Allied World introduce accounts receivable insurance in the US

Re/insurer Allied World Assurance Company has launched accounts receivable insurance in the US in addition to Canada.

The coverage assists chief financial officers and senior financial executives with mitigating the risk of non-payment due to customer default or insolvency, and provides certainty around their companies’ balance sheets.

As part of Allied World’s global crisis management product suite, accounts receivable insurance is now offered alongside product recall, structured trade credit and political risk coverage, all on a global basis.

Todd Germano, executive vice president, Allied World global crisis management division, said: “As part of our overall global crisis management vision and strategy, we are very pleased to bring accounts receivable insurance to the US market.”

Kent Paisley, senior vice president of the global crisis management division, added: “We are excited to move forward and have our global team of product experts in place, including Glenn Robins, vice president, accounts receivable insurance, in Los Angeles, Nick Hedley, senior vice president, global crisis management division, in London, and Francisco Cuevas, vice president, structured trade credit, in New York.”