Global Insurer Unlocks Foreign Exchange Savings with Redbridge
Industry
Insurance
Region
Global
Service
Cash Management
Challenge
A large global insurance company faced high FX margins, lacked cost visibility, and struggled to receive reporting in all countries. Banks were reluctant to share data, making it difficult to assess fees accurately. Without internal FX expertise, the company risked overpaying on transactions, reducing financial efficiency and increasing operational costs across multiple markets.
Solution
Redbridge analyzed FX transactions, secured transparent reporting, and directly negotiated with banking partners. By restructuring banking relationships and improving cost visibility, Redbridge achieved better pricing, reduced FX spreads, and optimized treasury processes. A proactive strategy ensured the company could secure long-term savings while maintaining strong banking relationships.
Results
FX margins were cut significantly, leading to 75% annual savings in the U.S. and 37% in Europe. The company received ongoing savings, improved financial efficiency, and maintained banking partnerships while significantly reducing transaction costs. Redbridge’s expertise in FX cost management transformed the company’s treasury function, delivering measurable and lasting impact.
- 37% reduction in European FX fees
- 75% reduction in U.S. FX fees
Foreign exchange costs are often buried in complexity, especially for multinational insurers. Our goal was to bring clarity to that complexity, empowering the client with visibility, transparency, and real negotiation leverage. The result, meaningful savings and a more confident, globally aligned treasury function.”
Mike Russell
Director, Redbridge