Owned by Tokio Marine since 2015, the hitherto HCC provide a broad range of solutions beyond their core strength as a construction sector specialist. Tokio Marine HCC offer whole turnover and specific debtor policies, with a developing export risk capability, and these are complemented through their International division by more specialist options including Excess of Loss policies and non-cancellable limits.
The construction sector expertise is supported by their strong surety division, their partnership with Nelson solicitors (who can provide a bespoke debt collection service to clients), and qualified quantity surveyors within their claims team.
Strengths and Differentiators
A leading credit insurer in the construction sector whose have extended their capabilities whilst maintaining a steady risk appetite.
Tokio Marine HCC policies have a concise core policy wording which enables a flexible approach to underwriting and commercial approach to claims.
Products and Services
Credit Insurance: whole turnover, specific debtor (up to £3m limit), political risk, excess of loss, non-cancellable credit limits. Specialist policies include: political risk cover for overseas investors, contract non-performance for commodity traders, creditor/counterparty default for banks/financial institutions, contract frustration for contractors/exporters.
Bonds & Guarantees: wide range including Advance Payment, Performance, Retention etc
Acumen Credit Insurance Summary
Strong service ethic combined with pragmatic and commercial approach to business and a short decision chain provides a personal and flexible service for clients.
Have continued a steady evolution alongside a consistent risk appetite whilst remaining the market leading construction sector insurer.
*approximate amount only for information purposes. Not published by underwriter.