving and developing so rapidly that these are very exciting, even shocking times. Come, join us and be a part of something special…
Book your place for #RFIx20, which takes place on 10-11 March 2020, London Marriott Hotel Grosvenor Square and help define the future of working capital finance: Go to https://bcrpub.com/events/rfix-%20receivables-finance-international-convention-2020 to https://bcrpub.com/events/rfix-receivables-finance-international-convention-2020.
GTR Africa, 11-12 March. Cape Town.
GTR Africa returns to Cape Town on March 11-12 for the definitive event in African trade and infrastructure finance, set to welcome over 400 delegates all keen to discuss the unrivalled business opportunities found on the continent. Take advantage of the opportunity to hear from a wide range of experts, including corporates, banks and alternative financiers, government bodies and various other actors all involved in the exciting world of African trade, as well as unrivalled chances to network and enjoy the beautiful setting of Cape Town!
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR Africa returns to Cape Town on March 11-12 for the definitive event in African trade and infrastructure finance, set to welcome over 400 delegates all keen to discuss the unrivalled business opportunities found on the continent. Take advantage of the opportunity to hear from a wide range of experts, including corporates, banks and alternative financiers, government bodies and various other actors all involved in the exciting world of African trade, as well as unrivalled chances to network and enjoy the beautiful setting of Cape Town!
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR Russia 2020, 1 April. Moscow.
GTR Russia 2020 will once again come to Moscow in April. Russia’s most established gathering for the trade and export finance industry last year gave increased attention to the corporate experience in both the import and export space, as well as offering a platform for local and international ECAs to offer their perspectives and plans. Attendees will benefit from critical market insight and idea-sharing through a series of informative discussions, and networking sessions in various formats, providing access to over 100 companies engaged in some of the most influential sectors in the region.
GTR Russia 2020 will once again come to Moscow in April. Russia’s most established gathering for the trade and export finance industry last year gave increased attention to the corporate experience in both the import and export space, as well as offering a platform for local and international ECAs to offer their perspectives and plans. Attendees will benefit from critical market insight and idea-sharing through a series of informative discussions, and networking sessions in various formats, providing access to over 100 companies engaged in some of the most influential sectors in the region.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR UK 2020. 6 May. London.
GTR UK 2020 will take place in London on May 6, bringing the trade community together to discuss the potential implications for corporates, financiers and policymakers alike. The event will also consider the important role that all stakeholders have to play in promoting British businesses abroad and seizing on the huge opportunities to secure the UK’s future prosperity, with a strong focus on the role of the financial services community and the UK government in developing a global network to support trading companies.
GTR UK 2020 will take place in London on May 6, bringing the trade community together to discuss the potential implications for corporates, financiers and policymakers alike. The event will also consider the important role that all stakeholders have to play in promoting British businesses abroad and seizing on the huge opportunities to secure the UK’s future prosperity, with a strong focus on the role of the financial services community and the UK government in developing a global network to support trading companies.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR East Africa 2020, 14-15 May. Nairobi.
GTR East Africa marks its 11th annual conference in Nairobi, Kenya on 14-15 May 2020, where a cutting edge agenda will explore the key macroeconomic, geopolitical, financial market and tech trends shaping the East African trade finance landscape. This two-day conference provides GTR attendees with a unique opportunity to network with over 350 delegates all under one roof.
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR East Africa marks its 11th annual conference in Nairobi, Kenya on 14-15 May 2020, where a cutting edge agenda will explore the key macroeconomic, geopolitical, financial market and tech trends shaping the East African trade finance landscape. This two-day conference provides GTR attendees with a unique opportunity to network with over 350 delegates all under one roof.
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
TXF Global 2020: Export, Agency & Project Finance, 3-5 June 2020. Madrid.
The global export, agency & project finance games return for 2020! Join TXF on 3-5 June in Madrid for the largest gathering of its kind with a vision to taking your network further than ever before.
With the CEOs of EKF, MIGA, US EXIM and more already in training for the Olympic games, along with 1000 of the industry’s key players, quite simply, this is the event you cannot afford to miss.
Packing the mightiest of punches, TXF Global will again combine keynote addresses from CEOs and state ministers outlining the future of industry, sustainability and digitisation, as well as infrastructure and project roadmaps. Mixed with detailed technical workshops, lively debate forums and regional roundtables TXF Global allows for an intimate networking environment like no other.
As a Credit Insurance News member, get an exclusive 15% off the standard ticket price using code: LETTHEGAMESBEGIN on the booking page.
Visit the website to find out more.
The global export, agency & project finance games return for 2020! Join TXF on 3-5 June in Madrid for the largest gathering of its kind with a vision to taking your network further than ever before.
With the CEOs of EKF, MIGA, US EXIM and more already in training for the Olympic games, along with 1000 of the industry’s key players, quite simply, this is the event you cannot afford to miss.
Packing the mightiest of punches, TXF Global will again combine keynote addresses from CEOs and state ministers outlining the future of industry, sustainability and digitisation, as well as infrastructure and project roadmaps. Mixed with detailed technical workshops, lively debate forums and regional roundtables TXF Global allows for an intimate networking environment like no other.
As a Credit Insurance News member, get an exclusive 15% off the standard ticket price using code: LETTHEGAMESBEGIN on the booking page.
Visit the website to find out more.
GTR US 2020, 17 June 2020. Chicago.
GTR US 2020 will return to Chicago for its fourth year on June 17, 2020, where US companies and their financing partners will meet to discuss the evolution of the trade, supply chain and working capital space. Featuring a host of expert speakers, the event will provide the latest business intelligence required to navigate trade-related risks, and the practical know-how enabling those tasked with facilitating US commerce to form resilient, agile trade financing and risk management strategies. With leading corporates, banks, financiers, insurers and digitization specialists in attendance, this event is not to be missed for those looking to create crucial industry contacts and optimize their trade business.
GTR US 2020 will return to Chicago for its fourth year on June 17, 2020, where US companies and their financing partners will meet to discuss the evolution of the trade, supply chain and working capital space. Featuring a host of expert speakers, the event will provide the latest business intelligence required to navigate trade-related risks, and the practical know-how enabling those tasked with facilitating US commerce to form resilient, agile trade financing and risk management strategies. With leading corporates, banks, financiers, insurers and digitization specialists in attendance, this event is not to be missed for those looking to create crucial industry contacts and optimize their trade business.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR Asia 2020, 8-9 September 2020. Singapore.
GTR Asia will return to Singapore from September 8-9 to host over 1,300 decision-makers and leaders from the global trade, export and fintech community. A leading global financial hub and home to a dynamic and thriving financial ecosystem, Singapore provides the perfect backdrop to explore the future of international trade and investment.
GTR Asia will return to Singapore from September 8-9 to host over 1,300 decision-makers and leaders from the global trade, export and fintech community. A leading global financial hub and home to a dynamic and thriving financial ecosystem, Singapore provides the perfect backdrop to explore the future of international trade and investment.
Offering a truly global perspective and tackling issues with a forward-looking outlook, GTR aim to create events for those passionate about issues that define the trade finance world. Hosted for over a decade, GTR Asia is recognised as the world’s largest international gathering for local and international organisations: from banks to multinational corporations and SMEs, independent financiers, commodity brokers and traders, insurers and risk managers, lawyers, consultants, ECAs and multilaterals and many more.
Attendees will gain valuable business contacts and learn from the leading figures in the industry; Hear fresh and challenging perspectives from over 100 of the world’s leading trade, treasury and fintech experts; Enjoy innovative content designed to foster maximum engagement between speakers and delegates, bringing all parties involved in Asian trade together for a two-day focused conference and networking exhibition.
Don’t miss your chance to join leading corporates and trade specialists for two days of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
Commodities Trading Forum, 16 September 2020. Geneva.
Building on the success of 2019’s inaugural Geneva event and reflecting increased collaboration and partnership with the Swiss Trading & Shipping Association (STSA), GTR is delighted to announce that its newly expanded Commodities Trading Forum will be taking place at the Intercontinental Hotel Geneva on September 16, 2020. Co-hosted and held in partnership with both the STSA and PwC, and reflecting on Switzerland’s role as one for the world’s leading hubs for commodities from oil and gas to metals and agribusiness products, the conference will provide a comprehensive overview of the global commodities and commodity finance markets. Attendees will benefit from critical market insight and idea-sharing through a series of interactive and informative session formats, whilst unchallenged networking opportunities will provide access to over 200 different companies involved in the financing of global commodities.
Building on the success of 2019’s inaugural Geneva event and reflecting increased collaboration and partnership with the Swiss Trading & Shipping Association (STSA), GTR is delighted to announce that its newly expanded Commodities Trading Forum will be taking place at the Intercontinental Hotel Geneva on September 16, 2020. Co-hosted and held in partnership with both the STSA and PwC, and reflecting on Switzerland’s role as one for the world’s leading hubs for commodities from oil and gas to metals and agribusiness products, the conference will provide a comprehensive overview of the global commodities and commodity finance markets. Attendees will benefit from critical market insight and idea-sharing through a series of interactive and informative session formats, whilst unchallenged networking opportunities will provide access to over 200 different companies involved in the financing of global commodities.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
GTR Nordics 2020, 12 November 2020. Stockholm.
After many consecutive years of attendance growth we are delighted to announce that GTR Nordics 2020 will take place on November 12, moving to the larger event space at the Radisson Blu Waterfront, Stockholm. While offering a more comfortable space to mingle, this also provides the opportunity to add some exciting new event features. GTR Nordics 2020 promises to be the biggest and best yet: Watch this space for more details as we move towards the conference date! Last year GTR Nordics returned to Stockholm and welcomed another record-breaking audience of over 500 trade finance experts, insurers, bankers, ECAs, technology innovators and corporates of all sizes.
After many consecutive years of attendance growth we are delighted to announce that GTR Nordics 2020 will take place on November 12, moving to the larger event space at the Radisson Blu Waterfront, Stockholm. While offering a more comfortable space to mingle, this also provides the opportunity to add some exciting new event features. GTR Nordics 2020 promises to be the biggest and best yet: Watch this space for more details as we move towards the conference date! Last year GTR Nordics returned to Stockholm and welcomed another record-breaking audience of over 500 trade finance experts, insurers, bankers, ECAs, technology innovators and corporates of all sizes.
Don’t miss your chance to join leading corporates and trade specialists for a day of discussion, debate and networking. Limited amounts of complementary corporate passes are available to those who are exporters, importers, manufacturers, distributors, traders & producers of physical goods only. For more information, visit here.
Founded in 2000 by current senior management, Tinubu® Square is a software vendor, enabler of the Credit Insurance and Surety & digital transformation, with over 20 years of sustainable growth.
Tinubu® Square enables organizations across the world to significantly reduce their exposure to risk and their financial, operational and technical costs with best-in-class technology solutions and services.
Tinubu® Square provides SaaS solutions and services to different businesses including credit insurer, surety carriers and multinational corporations.
As a fintech innovation flagship, Tinubu® Square has redesigned trade credit risk management through its state-of-the-art technological approach, which integrates data & decision analytics, and process automation expertise.
Thanks to its highly experienced team of credit analysts, Tinubu® Square provides tailor-made credit risk assessments and recovery services on any company in any country.
Tinubu® Square has built an ecosystem of customers in over 20 countries worldwide and has a global presence with offices in Paris, London, New York, Montreal and Singapore.
Take a look at what Tinubu® Square’s credit insurers customers, including EDC, The Bond & Credit Company and The Guarantee, have to say about how their organizations have been supported by Tinubu® Square. Click here.
Tinubu® Square enables organizations across the world to significantly reduce their exposure to risk and their financial, operational and technical costs with best-in-class technology solutions and services.
Tinubu® Square provides SaaS solutions and services to different businesses including credit insurer, surety carriers and multinational corporations.
As a fintech innovation flagship, Tinubu® Square has redesigned trade credit risk management through its state-of-the-art technological approach, which integrates data & decision analytics, and process automation expertise.
Thanks to its highly experienced team of credit analysts, Tinubu® Square provides tailor-made credit risk assessments and recovery services on any company in any country.
Tinubu® Square has built an ecosystem of customers in over 20 countries worldwide and has a global presence with offices in Paris, London, New York, Montreal and Singapore.
Take a look at what Tinubu® Square’s credit insurers customers, including EDC, The Bond & Credit Company and The Guarantee, have to say about how their organizations have been supported by Tinubu® Square. Click here.
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