Italy’s ECA Sace and China’s Export and Credit Insurance Corporation (Sinosure), have signed a reinsurance agreement aimed at facilitating projects and deals involving Italian and Chinese companies.

The agreement renews and extends a collaboration initiated in 2006, creating a platform for sharing risk in export-related strategic projects of mutual interest for both Italian and Chinese companies.

“Today’s agreement expands a long-standing partnership between Sace and a key player on the Chinese market, like Sinosure,” says Alessandro Castellano, Sace’s CEO. “This enables us to share our experience and risk-taking ability, creating new important business opportunities in high potential emerging and frontier markets for both Italian and Chinese exporters,” he adds.

Luo Xi, president of Sinosure, comments: “We highly treasure the co-operation with other export credit companies, like Sace. Through the reinsurance with Sace, we could better support Chinese enterprises entering into the global economy, especially when they co-operate with Italian companies.”