CBI responds to update on Trade Credit Reinsurance scheme

Chris Wilford, CBI Head of Financial Services Policy, said:

“There is growing concern amongst businesses about the future of Trade Credit Insurance (TCI) market following the end of the government’s guarantee at the end of June. It is vital that there is clear guidance on what businesses need to do to ensure coverage beyond the end of the TCI guarantee to smooth the transition towards a normalised market.  The CBI welcomes the joint statement by the government and insurance industry and will continue to actively engage to find a solution.”