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Trade Credit

Our Trade Credit insurance helps businesses protect a critical component of their balance sheet - their accounts receivable. It helps in managing cash flow and provides the peace of mind to run and grow a successful business. 

WE HELP BUSINESSES FIND THE RIGHT TRADE CREDIT SOLUTION SO THEY CAN CARRY ON WITH BUSINESS 

Businesses with over $2.5 Million annual turnover will find our trade credit insurance well suited for catering to the distinctive needs of their unique customer portfolio.

We are an established trade credit insurance agency, which means we are well positioned to get to know and understand clients and their customers’ business needs so we can provide the best possible solutions.

While we are based in Australia, we also have a global perspective. This, combined with customer insights from illion’s extensive industry database, allows us to offer our clients the right solutions, whether their customers are local or international.

FINANCIAL SECURITY

We are a member of the Tokio Marine Group which encapsulates financial security. So our clients can rest assured that we are here to look after them when it comes to making claims.

 

WHOLE OF TURNOVER COVER

Our Whole of Turnover cover protects your clients' entire credit portfolio from late payments and/or insolvency so they can trade with the comfort of knowing that the largest liability in their balance sheet is protected. They can add export insurance which includes protection against political risks to this cover.
 

MULTI-BUYER COVER

Our Multi Buyer cover protects your clients from late payment and/or insolvency risks for selected credit customers, normally larger customers in their portfolio. Your clients can select as few or as many of their buyers as they wish. Like our Whole of Turnover cover, they can also add export insurance to this cover.

single risk cover

Single Risk cover is designed to protect your clients against the late payment and/or insolvency of a single credit buyer. This policy can even cover manufacturing and production costs incurred before shipping. Single Risk premiums are evaluated based on the geopolitical and economic risks in the country of your clients' customers.

MASTER RISK PARTICIPATION AGREEMENT “MRPA”
(BANK RISK)

We offer tailored bank specific products to enable banks to seek coverage from us on a name by name basis, underpinned by a formal agreement between the bank and ourselves, the “MRPA”.

FOR INSURANCE ADVISORS

Insurance advisors are our key business partners.
We are very open to discuss your client’s risks and requirements given our capacity. 

For our partners, we offer:

 
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One point of contact from start to finish

Quick response to credit limit for new business and cover changes

3 months binding contract for eligible clients

24/7 access to our new online system, which was designed with industry best practice in mind. Using this intuitive system, you can upload your clients’ details, download information, obtain quotes, track decisions, access policy documents and credit limits, and lodge and process claims

People

 

CHRIS BLAKE, HEAD OF TRADE CREDIT

Chris Blake joined The Bond & Credit Company in January of 2019. Chris has worked in the Credit Insurance Industry since 2003, where he joined QBE as an underwriter. Since then, he has underwritten various industries within Australia including building and construction, finance, and chemicals. He was appointed as Underwriting Manager in 2009 with QBE and managed a team of underwriters based out of Melbourne looking after Risk, New Business and Account Management duties. In 2013, Chris joined Euler Hermes (Allianz Trade) as Commercial Director for Australian and New Zealand.

Prior to working in the insurance Industry, Chris worked with the National Australia Bank as a business banking officer and holds a bachelor’s in commerce (Economics and Finance) with Curtin University.

ANDREW KENNEDY, HEAD OF RISK

Andrew Kennedy joined the BCC Risk department in May 2019. A newcomer to the insurance industry, Andrew spent his 19-year career in various positions across the banking sector covering credit risk and relationship management in both Sydney and London. Commencing his working life out of university he started at ANZ in Business Banking learning the basics of credit risk and business development. After two years in that role Andrew made the move to the London banking market where he took on various contract roles in credit risk. Upon returning to Australia, Andrew spent the next eight years at HSBC where he worked within Global Banking covering institutional clients, namely banks, fund managers and insurance companies before once again returning to the UK to pursue specific opportunities and to finally return to Australia 3 years later to commence at BCC.

Prior to commencing full time work, Andrew completed a Bachelor of Commerce from the University of Sydney and later on completed a Master of Applied Finance from Macquarie University whilst working full time.

Chris Blake

Head of Trade Credit
T: +61 3 8376 6302 | M: +61 417 266 983
chris.blake@tbcco.com.au


Serena Arabian

Claims Manager
T: +61 2 8320 7548 | M: +61 487 003 512
serena.arabian@tbcco.com.au