Allied World Assurance Company Holdings, AG, has launched its suite of trade credit and political risk insurance products in Canada, as part of the global crisis management division.
The company said in a statement that this coverage will help clients mitigate the risk of non-payment due to customer insolvency, protracted default, and/or international political risk.
Todd Germano, executive vice president and head of the global crisis management division, commented, “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.”
Kent Paisley, senior vice president of the global crisis management division, commented, “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.”
Mr. Paisley, an industry veteran with over 25 years of trade credit insurance experience, leads this product group and will serve Canada from Allied World's Toronto offices.
Learn more: www.awac.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].