PIB Insurance Brokers has launched its credit and surety business with the appointment of Richard Miller as head of the new division.
 
The company said the new unit will provide solutions to UK businesses, global corporates, commodity traders and financial institutions, Global Trade Review reported.
 
The new business aims to strengthen and enhance receivables and encourage growth, with a specific focus on UK exporters, the reported added.
 
Miller, the head of trade credit and surety, joined PIB from Miller Insurance where he was producer broker for three years.
 
A former executive at RKH Financial Risks and Lockton Companies, Miller has worked in the trade and structured credit market space for numerous years.
 
Joining Miller at PIB is account executive Iain Gunn, who has over 30 years of experience as a credit and political risk insurance and surety bond broker.
 
Commenting on the new London-based appointments, PIB chief executive Brendan McManus said Miller and Gunn will grow and develop the company’s credit and surety business.
 
Gunn previously worked at Bibby Financial Services, ICICI Bank, Bluefin Insurance Services, Towergate Partnership and Aon, among others.
 
“Credit and surety are two such sectors where our quality and depth of service enhance the solutions we provide to benefit our client to the fullest extent,” the Global Trade Review quoted McManus as saying.
 
The credit and surety team is set to expand over time, the publication reported, with a goal to have a nationwide presence.
 
 
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