Atradius Leads the Trade Credit Insurance Digital Innovation with LiquidX and Marsh.
Baltimore, MD – Atradius Trade Credit Insurance, the global provider of credit insurance, surety and collection services, has partnered with LiquidX, the global network for illiquid assets, Marsh, the global leader in insurance broking and other carriers to launch the next generation platform for the Trade Credit Insurance industry.
“The LiquidX electronic marketplace for trade credit insurance is an innovative solution which stands to deliver industry wide benefits and we are very happy to play a central role in its creation,” commented David Huey, President & Region Director North America, Atradius.
“This is a great opportunity to expand distribution for the trade credit insurance industry and enhance transactional speed and efficiency for clients,” noted Michael Kornblau, US Trade Credit Practice Leader at Marsh.
Moving an important step toward digital innovation in the credit insurance industry, the LiquidX platform allows any insured party to electronically access quotes and purchase insurance from various carriers, including Atradius.
The platform is open to any interested insured party and provides them with valuable market data transparency. Available for banks, non-bank investors, or corporate suppliers, the platform provides efficient online execution and straight through processing of insurance policies.
“We are delighted to partner with industry leaders such as Marsh, Euler Hermes and Atradius to launch a business which we all believe will revolutionize the way trade credit and other insurance products are transacted,” said Jim Toffey, CEO of LiquidX.
Atradius has been heavily focused on the digitalization of the industry, and will continue to explore new forms of innovation and partnerships to deliver its key services electronically on a global level.
Atradius is a global provider of credit insurance, surety and collection services, with a strategic presence in over 50 countries. The credit insurance, bond and collection products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit. Atradius is a member of Grupo Catalana Occidente (GCO.MC), one of the largest insurers in Spain and one of the largest credit insurers in the world. www.atradius.com
Through its leading technology and diverse network of global participants including major corporations, banks, institutional investors, and insurance providers, LiquidX provides an efficient and flexible platform for participants to transact across the trade finance and working capital asset class in one place. LiquidX has executed over $17 billion of trade volume and processed $65 billion in post trade settlements since 2016. For more information about LiquidX, please visit www.liquidx.com.
Marsh is a global leader in insurance broking and innovative risk management solutions. Marsh’s 30,000 colleagues advise individual and commercial clients of all sizes in over 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue over US$14 billion and nearly 65,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms.