Allied World Assurance Company Holdings, AG, has introduced accounts receivable insurance in the United States in addition to Canada, effective immediately.
The company said in a statement that this coverage assists senior financial executives with mitigating the risk of non-payment due to customer default or insolvency, and provides certainty around their companies' balance sheets.
Todd Germano, the executive vice president of Allied World global crisis management division, commented, “As part of our overall global crisis management vision and strategy, we are very pleased to bring accounts receivable insurance to the U.S. market.”
Kent Paisley, the senior vice president of the global crisis management division, added, “We are excited to move forward and have our global team of product experts in place, including Glenn Robins, the vice president of accounts receivable insurance, in Los Angeles, Nick Hedley, the senior vice president of the global crisis management division, in London, and Francisco Cuevas, the vice president of structured trade credit, in New York.”
Learn more: www.awac.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].