STA International is delighted to announce that trade credit insurance underwriter Tokio Marine HCC (TMHCC) appoints us to support its policyholders recover overdue international invoices.
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland, transacting business in approximately 180 countries and underwriting more than 100 classes of speciality insurance.
STA collaborates with the UK trade credit insurance arm of the group to collect outstanding export accounts for its policyholders.
Colin Thomas, STA Chairman says, “We are proud to partner TMHCC and help its policyholders recover unpaid international invoices. We are confident we can reduce policyholders’ protracted defaults, and minimise TNHCC claims. Our appointment comes at a time when we see a 25% year-on-year growth in demand for European debt recovery, recovering 77% of all paid monies from the UK, saving our customers the need for overseas agents at extra cost.”