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.
Nippon Export and Investment Insurance (NEXI) has sealed its first-ever reinsurance agreement with an African export credit agency (ECA).
Kennedys has appointed Mr Iain Anderson as partner in Singapore. He is a marine, offshore energy and trade credit insurance specialist.
Allianz Trade in APAC has announced that Mr Tetsushi Kitano will take up the role of country manager for Allianz Trade in Thailand, effective 1 September 2025.
Willis has appointed Mr Seckin Atilgan as head of growth, trade credit in Asia, within its Credit Risk Solutions business.
The global trade credit market saw a reduction in claims volume and value in 2024, with 185 claims reported, totalling over $400m. The value of claims fell, in fact, by over $100m according to a survey by Lloyd's Market Association (LMA).
Paris-headquartered Global trade credit risk management company, Coface, has announced the closing of its acquisition of Cedar Rose Group, an information services provider in the Middle East.
These are the highlights for events and updates across the insurance industry this week.
Credit insurer Coface's 1Q2025 Asia payment survey reveals that businesses across Asia, facing economic uncertainty, are bracing for longer customer payment cycles.
The insurance industry has formed a co-insurance group covering domestic trade credit risk, to serve the national strategy of promoting consumption and expanding domestic demand.