Trade credit insurer Equinox has announced the opening of a Netherlands office, appointing Frank Masterling as its head.

In a comment to GTR, Equinox says it is finding Dutch corporates are increasingly looking for additional credit insurance solutions for greater certainty of cover and more freedom to trade.

Commenting on the new location, Equinox Global CEO Mike Holley says: “The Netherlands is an interesting and unique market which offers exciting opportunities for a specialist trade credit insurance company. The new office will allow Equinox to bring the benefits of bespoke, client-orientated, specialist trade credit products and a more flexible approach to doing business in the Dutch market.”

Many Dutch corporates want non-cancellable credit limits for their biggest buyers and a credit limit service for their other buyers, GTR has learned. Equinox believes it is well-placed to offer this via its trigger policy, where credit limits can only be reviewed when certain triggers are breached.

Masterling will be responsible for building the company’s trade and credit business throughout the Netherlands. He joins after spending 15 years at Atradius, where he became head of special products for northern Europe, underwriting single-situation and excess of loss policies, structured credit and political risks.

Masterling previously spent almost 10 years at Rabobank in a number senior credit analysis and risk management roles. “Frank’s market presence, knowledge and expertise will be vital to the success of this new venture,” notes Holley.