Fitch Ratings affirms Etihad Credit Insurance at AA- (Very Strong) with stable outlook for third consecutive year
• ECI was assigned a high score due to its systemic importance to the promotion of UAE’s non-oil exports, trade, investments, and strategic sector development in line with the economic agenda of the UAE’s Vision 2021
• Fitch cites ECI’s capitalisation as very strong, supported by a strong capital base with a total paid-in capital of AED250 million, with a further AED750 million committed by the shareholders
His Excellency
Fitch views ECI’s systemic importance to the
Though only in its fourth year of operation, the UAE’s export credit agency has already made solid contributions to employment and to the economy of the country. As of
As per the rating agency, ECI’s ownership by the
Commenting on this achievement, ECI CEO
According to Fitch, ECI’s capitalisation is very strong, supported by a strong capital base with a total paid-in capital of AED250 million, with a further AED750 million committed by the shareholders. ECI uses treaty, facultative and quota-share agreements placed through brokers to cede 65% of its credit, surety, and political risk business to ‘A’- and ‘AA'-rated reinsurance companies with a limit of AED100 million per reinsurer.
In addition, ECI has achieved an ESG Relevance Score of ‘4’ for Governance Structure due to its ownership by and its strong ties to the sovereign, reflecting the high governance ESG relevance scores of the
+971 554739253
email us here
Symetra Celebrates Climate Pledge Arena Launch with ‘Symetra Club’ Art Installation
NCQA Rates Anthem Blue Cross and Blue Shield Highest Employer-sponsored and Medicaid Health Plans in Indiana
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News