Africa Specialty Risks (“ASR”, the “Group”) and the African Reinsurance Corporation (“Africa Re’) announces today that they have entered into a partnership agreement on the provision of Political Risk and Trade Credit Insurance (“PRI & TC”) through an Underwriting Authority Agreement which brings in US$ 10m multi-year capacity for risks situated in Africa and the Middle East, effective from 1st November 2022.
ASR team will write, on behalf of Africa Re and other (re)insurance underwriting capacity providers, Political Risk and Trade Credit in accordance with the terms of the Binder Agreement.
