AfrexInsure, the wholly-owned specialty insurance subsidiary of African Export-Import Bank (Afreximbank), has announced the appointment of Mr Lesley Ndlovu as its new CEO, replacing Mr Jonas Mushosho.
London-headquartered independent credit and political risk insurance (CPRI) broker BPL, has opened a new office in Japan.
Rating implications from the Iran conflict will be limited for the global insurance sector if the conflict remains short and major damage to oil production and shipment facilities is avoided, says Fitch Ratings.
Global trade credit insurance company, Atradius, says that Qatar is the country among the six GCC states that is most exposed to the on-going military escalation in the Middle East.
Coface has appointed Ms Priscilla Ng as Commercial Director for Singapore. In her new role, she will be responsible for strengthening Coface's commercial strategy and empowering clients to better manage trade credit risks.
The global credit risk outlook is broadly unchanged since the last quarter with major uncertainties related to US tariffs and trade policy, the sustainability of benign market and funding conditions, geopolitical risks, and fiscal/economic policy volatility remaining, according to the latest report by Fitch Ratings.
(Re)insurers in the Middle East will be closely monitoring the conflict taking place in the region as it spreads across the countries in the GCC and the Levant region.
Global trade credit risk management group Coface has forecast global growth of 2.6% this year, a slight easing from 2.8% in 2025. The forecast was made before 28 February when the US-Israel vs Iran military conflict began.
The attacks on Iran by the US and Israel, followed by retaliatory strikes by Iran on several countries allied to the US, including the UAE and Saudi Arabia, will have a profound impact on the insurance market at large. India is also likely to be significantly impacted.
Corporate and specialty insurer HDI Global has launched "Xcelerate29", its strategy cycle for 2026 to 2029, highlighting South-East Asia as a vital region for expansion. The firm said the plan focuses on "targeted international expansion, excellence in the core business, and establishing HDI Global as one of the top employers in the financial services industry."