Bondaval launches trade credit insurance

Bondaval, the London-based MGA offering a solution to secure credit risk, is launching its first trade credit insurance product.

With its origins in their “proprietary on-demand surety instruments,” Bondaval’s next step into trade credit insurance reflects its ambition to offer a comprehensive suite of credit risk mitigation instruments.

The company’s new S&P A+ rated trade credit insurance solution will launch in the UK and EU, backed by Great American International Insurance (UK) Ltd and Great American International Insurance (EU) DAC with support from Great American’s specialist Trade Credit and Political Risk Insurance division, FCIA.

“One of Bondaval’s core principles has been to give our customers certainty in the cover we provide to them. We first achieved that through our on-demand, surety-based instrument, the MicroBond. Now, as we enter the world of trade credit insurance, we have designed an offering that intelligently guides you through your policy, your portfolio and your obligations, so you still have that sense of certainty, without the weight of administration.” – Tom Powell, CEO, Bondaval.