“After multiple unsuccessful attempts at securing a credit insurance policy through brokers in the UK and the US, we were pleasantly surprised with FGI’s ability to quickly broker a policy with Euler Hermes that was tailored to our business requirement, enabling us to securely continue to grow our business in the US.”
Skinnydip is a London-based fashion accessory brand, manufacturing creative iPhone cases, bags, headphones and techcessories. Founded in 2011, and with offices in London and New York, their fashion accessories are being sold at large chain stores in the UK and the US such as Topshop and Macy’s. They also private label their accessories to stores such as Forever 21 and have their own retail stores in both the UK and New York.
Skinnydip needed a credit insurance policy to help them safely continue their US expansion. However, due to the fact that they were still ramping up US sales, they were having trouble obtaining a policy from UK brokers and from major carriers directly.
Parallel to their credit insurance search, they had contacted FGI regarding US invoice factoring when they discovered that FGI possessed intimate knowledge of the credit insurance market as well as relationships with major carriers. FGI was able to approach the right carriers on their behalf and negotiate a policy that satisfied all of Skinnydip’s US business requirement.