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Atradius reduces credit insurance on DSGi

Paul Kunert

DSGi has put a brave face on the embarrassing reduction in credit insurance that underwriter Atradius has exacted, as it runs for cover in the high risk retail sector.

According to channel sources Atradius has been hit by rising insurance claims in the retail and construction sector and is reducing its risk wholesale across both sectors.

But a DSGi spokesman played down the impact that the drop in credit insurance will have on its business in the important run up to Christmas and pointed out that Atradius is "only one provider of credit insurance in the market".

"Whilst it is true that Atradius has reduced but not withdrawn credit insurance across the retail sector, this is not a DSGi specific issue, its more about Atradius and how it manages its business," said the spokesman.

"Our suppliers have access to credit insurance, they continue to supply us and there have been no changes in our terms with suppliers," he added.

It has been a choppy time for DGSi which recently made a spate of redundancies in its reseller arms PC World Business, Equanet and Macwarehouse and will part company with the head of its B2B arm Jerry Roest at the end of this week.

Atradius refused to comment on clients.

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