Sector - Credit & Political Risk Insurance
GTR Asia Leaders in Trade results
GTR is pleased to announce the results of its Asia Leaders in Trade 2013 readers' poll.
Hermes and HSBC in global tie-up
HSBC has signed a deal with Euler Hermes which will see it only offer Hermes TCI to its customers.
Two new risk analysts at XL
XL Group has made two political risk appointments in New York.
Short-term insurance claims rise
Short-term claims paid by export credit insurers increased to higher-than-expected levels in 2012.
QBE hires senior underwriter
QBE has appointed Sebastian Rice to join QBE Trade Credit as a senior underwriter.
Aureus Mining mandates African banks
Aureus Mining has mandated Nedbank and RMB to arrange project debt facilities of up to US$108mn.
Finnvera backs short-term exports
Finnvera has been granted permission to insure short-term exports to EU countries to fill a private sector market gap.
Turkey leading the way in Libya
Turkish companies are in pole position to capitalise on the economic growth in Libya.
Banks must query risks in Africa
Banks financing projects and trade in Africa are being urged to get more involved in security management to avoid losses.
Coface expects TCI growth in the UAE
Trade credit insurance (TCI) volumes in the UAE are expected to grow by 50% within two years, according to Coface.
Video: Changes in Mena's trade finance landscape
The European sovereign debt crisis, coupled with the aftermath of the Arab Spring, has changed the trade finance landscape in the GCC, forcing banks and corporates to look for increased security in transactions.
Security crucial for Middle East trade
Companies in the Middle East are looking for maximum security in trade transactions after being doubly hit by the financial crisis and the Arab Spring, which has resulted in increased demand for confirmed letters of credit (LCs), trade credit insurance and warehouse receipts.
AIG launches Mena cover
AIG has expanded its trade credit insurance offering to the GCC.
Underwriter joins XL Asia
Lian Phua has joined XL Group’s Asian political risk and trade credit team.
Ukraine and Croatia sign MoU
Ukraine’s IBcontacts has signed an agreement with Poslovni Info Servis.
