Greece Credit Insurance update

Firms Halt Insurance Over Fears on Greece

 

Two of the world’s biggest trade insurers said Wednesday they won’t offer new insurance cover for exporters shipping goods to Greece as they find it increasingly difficult to price such cover amid worries that the country may quit the euro zone.

Credit-export insurance ensures that exporters are paid if their client defaults. The loss of such cover is likely to have a major impact on the willingness of companies to trade with Greece, given the country’s deteriorating economy.

http://online.wsj.com/article/SB10001424052702303552104577436482002640836.html

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Categories: Credit Insurance.
Posted By on May 31, 2012 at 12:28 PM  |  No Comments on Greece Credit Insurance update

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