Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. As a subsidiary of Fairfax Financial Holdings Limited, we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial.
Allied World’s dedicated Accounts Receivable underwriters (in Canada and the United States) possess a combined 40 years of accounts receivable insurance and political risk experience, and can craft solutions on a short-term and structured basis. We take great pride in our ability to tailor coverage to the needs of clients.
Areas of Expertise: Accounts Receivable (Trade Credit) Insurance
Businesses have long relied on the ability to extend credit in order to facilitate trade. While selling goods or services on credit is standard practice for many companies, the risk of non-payment creates great financial exposure. Additionally, with concerns of cyber-attacks and data breaches, cyber insurance policies are playing a greater role in addressing companies’ need to improve their cyber risk management. However, there is no cyber insurance policy that covers the entire spectrum of potential loss.
This is where Accounts Receivable Insurance can help as the standard policy wording does not exclude coverage from third-party party customer cyber events that lead to a non-payment. In today’s increasingly complex global economy, finding solutions to help manage these risks is critical to an organization’s bottom line.
We offer Shipments Policies (both Domestic and Export Risks Insurance), and Structured Trade Credit (solutions for emerging markets and policies with tenors up to five years) to CFOs of medium to large commercial companies in the United States and Canada.
Policies can address a client’s domestic and export accounts receivable exposures:
- Pre-approved, non-cancellable trade credit insurance, including Specific Buyer(s) Limits, Discretionary Credit Limit, and Named Buyer Options
- Automatic preference claims coverage for domestic policies
- Coverage available for Pre-shipment risks and Services
- Simplified reporting
- Annual policy periods
Allied World has capacity of up to $50 million per Buyer/Obligor, per policy, reserved for top-rated debtors. Our policy Limits of Liability are competitive and meet client needs and we offer Discretionary Credit Limits that enable credit departments to manage the business.
Key industries include, but are not limited to, Manufacturers, Suppliers, Wholesalers, and Distributors, as well as Food & Beverage, Electronics, Auto Parts, and Forest Products.
Senior Vice President, Accounts Receivable Insurance, Global Crisis Management Division
RIAC Member Since: 2016