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Trade Credit tag returned 151 results

  • Saudi Arabia: ICIEC signs landmark facultative reinsurance pact with Eximbank

    Jeddah-headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, and the Saudi Eximbank have signed two landmark facultative reinsurance agreements (FRAs) under which ICIEC would provide credit reinsurance cover to the Saudi export credit agency.

    Middle East | 05 Sep 2021
  • Saudi Arabia: ICIEC says trade recovery expected to be fragmented

    Trade recovery in 2021 is expected at best to be fragmented with the usual geographical differences, where developing countries are in the lowest percentile of any recovery, according to Mr Oussama Kaissi, CEO of Islamic Corporation for Insurance of Investment and Export Credit (ICIEC).

    Middle East | 24 Aug 2021
  • SE Asia heads Belt and Road Infrastructure Development Index

    Southeast Asia has again emerged at the top of the Belt and Road Infrastructure Development Index (BRIDI) this year. Indonesia, Malaysia, the Philippines, and Vietnam occupy the top four places on the 2021 Index.

    China | 06 Aug 2021
  • Saudi Arabia: Moody's affirms ICIEC's ratings with stable outlook for the 14th consecutive year

    The profitability of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) was resilient in 2020, with a combined ratio of 43.7% and net income of Islamic Dinar 6.2m ($8.8m) in 2020 which, despite the pressures from the coronavirus pandemic, remained relatively similar to 2019's combined ratio of 39.9% and net income of Islamic Dinar 6.6m, notes Moody's Investor Service.

    Middle East | 25 Jul 2021
  • Hong Kong: Export credit insurer returns to profits in FY2021

    The Hong Kong Export Credit Insurance Corporation (HKECIC) has posted a profit of HK$212.63m ($27.37m) for the financial year ended 31 March 2021 (FY21). This was a huge turnaround from a net loss of H$104.58bn for FY20.

    Asia | 09 Jul 2021
  • Middle East: ICIEC spells out what COVID-19 means for the Islamic export credit market

    The COVID-19 pandemic has changed underwriting in general, including at The Islamic Corporation for the Insurance of Investments and Export Credit (ICIEC).

    Middle East | 04 Jul 2021
  • Singapore: FinTech co LiquidX receives insurance broking licence, eyes expansion in Asia

    LiquidX, the New York-headquartered global FinTech solutions provider for working capital, trade finance, and insurance has announced that its Singapore entity, LiquidX Insurance Services (Singapore) [LISS], has received a licence from the Monetary Authority of Singapore to offer insurance brokerage services in the country.

    Asia | 01 Jul 2021
  • Asia Pacific: Euler Hermes announces first green2green single risk policy

    Euler Hermes, the world's leading trade credit insurer, and NORD/LB, a state-owned German commercial bank based in Hanover, have announced the closing of Asia Pacific's first Green2Green Single Risk credit insurance policy, a pioneering product designed to help tackle climate change by insuring green transactions and investing the premium in certified green bonds.

    Asia | 30 Jun 2021
  • UAE: DIFC houses regional office of its first Chinese insurer

    The Dubai International Financial Centre (DIFC), the leading global financial centre and the top innovation hub in the Middle East, Africa and South Asia (MEASA) region, has announced that China Export and Credit Insurance Corporation, SINOSURE, has chosen DIFC as the location for its first office in the Middle East.

    Middle East | 28 Jun 2021
  • China: Sinosure is first Chinese insurer to open regional office at DIFC

    China Export and Credit Insurance Corporation, Sinosure, has chosen Dubai International Financial Centre (DIFC) as the location for its first regional office in the Middle East, according to a DIFC statement released yesterday. Sinosure is also the first insurer to open an office in the DIFC.

    Asia | 28 Jun 2021

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