Korea unveils US$190m trade insurance fund to promote exports
March 26 2024 by InsuranceAsia News-
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The state-run parent of the Korean guarantee insurer announced that it has filed for a preliminary IPO review on the Korea Exchange.
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Miller expands Asia offering with new credit and political risk head
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The specialist broker has hired Edward Cheak in Singapore from Texel to broaden its products in the region.
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Trade credit insurers expect ‘harder’ market as insolvencies return to pre-Covid highs
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A 'buyer’s market' prevails as claims have yet to exceed pre-pandemic levels. But rising geopolitical and trade tensions have boosted intra-Asia trade and insurance demand, with some carriers expanding investments in the region.
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Korea to provide US$2bn trade insurance as “AI supercycle” looms: report
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South Korea's Trade, Industry and Energy Minister Ahn Deok-geun said that the demand for power from AI utilisation has boosted the power device market in a supercycle through which the country can bolster its exports.
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