The Saudi Export-Import Bank (Saudi Exim) and Allianz Trade have struck a tentative deal to provide credit and political risk insurance for exports to Saudi Arabia. Under an initial framework agreement signed in London on May 29, Allianz Trade will act as a fronting insurer for non-oil exports to the kingdom by covering the non-payment ...| Global Trade Review (GTR)
Africa Specialty Risks (ASR) has launched a syndicate in Lloyd’s of London to underwrite specialty lines in Africa, in what it says is the first syndicate in the main London insurance market to be focused on the continent. The syndicate is managed by Apollo and will underwrite business lines including political risk and trade credit,…| Global Trade Review (GTR)
Export credit agencies and commercial trade credit insurers have celebrated an “exceptional” year for some key product lines, but are also experiencing a sharp rise in claims from customers, newly released data shows. New short-term trade credit insurance business rose 6% year-on-year to US$2.8tn in 2023, while medium and long-term (MLT) business shot up by…| Global Trade Review (GTR)