Allied World Assurance (AWH) has launched its suite of trade credit & political risk insurance products in Canada.
Introduced as part of the global crisis management division, this coverage helps clients mitigate the risk of non-payment due to customer insolvency, protracted default and/or international political risk.
Last year, AWH launched a new global crisis management division to provide a wide range of products for organizations.
This product protects accounts receivable against customer default with competitive and customizable policy features, while providing certainty around a company’s balance sheet.
Allied World executive vice-president, Global Crisis Management Division head Todd Germano said: "We’re pleased to bring this important coverage to the Canadian market. Our specialized approach allows us to craft solutions on a structured or short-term basis, tailoring coverage to meet client needs."
Allied World Global Crisis Management Division senior vice-president Kent Paisley added: "As global economies become more complex and interconnected, it’s prudent for companies to protect their balance sheets from the risk of non-payment and other critical financial risks."
Paisley, who has more than 25 years of trade credit insurance experience, leads this product group and will serve Canada from Allied World’s Toronto offices.
In 2014, Allied World North America launched Mergers & Acquisitions (M&A) unit for the Canadian market.
Image: AWH launches its suite of trade credit & political risk insurance products. Photo: David Castillo Dominici / FreeDigitalPhotos.net.