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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

Trade Credit

Target Industries Include:

  • 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, and 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

Ascot Group Prism Logo
  • 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

Head of Trade Credit (U.S)

Doug Collins

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    © Ascot Group 2023

    The information contained herein is intended for informational purposes only. Statements of coverage availability and scope are general in nature, subject to change and underwriting of any individual risk, and provide no guaranty or warranty of coverage, express or implied. Products and services are offered through insurance company affiliates within the Ascot Group. Not all products and services are available in every jurisdiction, and some may be available in the United States only on a surplus line basis through licensed surplus line brokers. The precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued. The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any US risk.