Trade Credit Reinsurance Scheme
Eligible insurers were invited to apply for a reinsurance agreement that covers domestic and overseas trade.
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The Trade Credit Reinsurance Scheme ensures that trade credit insurance coverage and credit limits are maintained during the coronavirus pandemic, helping businesses to trade with confidence.
Update 29 December 2020
The scheme has been extended by 6 months to 30 June 2021 and approved under relevant state aid rules.
Participating insurers
These are the participating insurers:
- American International Group UK Limited
- Atradius UK
- Coface UK Branch
- Credendo – short-term non-EU risks
- Euler Hermes UK, a branch of Euler Hermes SA (NV)
- Markel International Insurance Company Limited
- Nexus Trade Credit
- QBE UK Limited and QBE Europe SA/NV
- Zurich Insurance plc
The scheme is available until 30 June 2021, backdated to 1 April 2020.
The Scheme Rules include information about:
- eligibility
- the application process
- reporting requirements
Individual businesses do not need to sign up for the scheme as in-scope policies held with a participating insurer will automatically be eligible for inclusion.
Businesses should discuss their trade credit insurance needs with a participating insurer or insurance broker, or contact [email protected] with any further questions.
Updates to this page
Published 29 July 2020Last updated 29 December 2020 + show all updates
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Scheme extended to 30 June 2021 (previously 31 December 2020).
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List of participating insurers added. Scheme has been approved for State Aid.
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First published.