Meridian Teams Up With Texel

London & Los Angeles — Meridian Finance Group is joining forces with Texel Finance Limited to create a global political risk and credit insurance brokerage.

The Texel Group has acquired a 50{bfa08a400c7550404055ff04715e84c9172815d33c25eb3b84e230636ecdc007} interest in Meridian, which will continue to operate in the USA as Meridian Finance Group under the leadership of its founder and president Gary Mendell.

Meridian specializes in brokering domestic and export credit insurance, as well as arranging trade finance for cross-border transactions. Since 1993 Meridian has helped hundreds of middle-market companies and small businesses nationwide to increase their U.S. and international sales. Meridian has received the President’s “E” Award, three Ex-Im Bank Broker-of-the-Year awards, and appointment in 2016 to a new federal trade finance advisory board.

Texel is a privately-owned and independent Lloyd’s insurance broker, with offices in London and Singapore, specializing in the fields of credit and political risk insurance. The firm was founded in 1997 to deliver innovative solutions that mitigate its clients’ exposures to diverse payment and political risks. Texel’s clients include major commercial and investment banks, top-tier commodity traders, and multinational corporations.

Andy Lennard, chairman of the Texel Group, said, “We’re delighted to be teaming up with Meridian. They’re one of the few credit and political risk insurance brokers in the USA offering decades of experience and the level of expertise that is vital in this market. Our global team will provide Meridian and Texel clients with the ability to place insurance 24/7. We’re extremely excited by this opportunity and the potential synergies that will arise from this transaction.”

Meridian’s Gary Mendell responded, “We’re likewise thrilled to be joining forces with Texel, one of the most accomplished credit and political risk insurance brokers in the world. Our ensemble will provide global support for Texel and Meridian clients, take advantage of the many synergies between our two firms, and contribute to economic growth by expanding the use of credit insurance and our other trade finance services.”

Together Texel and Meridian work with every credit insurance and political risk underwriter in the USA, Europe, Bermuda, Singapore, Africa, and the Middle East – including insurance companies, Lloyd’s of London, and government export credit agencies. Our mission is to help our clients manage their credit risks, increase sales, monetize their receivables, and otherwise conduct trade more profitably. We would welcome the opportunity to be of service to you and your customers.

In the USA and the Americas:
Meridian Finance Group
tel (1) 310 260 2130

In Europe, Africa, Middle East:
Texel Finance Limited
tel (44) 20 7481 3030

In Asia:
Texel Asia Pte Limited
tel (65) 6908 1568