Allianz Trade is expanding its Excess of Loss capability in Germany, Singapore, Spain and Brazil.
As insolvencies rebound and as a result of a slowdown of economic activity at a global scale, Allianz Trade expects companies to need increasing support and protection against potential large and unexpected losses in 2023.
“Excess of Loss credit and political risk cover is particularly relevant in economic downturns as companies want the certainty of non-cancellable cover. By investing in local teams, we are ensuring our partners have access to Excess of Loss specialists in every region,” said Alexia Parmentier, global head of Excess of Loss at Allianz Trade.
Accommodating medium to large corporates, Excess of Loss offers non-cancellable limits to protect against catastrophic incidents in uncertain of economic times, covering insolvency, protracted default and political risk.
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