TRADE CREDIT INSURANCE CASE STUDIES & TESTIMONIALS
"The Euler Hermes team made us feel so comfortable about the situation and confident that it would get resolved. When you are facing an enormous financial loss, having someone knowledgeable, supportive, and responsive in your corner can make all the difference. We are very, very happy with the service we received."
– Alp Benadrete, Managing Partner in Charge of the Home Textile Division for EDPA
As Ronald A. Chisholm Limited conducted its regular business of shipping meat around the world, a completely unprecedented, international situation occurred — with the potential to have major financial ramifications. With a political risk credit insurance policy from Euler Hermes, they were able to protect against the unexpected and had relief when large invoices went unpaid.
Caught up in an extended decline in the lumber industry sparked by the Great Recession, Specialty Forest Products suffered a significant customer loss and bad debt increase. Trade credit insurance helped jump-start its recovery.
When costs in the volatile scrap metal industry began to soar above historic norms, Utah Metal Works realized its strategy of using a bad debt reserve to self-insure was becoming increasingly inefficient and still left the company vulnerable to catastrophic losses. Credit insurance provided the company with the protection it needed, along with other benefits.
Trade Risk Studies: Understanding Major Bankruptcies
Business insolvencies are on the rise. Do you know how your current clients are doing? Read how some of the companies below ended up declaring bankruptcy.
COVID-19 crisis disrupts major retailer's debt restructuring