We have insured over US$100M in risks since 2023.
Trade Easier. Trade Safer.
We directly underwrite and insure trade credit risks. Our aim is to provide a solution where others can't, leveraging our experienced underwriting team and global reinsurance partnerships to provide capacity in 'tough to insure' situations.
Who are we
In 2023, we received our general insurance license in Labuan, Malaysia and have been underwriting risks ever since.
We work with our fronting partners and reinsurers to ensure that we're able to legally cover risks across various jurisdictions.
Our leadership and underwriting team come from globally-recognised financial institutions and insurers, providing the same level of detail and service that you'd expect when working with an established insurer while being far more flexible and adaptive to your needs.
Underwriting
With combined 50+ years of experience, our underwriters bring their understanding of trade credit with best-in-class underwriting software and models to fairly price risks with expedience.
Claims Support
Our agreement with a well-known and trusted independent claims assessor ensures that our claims are taken seriously and paid in a reasonable timeframe.
Governance / Compliance
As a licensed general insurer in Labuan (License No. LL18215), we take our governance and compliance seriously and always make sure we have above the required capital to cover risks / changing conditions.
Our core products
We offer trade credit insurance to protect your accounts receivable against loss from commercial and political risks. Our solutions safeguard your business cash flow and support your growth into new markets overseas.
Single-Risk and Top-Ups
Are you working with a new client and unsure on their capacity to pay? Our bread and butter is providing single-risk coverage in the event that this client doesn't pay. If you've already got a policy in place and your current insurer can't provide more capacity, we can provide top-ups to boost coverage.
Multi-Buyer
Having lots of smaller buyers can cause business owners anxiety in making sure they all pay you. Our most comprehensive solution available - multi-buyer covers your entire client portfolio for risk of non-payment. This gives you peace of mind that no matter the circumstance, you'll get paid.
Supply Chain
Strengthen your supply chain stability and financing by covering defaults that occur anywhere along your company's supply chain. Not just your immediate customers, but your upstream and downstream partners too.
Bespoke (e.g. Reverse TCI)
One of our core value propositions is being able to provide bespoke policies and solutions to fit any situation. Unlike much larger insurers, we aren't constrained by the same inflexible internal rules and are open to offering things like reverse trade credit or any other more exotic trade credit policies.
How we work
At our core, we're flexible and always try and find you a solution.
Whether you're a broker with a tough risk that other insurers are unwilling to look at, or a company that can't seem to find cover in the market - we'll always sit down and work with you. Our goal is to help where others can't, and look at mutually beneficial ways we can do so.
Examples of our work
Single-Risk
We covered the risk that the non-honouring of a guarantee from the parent of a buyer may not be upheld.
Should the buyer's parent company not have honoured the guarantee, Tyndall Insurance would pay the claim.
Receivables Purchasing
We have covered an electricity supply company and a logistics/transport company selling their invoices for highly-rated buyers to a noted finance company.
The policy has been running for 3 years with no losses or adverse incidents.
Physical Loss or Damage
We covered excess of loss for a large coal mine in Australia.
The majority of the risks were taken on by the lead insurer, while Tyndall Insurance provides additional coverage where the maximum limit would be met by the first insurer.
Our Underwriters
Based in Malaysia, with presence across APAC
Our team brings experience from multiple leading insurers and financial institutions to provide the best experience for our clients as possible.
Lewyn L
Head of Risk Underwriting,
Asia
Lewyn has over twelve years experience in risk underwriting across APAC. After a 12-year stint at Coface as their previous Head of Risk Underwriting (SEA), he has joined TIL to focus on expanding our reach throughout East and South-East Asia.
Renee C
Head of Risk Underwriting, Australia / NZ
Renee has 20+ years expierence in risk underwriting across APAC and the UK. She joined Coface in 2004 as a risk underwriter and left in 2024 as a Senior Risk Underwriter. She joined TIL with a focus on growing our Australian and NZ portfolios.
Rachel C
Risk Underwriter,
Property and Trade
Starting her career as an Engineering Underwriter at MSIG Malaysia, Rachel joined TIL in 2024 as a junior risk underwriter. As a graduate in Acturarial Science from UTAR, she brings strong analytical and quantative skills to the team.
Andrew R
Commercial Underwriter and Advisor
Andrew has 25+ years underwriting experience across three continents.
He was the formerly the head of Coface Global Insurance Client Division Asia, and the former head of Trade Credit, QBE (North Asia).
Brighton Place, Office Suite Ground Floor, U0215 Jalan Bahasa 87000 Labuan F.T. Malaysia.
Trade Safer. Trade Easier.
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