Ironshore to expand trade credit insurance
Bermuda-based insurer Ironshore announced that the company is broadening its relationship with Equinox Global Ltd to extend additional underwriting capacity to its trade credit insurance market programme.Ironshore will provide increased capacity on a facultative basis for all eligible territories to meet the growing insurance demands of Equinox Global, a managing general agent specialising in trade credit.“Ironshore’s expanded relationship with Equinox Global allows us to provide greater access to an on-demand, one-stop resource for capacity in an expeditious manner,” said Daniel Sussman, president of Ironshore’s Political Risk Unit. “Our continued participation in this enhanced programme signals a mark of confidence in Equinox Global’s ability to provide cover to an even larger global client base.”Equinox Global, exclusively dedicated to the trade credit insurance market, was established in November 2010 to offer coverage with first class security in the credit insurance sector throughout various market cycles.“As our business grows, it is appropriate for us to be able to offer increased capacity aligned with increased demand,” said Michael Holley, chief executive officer of Equinox Global. “Meeting the needs of our customers is our top priority, and this arrangement with Ironshore sends a clear message to the market that we can respond to the needs of companies of all sizes.”