African Export-Import Bank (Afreximbank) and Nairobi-headquartered ZEP-RE (PTA Reinsurance Company) has launched the Trans-Africa Bond Alliance (TABA), a transformative initiative designed to bridge the insurance capacity gap and empower African contractors to secure more construction and procurement projects while boosting cross-border trade and enhancing the movement of goods and investment across Africa.
Allianz Trade has appointed Mr Philippe Dessèvre as global head of reinsurance of Allianz Trade and CEO of Euler Hermes Reinsurance, effective 1 October 2025 and subject to regulatory approval.
Tunisia has joined the African Trade & Investment Development Insurance (ATIDI) and will participate in its capital, under the terms of an agreement inked on 24 March 2025 between the Tunisian Economy and Planning Ministry and ATIDI.
ETG Insurance & Risk Solutions (EIRS), an international multi-specialist insurance and reinsurance broker, has teamed up with AU Group, the leading Paris-headquartered trade credit and political risk insurance broker, to introduce Africa's first dedicated broking platform for trade credit and political risk insurance.
Allianz Trade in APAC has appointed Mr Wongi Kim as country manager for South Korea, effective 1 April 2025. He will succeed Mr Andy Ryoo, who is retiring.
Insolvencies in Asia Pacific are anticipated to increase by +5% in 2025 (+1% without China) followed by +6% in 2026 (-4% without China), according to Allianz Trade in its latest Global Insolvency Report released earlier this week.
MSIG Asia has announced a strategic collaboration between MSIG USA, MSIG Singapore and MSIG Hong Kong to expand the Group's political risk and trade credit business in Asia.
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.