September 25, 2006 by Canadian Underwriter
Integro Insurance Brokers has implemented a new business venture with Indemnis Trade Risk Management, which will allow the broker to offer new trade risk management programs to its North American clients.
“We are enthusiastic about our firm’s collaboration with Indemnis relative to large and complex trade risks,” said Roger Egan, chief executive officer of Integro says the company is enthusiastic about integrating large and complex trade risk programs through its new initiative with Indemnis. “Indemnis brings a capability to Integro that is relevant to the very livelihood of our clients – from mitigating the impact from credit default of a major customer or the result of a political event, to enhancing a client’s financing and supporting its desired sales growth,” Egan adds.
The business venture is responding to a need for corporations to review their trade risk management needs regarding their P&C insurance requirements, in response to recent increased scrutiny surrounding corporate compliance.
Further, Integro says they are also responding to the “growing acceptance of business credit insurance in North America and large companies’ limited choice among today’s credit insurance brokers.”
Indemnis’ customized client solutions utilize program alternatives, including traditional credit insurance as well as complementary alternatives, such as captive self insurance, credit default swaps, puts and securitization.