Equinox Global increases capacity by 30%

Trade credit specialist MGA Equinox Global has increased its available capacity by more than 30% because of a new deal with its carriers.

Equinox’s carrier panel is made up of Aspen, Beazley and Pembroke, providing around £7.47m, £8.09m and £3.1m, respectively. MGA can now underwrite around £18.67m per buyer, with more capacity possible.

Equinox Global chief executive Mike Holley said: “Businesses need trade credit insurance that they can rely on and that they can be confident will always be able to support them. We are very pleased that our carriers have increased their backing of Equinox Global, enabling us to provide all our clients with the highest levels of strength and security that the Lloyd’s market can offer.”