Commenting on the extension of the Trade Credit Reinsurance Scheme til 30th June 2021, Graham Walsh, ABI Senior Policy Adviser, General Insurance said:
“Maintaining trade credit insurance cover between suppliers and their clients is a key component in enabling the UK economy to overcome some of the challenges arising from the pandemic. We’re pleased to have been able to help the Government agree an extension to the scheme, meaning UK businesses can continue to benefit from a greater level of protection from trade credit cover than might have otherwise been possible.”
More details of the extension can be found here on the Government's website.