UAE - Markel forms strategic alliance with Etihad Credit
Thursday, 11 08 2018, Category: Insurance and Reinsurance, Country: U.A.E
Markel International has signed a memorandum of understanding (MoU) with UAE export credit company Etihad Credit Insurance (ECI).
Under the MoU, ECI and Markel will mutually design bespoke comprehensive conventional trade credit insurance solutions and services for business in the UAE businesses.
"The newly-signed MoU reflects our eagerness to earmark our presence in the Middle East region, particularly in the UAE – complementing our continuing efforts to expand our geographic reach," said Ewa Rose, managing director of trade credit, political risk and surety at Markel International.
"The UAE is currently the largest market for trade credit insurance in the MENA region," Rose added. "This has also been the strategic location where a majority of the credit insurers have their base and use it as a hub to support businesses in the region. The UAE offers stable economic and political environment, ease of doing business, relatively healthy regulatory and legal environment and geographical positioning, making it a trading hub for the region with access to quality talent.”
Source: Intelligent Insurer