Industry Segments: Trade Credit Page 2 / 6
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- March 27 2024
WTW taps Marsh for India credit insurance leader
Mumbai-based Rishabh Karnik will help develop the broker's financial solutions offerings.
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- March 26 2024
Korea unveils US$190m trade insurance fund to promote exports
The fund will “drastically improve the terms regarding recipient eligibility" and benefit a wide range of sectors ranging from shipbuilding, petrochem to K-pop.
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- March 26 2024
Allianz Trade elevates James Lie as regional head of e-commerce
The appointment of Singapore-based Lie, who was previously the country manager for Indonesia, underlines the insurer's effort in tapping into the region’s fast-growing e-commerce credit insurance market.
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- March 21 2024
Bond & Credit Co exec breached underwriting limits in Greensill deals: report
Court documents obtained by the Australian Financial Review showed that Tokio Marine had self-reported the issue to regulators nine months before the financier’s collapse.
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- March 7 2024
Australia’s US$1.3bn Asean push puts insurance high on the agenda
The SEAIFF will provide loans, guarantees, equity and insurance for projects that would boost trade and investment, particularly in support of the region's clean energy transition and infrastructure development.
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- February 21 2024
Taiwan’s green power credit guarantee to mitigate default risk, eases up project financing: Fitch
With reinsurance provided by the National Credit Guarantee Administration and backed by EximBank, the new credit guarantee scheme will facilitate financing to wind project operators, Fitch said.
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- January 30 2024
Seoul Guarantee Insurance’s parent revisits IPO plan after failing to impress investors last year: report
KDIC, the state-run parent of the Korean guarantee insurer, has made a first step towards relaunching an IPO, which was shelved in late 2023.
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- December 5 2023
Japanese trade insurer to cover US$680m loan for LNG purchases
In its first policy, the state-owned Nippon Export and Investment Insurance will cover a domestic credit facility to secure the country's energy supplies.
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- December 1 2023
Seoul Guarantee in good stead despite potentially higher claims in 2023: Fitch
Fitch Ratings has affirmed the insurer's rating at 'AA-' (very strong) with a stable outlook considering its capitalisation levels and explicit support from its parent.
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- November 29 2023
MS Amlin expands Singapore political risk, treaty teams
Sam Lim has been appointed as senior underwriter, credit and political risk, while Jinnan Tang joins as treaty underwriter.
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- November 28 2023
IAG blames Credit Suisse’s due diligence failures for Greensill losses: reports
The insurer, in an Australian court filing, said that the Swiss bank should have known that the Bond and Credit company did not have the authority to issue the policies.
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- November 6 2023
IAG accuses Greensill of misleading German regulator: report
In a court filing, the Australian carrirer said that the failed trade lender did not disclose that it had agreed to fund its own insurance claims when it presented a credit insurance guarantee to the country's regulator.
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- October 31 2023
Allianz Trade’s Tricia Koh named commercial director for Hong Kong, Taiwan and South Korea
Koh is replacing Hassan Omaish who has taken up the role of global head of brokers and partnerships from Paris.
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- October 25 2023
Greensill investor may file more legal claims against IAG, BCC and Tokio Marine: report
White Oak has alleged that the insurers failed to inform the firm about the problems in collapsed trade credit financier insurance policies.
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- October 19 2023
Most Asian economies to see an increase in insolvencies: Allianz Trade
Countries set for the largest rises include South Korea, Japan, Australia and New Zealand, but Hong Kong is set to see a decrease in 2024.
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- October 10 2023
India may see rebound in insolvencies despite GDP growth set to outpace regional peers: Allianz Trade
The increase, about 36% this year, is largely driven by the catch-up effect due to the long suspension of courts during the Covid years, according to the trade credit specialist.
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- September 11 2023
Allianz Trade names Imran Khan as India country manager
Mumbai-based Khan will manage credit risk of Allianz Trade's clients in India and work closely with broker partners in the country.
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- July 26 2023
Tokio Marine Kiln signs up political risks specialist Cindy Gunawan in Singapore
Gunawan, who joins from Marsh, will report to regional underwriting director Jamie Tang.
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- July 18 2023
Allianz Trade appoints Chris Markesteijn as APAC head of surety and guarantees
Markesteijn, who is relocating to Singapore, will replace Christopher Shortell who will move to the role of surety services director at Allianz Trade Americas.
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- July 17 2023
Greensill administrator sues IAG for US$2.25bn over Liberty Steel dues: report
The Germany-based administrator claimed that any amount not repaid by Liberty should be recoverable under the insurance from the Australian insurer.
