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The Trade Credit Reinsurance Scheme ensures that trade credit insurance coverage and credit limits are maintained during the coronavirus pandemic, helping businesses to trade with confidence.

Eligible insurers were invited to apply for a reinsurance agreement that covers domestic and overseas trade.

 

Details


The Trade Credit Reinsurance Scheme ensures that trade credit insurance coverage and credit limits are maintained during the coronavirus pandemic, helping businesses to trade with confidence.

 

Update 29 December 2020


The scheme has been extended by 6 months to 30 June 2021 and approved under relevant state aid rules.

 

Participating insurers


These are the participating insurers:

  • American International Group UK Limited
  • Atradius UK
  • Coface UK Branch
  • Credendo – short-term non-EU risks
  • Euler Hermes UK, a branch of Euler Hermes SA (NV)
  • Markel International Insurance Company Limited
  • Nexus Trade Credit
  • QBE UK Limited and QBE Europe SA/NV
  • Zurich Insurance plc

The scheme is available until 30 June 2021, backdated to 1 April 2020.

 

The Scheme Rules include information about:

  • eligibility
  • the application process
  • reporting requirements

Individual businesses do not need to sign up for the scheme as in-scope policies held with a participating insurer will automatically be eligible for inclusion.

 

Businesses should discuss their trade credit insurance needs with a participating insurer or insurance broker, or contact trade_credit_insurance@beis.gov.uk with any further questions.

For Further Support Please Complete The Contact Form

Malcolm Brabon

SME Manager

Ryan Davies

Growth Hub Team Leader

Karen Tyrrell

Growth Relationship Associate

Taygan Paxton

Growth Coordinator

Tom Hughes

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Information is provided on this website in good faith. However neither Coast to Capital Local Enterprise Partnership nor any associated organisation or individual provide any warranty or accept any liability for information provided.

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