Specialist underwriting agency Unity Trade Credit has launched, offering Australian SMEs protection for debt and insolvency risks.  

The new business, part of Steadfast Group, is backed by Markel through Lloyd’s and says it provides brokers and clients a new alternative for trade credit cover.  

MD Uta Lucky says SMEs face increasingly complex trading conditions.  

“Our deep market expertise coupled with innovative underwriting aims to deliver dependable solutions,” he said. “Australian businesses will benefit from new capacity and a personalised approach.

“Unity is designed to offer brokers and their clients the security of Markel, the agility of a specialist agency, and the service excellence that fosters long-term partnerships.”  

Sydney-based Mr Lucky previously spent 15 years as QBE’s trade credit underwriting manager and was then MD at specialist trade credit brokerage Chief for two decades.

Andrew Donnelly – who previously spent six years at Trade Credit Underwriting Agency – has joined Unity as commercial underwriting manager.  

Steadfast Underwriting Agencies CEO Mark Senkevics says Unity reinforces the network’s commitment to specialty insurance.  

“Trade credit insurance is increasingly vital in today’s economic landscape, particularly as businesses contend with tightening credit conditions and rising insolvency risks.

“Unity’s experienced team and independent structure will deliver meaningful value to brokers and their clients.”