Export credit agencies of UAE, India join hands to enhance trade, economic cooperation 

الإمارات والهند تعززان العلاقات التجارية وفرص ائتمان الصادرات المشتركة

Alliance to create prospects for mutual strategic projects between the UAE and India Agreement to give a boost to companies and exporters between the two countries, enhancing their economic ties The partnership provides a platform to identify new business opportunities and develop new partnerships in the UAE Etihad Credit Insurance (ECI), the UAE Federal export credit company, has partnered with ECGC Limited (ECGC), the premier export credit agency of India, to explore and bolster the trade and economic cooperation between the UAE and India. In a Memorandum of Understanding (MoU)…

UAE, UK join hands to boost trade ties, export credit opportunities

المشرخ: تعديلات قانون الشركات تواكب مستجدات سوق الاستثمار العالمي

Etihad Credit Insurance (ECI), the UAE Federal export credit company and the UK Export Finance (UKEF), the UK’s export credit agency, have signed a reinsurance agreement to enhance the competitiveness, scale and scope of both countries’ export industry through strategic partnership and cooperation. The agreement, which was signed by Massimo Falcioni, CEO of ECI, and Louis Taylor, CEO of UKEF, aims to provide a robust turnkey platform, which the two parties can utilise to draw new business opportunities and identify areas for future collaboration to foster a greater trade alliance…

His Excellency Dr. Thani bin Ahmed Al Zeyoudi praises ECI’s high score of AA  rating with stable outlook from Fitch Ratings as vital to boosting the global competitive edge of UAE businesses

His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade and Deputy Chairman of the Board of Directors of ECI, praised the efforts of Etihad Credit Insurance (ECI), the UAE Federal export credit company after it has been assigned with Insurance Financial Strength (IFS) Rating and an Issuer Default Rating (IDR) of AA- (Very Strong) with Stable Outlook from Fitch Ratings, for the second year. His Excellency said that the high rating received by ECI reflects the Federal export credit company’s unyielding commitment to help…

UAE and Uzbekistan to enhance economic cooperation

UAE and Uzbekistan to enhance economic cooperation,

 boost joint export credit opportunities The export credit agencies (ECAs) of the UAE and Uzbekistan have agreed to bolster and reinforce the trade and economic alliance between the two countries by exploring and boosting opportunities in the export of goods and services. This follows UAE and Uzbekistan’s last month announcement of their expanded partnership to include economy, manufacturing, and business incubators through implementing 147 initiatives developed by the UAE Government in Uzbekistan. The Memorandum of Understanding (MoU) between Etihad Credit Insurance (ECI), the UAE Federal export credit company, and Uzbekistan…

AM Best’s Insurance Market Briefing – MENA to Examine Current Trends and Their Future Impact

AM Best’s Insurance Market Briefing – MENA to Examine Current Trends and Their Future Impact

LONDON–(BUSINESS WIRE/AETOSWire) – AM Best’s annual Insurance Market Briefing – MENA will be held as a complimentary webinar on 3 November 2020, at 14:00 hours, Gulf Standard Time (GST), to discuss the (re)insurance markets of the region. The Middle East and North Africa (MENA) region’s markets, particularly for reinsurance companies, have been characterised by competitive pricing pressures, overcapacity and increased incidences of large losses. In 2020, the fallout from COVID-19 and a volatile oil price environment have added to these challenges. In this 90-minute session, senior rating analysts from AM…

Berkshire Hathaway Specialty Insurance Introduces D&O Liability and Professional Indemnity Policies in Dubai

Berkshire Hathaway Specialty Insurance Introduces D&O Liability and Professional Indemnity Policies in Dubai

BOSTON & DUBAI–(BUSINESS WIRE/AETOSWire)-– Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has finalized proprietary Directors & Officers (D&O) Liability and Professional Indemnity (PI) policy wordings for customers in the UAE and throughout the Middle East. “Companies in the Middle East are increasingly concerned about management and professional liability exposures particularly in the challenging business environment created by the Covid-19 pandemic,” said Aisling Malone, Head of Executive & Professional Lines, Middle East BHSI. “Our new policy forms enable customers and brokers to secure broad coverage that is backed by…

Best’s Special Report: Middle Eastern and African Rated Insurers Well Capitalised to Offset Regional Risks

LONDON, 29 January 2019 –(BUSINESS WIRE/AETOSWire)- Suppressed oil prices have impacted the economies of countries in the Middle East and Africa, although (re)insurers rated by AM Best in the region generally remain well-capitalised, according to a new special report by AM Best. In the Best’s Special Report, titled, “Middle Eastern and African Rated Insurers Well Capitalised to Offset Regional Risks,” AM Best states that political instability presents another headwind for (re)insurers operating in the Middle East and Africa. Yet despite the economic and political challenges, the majority of rating actions…