Companies are urged to carry out more frequent assessments of high risk accounts, especially in the current crisis in the Middle East, Coface Head of Underwriting, Southeast Asia, Ms Marie Lim, has said.
Coface has appointed Ms Carmen Chow as Head of Commercial for Hong Kong. In her new role, she is responsible for strengthening Coface's commercial performance strategy and deepening client engagement in the Hong Kong market.
The National Insurance Commission is holding discussions with the Bank of Ghana and the 24-Hour Economy Authority to develop a credit insurance guarantee scheme for small and medium-sized enterprises (SMEs).
The Middle East conflict has fundamentally altered the calculus of risk for global shipping, energy, and trade-dependent industries, according to EDME Insurance Brokers Global CEO-Treaty Reinsurance, Mr Vinod Krishnan.
The potential in financial insurance business is significant in Turkiye, according to Mr Ali Sertac Canal, Deputy General Manager of state-owned Turk Reasurans (Turk Re).
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.