The credit and political risk insurance (CPRI) market recorded another strong year in 2025, with growth and performance standing out despite global economic and geopolitical headwinds, according to the latest analysis by reinsurance broker Howden Re, released yesterday.
audi Export-Import Bank (Saudi EXIM) has signed a first-of-its kind critical metals master insurance policy with Trafigura Group, a market leader in the global commodities industry, to support multi-year prepayment transactions with mining companies worldwide, with an expected value of up to SAR3bn ($800m).
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.