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Key Highlights: * Alejandro SantamarÈ¡a Caicedo appointed as Country Manager of SOLUNION Colombia effective January 1, 2025 * Jorge Andrés Jiménez Carcamo transitions to Director of CauciÈþn Latam from his [...]

Key Highlights: * Short-term trade credit insurance supported 15.07% of global trade in 2023, equivalent to [euro]8.5 trillion. * 72% of short-term trade credit insurance coverage is provided by private [...]

Key Highlights: * Amynta Group acquired the Credit Division of Crum & Forster, a subsidiary of Fairfax Financial Holdings Limited. * The acquired business operates as a full-service Managing General [...]

Key Highlights: * NEXI provides insurance for loans to Gulf of Suez 2 Wind Power Expansion Project developed by Red Sea Wind Energy S.A.E. * Project includes a 500MW wind [...]

Key Highlights: * NEXI provides insurance for a loan by a Japanese bank to finance the EPC project of Menengai geothermal power plant in Kenya. * NEXI will provide insurance [...]

Key Highlights: * ICISA will host the third edition of ICISA Trade Credit Insurance Week from 7 to 10 October 2024. * The event will be a global virtual event [...]

Key Highlights: * BPCEInsurance has introduced a new guarantee called Family allowance in mortgage insurance contracts for customers of Peoples Banks and Savings Banks. * The guarantee covers 50% of [...]

Key Highlights: * New insurance contracts for mortgage borrowers co-insured by CNP Insurance and BPCE Insurance include the Aid to the family guarantee for Banques Populaires and Caisses dEpargne customers. [...]

Key Highlights: * Sara Bell will focus on developing relationships and new business opportunities for FGIs credit insurance brokerage and risk advisory division. * Sara Bell brings experience in trade [...]

Key Highlights: * Massimo Reale will take over as the Corporative Director for Risks, Information, Accidents, and Recovery of SOLUNION. * Massimo Reale has experience in credit intelligence and has [...]

Key Highlights: * Exclusive roundtable webinar on launching a new credit insurance venture organized by TFG and Tinubu * Panel of industry leaders including Stuart Lawson, Marc Meyer, Carmine Mandola, [...]

Key Highlights: Fitch Ratings Indonesia affirmed PT Asuransi Umum Mega's National Insurer Financial Strength at 'A+(idn)' with a Stable Outlook. * Gross Premium Written (GPW) increased by 75% in 2023, [...]

Key Highlights: * CI Group provides credit insurance solutions for banks and commercial lenders. * CI Group protects over £6 billion of trade turnover in the UK and internationally. * [...]

Key Highlights: * Digital lenders and fintechs are developing new lending solutions to grant greater access to credit without taking on additional risk. * Traditional credit insurance products are being [...]

Key Highlights: * 75% of brokers in the network showed interest in expanding into Trade Credit Insurance. * The Trade Credit practice will be led by 5 regional Ambassadors. * [...]

Seventy companies and organizations signed a manifesto for responsible AI by Foretics. The manifesto outlines five principles and seventeen specifications focusing on aligning AI with sustainability goals. It promotes ethical [...]

The Texel Group welcomes Michaela du Toit and Ivan Jesensky to its London office. Ivan focuses on digitisation, while Michaela works on credit insurance applications. Texel aims to enhance client [...]

HKECIC announced the launch of its first trade credit insurance cover based on SCOR Smart Credit for cross-border e-commerce trade. SCOR Smart Credit is an alternative data underwriting tool developed [...]

ICISA reported growth in insured exposure, premiums, and claims paid for Surety, Trade Credit Insurance, and Single Risk/Political Risk. The 82nd Annual General Meeting saw re-elections, new members welcomed, and [...]

Solunion opened a new office in Lima, Peru, with a focus on driving growth in the country through tailor-made solutions for commercial risk management. The event on May 13 was [...]

Validis partners with FGI to provide real-time data for smarter credit decisions, benefiting businesses globally by streamlining data sharing and expediting credit approval. Key Highlights: * FGI is a global [...]

FGI Worldwide LLC, a global commercial finance leader, partners with Validis, an open accounting API company, to integrate credit management and data extraction platforms. This partnership enables real-time credit insurance [...]

ExpoCredit Financial Group selected FGIs T.R.U.S.T. platform for credit insurance policy administration. ExpoCredit has been a leading invoice factoring company since 1998. ExpoCredit provides working capital financing to domestic and [...]

Fitch Ratings Indonesia assigns PT BRI Asuransi Indonesia a 'AA(idn)' rating with a Stable Outlook. BRI Insurance has a 3% market share in Indonesia's non-life industry, benefits from business synergy [...]

Spotlight on...is an initiative of WICI (Women in Credit Insurance) aiming at highlighting females working in the Trade Credit Insurance business. Key Highlights: * Simon Philpin enjoys interacting with people [...]

The Credit Insurance and Surety industry plays a crucial role in mitigating financial risks. Challenges in attracting and retaining top talent include perception, awareness, and competition from other sectors. Key [...]

ICISA and AMAN UNION signed a Joint Strategic Collaboration to enhance trade and investment insurance globally. The collaboration aims to foster mutual cooperation, knowledge sharing, and sustainable development in OIC [...]

SINOSURE, with an 'A+' IFS Rating and Stable Outlook, is China's leading policy-oriented insurer in export credit insurance. Owned by the Ministry of Finance and Central Huijin Investment Ltd, it [...]

Fitch Ratings has affirmed Etihad Credit Insurance PJSC's (ECI) Insurer Financial Strength (IFS) Rating at 'AA-' (Very Strong) and its Long-Term Issuer Default Rating (IDR) at 'AA-' (Very Strong). ECI [...]

The International Credit Insurance & Surety Association (ICISA) will be hosting the third edition of ICISA Surety Week from 19 - 22 February 2024. Surety Week is a global virtual [...]

The Arab Investment and Export Credit Guarantee Corporation (Dhaman) has issued a Non-Honoring of Sovereign Financial Obligation (NHSO) insurance policy to cover a $500 million 7-year international commercial loan to [...]

TL Dallas has hired four new team members for its trade credit division. The new hires include account executives Lon Shepherd and Martin Garrow, who have over 26 years of [...]

Insurance payouts to protect UK businesses against bad debts have increased by 23% in the first half of the year, reaching their highest level since 2018, according to the Association [...]

The Arab Investment and Export Credit Guarantee Corporation (Dhaman) has insured a $500 million loan to Egypt. The loan was provided within the framework of the decisions made at the [...]

The International Credit Insurance & Surety Association (ICISA) has established a new working group called Women in Credit Insurance (WICI) with the goal of enhancing the representation of women in [...]

The International Credit Insurance & Surety Association (ICISA) has released a new Loss Given Default (LGD) study for the global trade credit insurance market. The study examines the losses arising [...]

WTW appoints Cruz Gonzalez as lenders solutions team leader in Europe. Gonzalez will be responsible for delivering WTW's ambitious growth strategy for financial institutions using credit & political risk insurance [...]

Solunion launches a credit insurance product for medium-sized multinationals. Solution offers a product that offers security and closeness coverage. Solutions offer a global solution to the local needs of multinationals. [...]

ICISA welcomed three new members: AIG, Peak Re and Active Re. ICISA Annual General Meeting held in Brussels, Belgium, for technical committee meetings. Benoȫt des Cressonnieres (Allianz Trade) elected as [...]

Aman Union, the professional forum for commercial and non-commercial risks insurers and reinsurers in the member countries of the Organization of the Islamic Cooperation (OIC) will host its 13th Annual [...]

Lifenet will start offering a group credit life insurance for mortgage loan borrowers of au Jibun Bank Corporation (hereafter, 'au Jiboun Bank') from July 1, 2023 (planned), as its first [...]

Fannie Mae Executes fourth Credit Insurance Risk Transfer transaction of 2023 on $12.9 Billion of Single-Family Loans. CIRT 2023-4 transferred $501.6 million of mortgage credit risk to private insurers and [...]

ICISA was invited to speak at ICC Ghana's inaugural Sustainable Supply Chain Summit in Accra. The portfolio of risks emanating from sub-Saharan Africa (whether from private insurers or from government-backed [...]

PIB Group has acquired a book of business from Trade Credit Insurance Consultants (TCIC). PIB Insurance Brokers will manage the trade credit division within the existing Trade Credit division. Original [...]

NEXI has decided to provide a loan insurance for a project to construct a pellet feed plant (the Project) by CSN MineraȺÈúo S.A. The Project promotes the decarbonization of Japanese [...]

GuarantCo has closed its first syndication transaction via the credit insurance market with Canopius. The transaction involved the use of a non-payment insurance policy covering exposure on a GuarantCo portfolio [...]

Demand for trade credit insurance in Asia is growing, particularly given the rise of non-payment risks due to economic uncertainties and geopolitical tensions. Multi-buyer XOL structures provide secured protection against [...]

2023 is shaping up to be another major year for regulatory change. Changes to rules governing the activities of the clients of credit insurers and sureties may also lead to [...]

Chaucer, the global specialty (re)insurance group, announces a new partnership with carbon credit insurance specialist Kita to bring first of its kind insurance products to the carbon markets. Kita's first [...]

Leading independent specialty Managing General Agent, Nexus Underwriting, announced the appointment of Farah Rostamzad as Head of Trade Credit in its French office located in Paris. Originally trained in insurance [...]