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.
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.