Perceptive Underwriting

14 August 2018

Rethink Group

The Rethink Group delivers recruitment and talent management services internationally to transform businesses into higher performing organisations.  Specialist sectors for the company include business and technology, energy, retail, life sciences and pharma, engineering and commercial. By improving efficiencies for their clients they increase return and reduce risk.

And it was the latter that made them look at credit insurance for their rapidly growing sales ledger. In 2009 when many insurers were taking action on cover they began a relationship with CIFS. 

Lee Rowlands Credit Manager of the Rethink Group explains their choice: ‘We moved from Euler Hermes to get a better price for the same amount of cover.’  Included in this cover are clients in Dubai, Singapore and Ireland.

CIFS has worked with The Rethink group since and during this time the company’s turnover has grown from £38 million to £111 million.  

Lee continues:

CIFS has worked with us as our business has developed. They really understand us and the limits that we need to sustain our growth. We value the interaction with underwriters rather than just having a number to call. In particular we have a very good relationship with Neil Payton, Risk Director at CIFS; we trust their expertise and they appreciate our rigour and processes.

Interestingly the client base of The Rethink group comprises many large blue chip organisations. As Lee Rowlands concludes: ‘Recent news stories about household names underline the adage that nothing is certain but death and taxes. In business you just never know.’

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