Article

International Trade Credit Policy Challenges

A large international industrial client approached C.I. to perform a comprehensive Enterprise Risk Assessment to uncover any risks their business may be exposed to. Their primary concern being the exposure to international trade credit risk to protect the insured businesses from losses related to buyers’ non-payment of commercial debts.

International Trade Credit Policy Solutions

Our Michigan-based industrial client had concerns about their exposure to potential tariffs and uncertainty surrounding their international supply chain.  We were able to manuscript various liability-related policies specifically for the risk and exposures of the client while simultaneously providing a turn-key captive solution within the EmpoweredRE reinsurance facility. This transaction from the beginning of the Enterprise Risk Assessment to the completed formation of the captive took less than 60 days.  

Case details

• C.I. provided multiple policies with varying coverages/limits including:
  • International Trade Credit: $3,000,000
  • Legal Defense and Litigation Expense: $3,000,00
  • Accounts Receivable: $3,000,000
• Client formed a wholly owned incorporated cell captive within the EmpoweredRE reinsurance facility
• Captive retained ~$1.8m gross written premium