Jeddah-headquartered multilateral financial institution, Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), has approved insurance coverage of EUR135m ($156.96m) against non-performance of sovereign financial obligations (NHSFO) in support of the Kars-Igdir-Aralik-Dilucu (KIAD) high-standard railway project in Turkiye.
Sierra Leone has become the 51st member of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), marking a significant step in the Jeddah-headquartered insurer's expansion across Sub-Saharan Africa.
Jeddah-headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a multilateral Shariah-based insurer and member of the Islamic Development Bank Group, and African Export Import Bank (Afreximbank) have signed a memorandum of understanding (MoU) to strengthen cooperation in promoting trade and investment flows across Arab and African countries. The MoU was signed in Cairo, where Afreximbank has its head office.
Allianz Trade has announced a change in management within its specialty credit and midterm line of business. Mr William Whittington, previously head of region, specialty credit and midterm at Allianz Trade, has become global head of specialty credit and midterm.
Rising demand from strong export performance and sustained economic growth has prompted international insurer Allianz Trade to open its first office in Vietnam, located in the country's financial capital, Ho Chi Minh City. This was announced by the firm in a 22 October 2025 press release.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has signed a facultative reinsurance agreement with Takaful Libya.
Allianz Trade has appointed Ms Ly Dao as country manager for Vietnam, according to a LinkedIn post. In her new role, she will help the company pave the way for future expansion.
Abu Dhabi National Insurance Company (ADNIC), a leading regional multi-line insurance provider, and Allianz Trade, the global leader in trade credit insurance, announced yesterday that they have established a long-term strategic partnership.
Allianz Trade has appointed Mr Hassan Omaish as CEO for Hong Kong, South Korea and Taiwan (collectively the Hong Kong Hub), effective 1 October 2025.