Business insolvencies rocket past GFC

Tuesday, 19 April 2016

From NCI:

NCI brokers trade credit insurance so is largely SME based. From Banking Day:

“It’s a standard uplift [in credit insurance claims] but it’s been quick. It’s staggering the number of claims we’ve received,” Kirk Cheesman, managing director of insurance brokers NCI told Banking Day yesterday.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.