Allianz Trade, the world’s leading trade credit insurer, is building on the success of its Excess of Loss (XoL) teams in the UK and US by continuing its growth with new recruits in Germany, Singapore, Spain (with Solunion*) and Brazil.
As it celebrates 10 years of XoL in the UK and US, and the success of the more recently created team in Germany, Allianz Trade is accelerating the development of XoL by investing not only in new, carefully selected markets which have a real need for this solution, but also in the operational side of its XoL division.
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.
Allianz Trade is committed to supporting these markets by investing in dedicated teams on the ground. This translates into additional resources in Germany and Singapore, where the company already delivers XoL solutions, and the creation of new XoL teams in Spain and Brazil, thus extending its global presence for this kind of solution.