Lloyds TSB Credit Insurance product withdrawn from market

Lloyds TSB have announced that they are no longer offering Credit Insurance policies. A message to customers posted on their website states; "Following a review of the range of products we offer our customers, Lloyds TSB Commercial Finance has taken the decision to no longer sell new Debtor Insurance Policies".

Whilst they will maintain any existing policies, it is unclear what will happen when policies become due for renewal.

Atradius Country Report - France

Credit Insurance underwriter Atradius has published a new country report for France. 

Some key points from the report;

Credit Insurance update - Greece

Credit Insurance underwriter Atradius has issued an update on Greek risks and their underwriting strategy in light of current developments.

Contact us if you would like to receive a copy.

List of Companies in Administration - Credit Insurance protects against sudden bad debt.

The following companies went into administration between 17th April and 24th May 2012.

If you have a credit insurance policy and one of your customers enters administration, you should notify the loss immediately, so that your claim can be dealt with swiftly.