Etihad Credit Insurance, African Trade Insurance Agency sign reciprocal reinsurance agreement
Etihad Credit Insurance (ECI) and the African Trade Insurance Agency (ATI) have signed a reciprocal reinsurance agreement to strengthen business ties between the two markets and boost exports by offering credit insurance and trade finance solutions to businesses. The agreement follows the Memorandum of Understanding (MoU) signed by each entity in March last year to improve exporters’ global competitiveness by improving their knowledge of export credit and trade finance solutions and encouraging them to use risk mitigation tools against commercial ones and political risks.
According to the agreement, signed by Etihad Credit Insurance CEO Massimo Falcioni and ATI CEO Manuel Moses, both organizations aim to support joint ventures in the Emirates and Africa in their own countries, as well as their joint initiatives in other countries that are there enable these companies to increase trade. Worldwide. Stressing the importance of this strategic alliance, Falcioni said: “The United Arab Emirates and Africa continue to enjoy successful bilateral trade relations and we at ECI are proud to continue this tradition with the support of ATI policy.”
Moses said, “This agreement with ECI is an important step in strengthening our commitment to providing risk solutions to companies, investors and commercial lenders interested in doing business in the UAE and Africa. Deepening our partnership over the course of this reinsurance agreement will pave the way to unprecedented business opportunities for companies to enhance their regional and global competitiveness.
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