Zurich Enters Into Alliance With Korea Export Insurance
Zurich's North America Surety, Credit & Political Risk group has signed a memorandum of understanding with the Korea Export Insurance Corporation (KEIC), under which two companies will work jointly to leverage and enhance existing political risk, export credit insurance and surety capabilities.
The MOU establishes a framework for a public/private collaboration that is anticipated to enhance opportunities for Korean investors, exporters and contractors and promote international trade in established and emerging markets across the world.
The company said that it will provide reinsurance, co-insurance, and surety facilities in conjunction with KEIC to help facilitate international trade and manage the risks associated with these transactions.
Daniel Riordan, president of specialties unit at Zurich, said: “Zurich’s broad experience and capabilities, and KEIC's depth of knowledge on matters relating to export transactions makes this a very effective public/private collaboration which strengthens the ability of both parties to serve the needs of companies operating in markets across the globe.
“In this instance, Zurich's ability to support KEIC in political risk, credit insurance as well as surety bonds will enable it to support its Korean customers in a more meaningful way.”
Related Insight
Suppliers Directory
Life Insurance & Pensions
Intermediaries Brokerage Underwriting London Lloyds
Reinsurance
Technology Technology in Insurance Outsourcing
Regulatory & Risk
Intelligence
Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125
Comments may be moderated for spam, obscenities or defamation.