Trade Credit

Our trade credit team is highly experienced in the U.S., with a successful track record of supporting clients in protecting what is often their largest uninsured asset — accounts receivable.

Coverage includes protection against bankruptcy, protracted default, and political risks. To make life easier for our clients, we developed Ascot PRISM — our exclusive web portal. The functionality of Ascot Prism is extensive, and includes limit requests, past due reporting, renewals, and filing claims, all instantly routed to our underwriting team.

Key Facts

Target Industries
  • Middle Market Companies With Sales up to $1B Including Manufacturers and Distributors in the Following Sector.
  • Target Market: Agriculture, Chemicals, Commodities, Consumer Goods, Electronics, Food, Information Technology, Machinery, Metals, Packaging, Pharmaceuticals, and Transportation.
Limits Offered: $35,000,000
  • Minimum Premium: $20,000
  • Maximum Obligar Limit and Policy Limit: $50m
  • Geographic Scope: U.S. With Solutions via Lloyds Syndicate 1414 Available on a Selective Basis
  • Admitted/Non-Admitted: Fully Admitted in Most States With the Exception of FL/WA/AK Where Admitted on a Qualified Large Risks Basis and ME/MN/HI – Surplus Only
Ascot Prism Differentiators
  • Proprietary online portal for policy management and access to management information
  • File renewals, report past-dues, claims and mid-stream coverage amendments and / or additions
  • Attach documentation for attention of underwriters
  • Requests are immediately pushed through to underwriters’ workflow for rapid review and response
  • API link to third-party credit information
  • Seamless interface with Ascot
Coverage Features
  • Up to 12 Month Obligor Limits
  • Flexible Policy Structure Including Single Risk Syndication, Top-up, Key Account, and XOL
  • A/R Purchase and Supply Chain
  • Domestic & Export Coverage Available

Contacts

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Resources

Ascot Trade Credit Overview
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