Trade Receivable Insurance
Specialty
XL Catlin’s trade credit insurance offering includes trade receivable coverage for non-payment and is available to North American clients across various industry sectors. Coverage is typically provided on a non-cancellable, excess of loss basis but single risk, key account and top-up coverages may also be considered.

Product details

Capacity

-Policy limit of USD 200 million
-USD 200 million , Up to 10 years

Coverage

Comprehensive non-payment coverage; Standard indemnity 90%; Typically deductible or excess layer structure; Discretionary Credit Limits with key account underwriting; Non-cancellable credit limits; Whole turnover, named buyer portfolios and single risk; No limits fees; Up to 360 day payment terms and up to 2 year policy period; Written on an admitted basis throughout the United States; Can cover both developed and emerging market buyer risks

Client Profiles

Medium to large corporations seeking customer non-payment protection and financial institutions providing accounts receivable or supply chain finance programs

Typical Information Required

–      Summary of the portfolio to be covered and description of the products being sold
–      Financial statements on privately held buyers
–      Payment terms to be supported
–      Trading history and receivables aging
–      Description of credit process and procedures

Benefits & Services

– Capability to issue policies from the US, UK, Singapore, Bermuda, Canada, Brazil and Insurance segment's Lloyd’s syndicate 2003 to accommodate licensing and geographical location requirements.
– Underwriting locations in New York, London and Singapore Bermuda, Brazil and Australia provide local, same-time zone access to our global capabilities.

Attachment Point

Transaction dependent

Minimum Deductible

Transaction dependent

Minimum Premium

USD 50,000

This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, Canada, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group Ltd are: Catlin Insurance Company, Inc., Catlin Indemnity Company, Catlin Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Bermuda Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #2003 are managed by Catlin Underwriting Agencies Limited and supported by XL Catlin corporate capital. Additional important information regarding our business is provided on our Legal Notices page.

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