Africa Specialty Risks (ASR), the Africa and Middle East focused (re)insurance group, announces the launch of the first Africa Focused Lloyd's Consortium.
Seven government agencies have released joint guidance on trade credit insurance to promote the "insurance + credit + financing" model in domestic and international trade.
Algeria aspires to become a major player in facilitating and ensuring trade in Africa and the Arab-Muslim world, as part of its support for initiatives aimed at promoting fair and dynamic international trade, Finance Minister Laaziz Faid.
Jeddah-headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-compliant multilateral insurer and a member of the Islamic Development Bank (IsDB) Group, has entered into several agreements at the AMAN Union's 14th Annual General Meeting in Algiers held on 1-3 December.
The underwriting performance of Seoul Guarantee Insurance Company (SGI) is expected to normalise from 2025 with a gradual interest-rate cut, says Fitch Ratings.
Moody's Ratings has affirmed ICIEC's 'Aa3' Insurance Financial Strength Rating (IFSR) with a 'Stable' outlook for the 17th consecutive year, underscoring its strong standalone credit profile and ongoing support from key shareholders, including the Islamic Development Bank (IsDB) and sovereign members of the Organization of Islamic Cooperation (OIC).
Etihad Credit Insurance (ECI) has signed Memoranda of Understanding (MoUs) with Saudi EXIM Bank and Credit Oman during its participation in the Annual General Meeting of Berne Union, in Hamburg, Germany, which was held on 15-17 October.
Hong Kong's Insurance Authority (IA) will carry out a review next year to strengthen Hong Kong's position as a global risk management centre, revealed Mr John Lee, the territory's Chief Executive.
Wholly state-owned Export Credit Guarantee Corporation of India (ECGC) recorded strong technical earnings in the fiscal years 2023 and 2024, notes AM Best.
The financial performance of Asuransi Asei Indonesia (Asei) is expected to remain volatile due to its high exposure to general insurance relative to its small size, and changes in reserves associated with its existing long-tail credit insurance business, according to Fitch Ratings Indonesia (Fitch).