QBE targets trade credit growth as UK businesses under pressure.

QBE European Operations, the business insurance specialist, has added three underwriters to its trade credit team as it seeks to take advantage of growth opportunities for its portfolio.  Brexit uncertainty, mounting costs and increased competition are exposing British businesses to greater levels of trading risk which by turn is increasing demand for trade credit cover.  According to recent ABI figures, trade credit insurance claims in the UK have been at their highest level since 2009 as a result of tough trading times. Press headlines in the past year have focused on a number of high-level insolvencies, which are likely to have a ripple effect through supply chains.
In order to address a growing demand, QBE has added three underwriters to its trade credit team, focussing on regional opportunities. These include:
James Robertson has joined as New Business Commercial Underwriter and will be responsible for developing new opportunities in London and the South-East. He joins from QBE’s Trade Credit team in Sydney.  He brings with him a wealth of experience, having also spent six years working for Coface in Australia as a Commercial and Risk Underwriter.
John Lott has joined as a Risk Underwriter, bringing extensive experience from previous trade credit roles in the industry. James and John will be based in London.
Harry Bennion has joined the Birmingham office as a New Business Underwriter and will be responsible for looking after Midlands-based brokers and generating new business in the region. He joins from JLT where he was a credit and political risk broker.