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Trade Credit tag returned 86 results

  • Trade with BRI participating countries rises 11% in 2019 to US$1.3tn

    China's trade with countries participating in the Belt and Road Initiative (BRI) posted robust growth in 2019, totalled CNY9.27tn ($1.34tn) in 2019, up 10.8% year on year, outpacing the country's aggregate trade growth by 7.4 percentage points, according to the General Administration of Customs (GAC).

    China | 17 Jan 2020
  • Africa: Chubb is 1st global insurer to invest in continent's trade insurance agency

    American insurance giant Chubb has made a $10m equity investment in the African Trade Insurance Agency (ATI), becoming the first global property and casualty insurance company to become a shareholder in Africa's leading multilateral political risk and credit insurer.

    Africa | 16 Dec 2019
  • UAE: Federal export credit firm receives AA- rating

    Etihad Credit Insurance (ECI), the UAE federal export credit company, has been assigned an Insurance Financial Strength (IFS) Rating and an Issuer Default Rating (IDR) of AA- (very strong) with stable outlook from Fitch Ratings.

    Middle East | 09 Dec 2019
  • Africa: EIB expands trade & investment insurance benefits

    The European Investment Bank (EIB) has formally agreed to support membership expansion of the African Trade Insurance Agency (ATI) with a concessional financing facility to cover the shareholding of three prospective members -- Cameroon, Niger and Togo.

    Africa | 25 Nov 2019
  • New CEO to lead Atradius

    Trade credit insurer Atradius has appointed Mr David Capdevila as its new CEO, effective 1 January 2020. He will replace Mr Isidoro Unda who has announced his departure after 12 years as the insurer's CEO.

    People | 01 Nov 2019
  • Ghana: Accra signs pact to join African Trade Insurance Agency

    The Ministry of Finance and German Development Bank KfW have signed a EUR16m ($17.6m) financing agreement that will enable Ghana to secure its shareholding and membership into the African Trade Insurance Agency (ATI), a multilateral investment guarantee institution that mitigates investment risks into Africa.

    Africa | 07 Oct 2019
  • Saudi Arabia: Islamic trade credit insurer maintains Moody's Aa3 rating for 12th year

    The improved profitability and underwriting performance of Jeddah headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has led Moody's to affirm the company's insurance financial strength rating (IFSR) of Aa3 for the 12th consecutive year.

    Middle East | 03 Oct 2019
  • UAE: Etihad Credit Insurance awards contract to Coface

    Etihad Credit Insurance (ECI), the UAE federal export credit company, has awarded a business information service contract to Coface, a leading global credit insurer.

    Middle East | 02 Oct 2019
  • Turkmenistan joins ICIEC

    Turkmenistan has become a member of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), which is part of the stable of the Islamic Development Bank Group (IsDB). Turkmenistan is the 47th member country of the trade insurance group.

    Middle East | 19 Sep 2019
  • Sinosure pays record claims on trade war risks

    As the US-China trade war intensifies, state-owned trade credit insurer Sinosure is stepping in to support Chinese exporters, providing low cost coverage and chasing down US importers unwilling or unable to pay mounting tariffs, reported Reuters.

    China | 13 Sep 2019

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