UAE: Etihad Credit Insurance and France sign strategic reinsurance deal
Source: Middle East Insurance Review | Nov 2021
Etihad Credit Insurance (ECI), the UAE federal export credit company and the French Export Credit Agency Bpifrance Assurance Export have signed a reinsurance agreement to increase joint Emirati and French projects globally.
The agreement will strengthen the robust trade and economic cooperation between the UAE and France and boost exports in both countries by providing export insurance solutions for Emirati and French companies.
Under the agreement, both entities will work towards pursuing strategic collaboration in areas such as exploration of mutual opportunities for insurance, reinsurance and co-insurance services for the export of goods in third countries. Both parties will seek to identify companies that could benefit from the agreement and will promote the agreement amongst their customers and potential customers.
The export communities in both countries stand to gain from this partnership, as it aims to provide ease of access to a range of export credit and financing and investment insurance products. M