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Great American Insurance Company offers credit insurance in Canada

Great American Insurance Company, Canadian Branch, the specialty property and casualty insurer, is pleased to announce that Great American Insurance Company – Canadian Branch has obtained licenses to write Trade Credit Insurance in AB, BC, MB, NS, ON, and SK.

This expands Great American Insurance Company and its affiliates’ footprint in Trade Credit Insurance from the U.S. and Europe to Canada. Great American has been writing trade credit insurance through one of its affiliates in the U.S. since 1962, supporting companies and financial institutions against nonpayment risk on international or domestic accounts receivable and trade loans.

Great American Insurance Company’s Trade Credit Insurance policies offer companies a wide array of flexible coverages. You can insure a broad multibuyer receivable portfolio, a smaller select receivable portfolio (key accounts), or a single buyer receivable. Specialty coverage products are also available for more unique contract structures. Short term repayment terms can be insured on tenors of up to one year and medium term repayment terms can be insured on tenors of up to five years. For more information on products please see our Trade Credit Insurance Products.

http://www.insurancebusinessmag.com/ca/industry-news/gaic/great-american-insurance-company-offers-credit-insurance-in-canada-78830.aspx