UK construction woes continue as credit insurers withdraw cover

摘要

A slowdown in the residential and commercial property sectors this year has put increasing pressure on the UK construction industry, pushing many companies to the limits of their margins. As a result, credit insurance claims made by the construction industry have risen 25 percent thisyear and the worst is yet to come, a risk services managerfor Credit insurers Atradius told MB lastweek. "The British construction industry is experiencing difficult times and insolvencies have risen," he told MB. "Manyintheinsurance industry have begun adjustingtheir price and riskvalues accordingly."