Trade Credit Insurance Market Expanded as MGAs Entered
New managing general agents are entering the US trade credit market to provide expanded coverage for supply chain and geopolitical risks.
Updated on Sept. 24, 2026 in International Trade
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The US trade credit insurance market has seen a surge of new managing general agent (MGA) entrants since early 2025 as insurers shift capital from property markets. Operators should note that this growth is driven by rising supply chain, cyber, and geopolitical volatility.
Why it matters
The entry of specialized players provides businesses with new options for mitigating risks like tariff fluctuations and supply chain disruptions. This shift also precedes potential regulatory changes that could allow banks to use credit insurance to free up capital, potentially deepening the market.
The US trade credit insurance market generates roughly $1 billion in annual premiums. New entrants like RB Jones Global are now offering significant capacity, including a $30 million per-risk line.
The players
RB Jones Global
An insurance intermediary and MGA operator that provides specialized risk solutions and underwriting capacity.
K2 International
A specialty insurance platform that manages portfolios for various underwriting classes.
Blenheim Partnerships
An insurance venture focusing on specialty risk underwriting.
The details
New technology platforms allow these MGAs to ingest credit data more efficiently, facilitating their entry into a sector previously dominated by larger, traditional insurers. As firms redeploy capital from property insurance into credit portfolios, they are responding to businesses' increased demand for protection against complex trade threats. This trend positions the US to potentially narrow the historical development gap with European trade credit markets.
Timeline
January 2025: K2 International launched K2 Credit.
September 2025: Arenite Specialty launched through the Pine Walk platform.
January 2026: Blenheim Partnerships launched a specialty trade-related MGA.
August 2026: RB Jones Global launched a London-based credit MGA.
Market Landscape
The surge in US activity reflects an attempt to mirror the sophisticated trade credit infrastructure long present in the European market. This expansion follows a multi-year trend of intensified industry lobbying for regulatory parity.
Operators facing heightened supply chain or geopolitical uncertainty should review their existing credit insurance coverage to determine if new market capacity offers better terms or limits. Finance teams should monitor pending regulatory proposals that may allow banks to extend more credit against insured trade receivables.
The takeaway
As capacity increases, businesses have more leverage to secure protection against unpredictable trade and geopolitical risks. Finance leaders should monitor potential US regulatory shifts, as these could soon change how banks assess collateral and credit risk for their clients.
Further reading
For broader trends impacting how firms manage global commerce risks, see International Trade.
Source note: This article includes information reported by Theinsurer.
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