African Trade & Investment Development Insurance (ATIDI), Africa's leading multilateral insurer of trade risk, is seeking around $500m in capital from partners to support countries that face higher costs as a result of conflict in the Middle East.
Atradius, a global leader in trade credit insurance and risk management, has established operations in Dubai International Financial Centre (DIFC), marking a significant milestone in its Middle East growth strategy.
The exposure of Jeddah-headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) to regions affected by the ongoing war in the Middle East remains limited and is also mitigated through reinsurance, according to S&P Global Ratings (S&P).
Coface has appointed Mr Darren Chan as Country Manager for Malaysia and Head of Philippines.
Companies are urged to carry out more frequent assessments of high risk accounts, especially in the current crisis in the Middle East, Coface Head of Underwriting, Southeast Asia, Ms Marie Lim, has said.
Coface has appointed Ms Carmen Chow as Head of Commercial for Hong Kong. In her new role, she is responsible for strengthening Coface's commercial performance strategy and deepening client engagement in the Hong Kong market.
The National Insurance Commission is holding discussions with the Bank of Ghana and the 24-Hour Economy Authority to develop a credit insurance guarantee scheme for small and medium-sized enterprises (SMEs).
The Middle East conflict has fundamentally altered the calculus of risk for global shipping, energy, and trade-dependent industries, according to EDME Insurance Brokers Global CEO-Treaty Reinsurance, Mr Vinod Krishnan.
The potential in financial insurance business is significant in Turkiye, according to Mr Ali Sertac Canal, Deputy General Manager of state-owned Turk Reasurans (Turk Re).
AfrexInsure, the wholly-owned specialty insurance subsidiary of African Export-Import Bank (Afreximbank), has announced the appointment of Mr Lesley Ndlovu as its new CEO, replacing Mr Jonas Mushosho.