Browsing: Africa Trade Insurance Agency

American Chubb invests $10M equity investments at Africa Trade Insurance Agency

Chubb, the world’s largest publicly traded property and casualty insurance company has made a $10 million equity investment in the Kenyan based African Trade Insurance Agency (ATI). Chubb is the first global property and casualty insurance company to become a shareholder in Africa’s leading multilateral political risk and credit insurer.

Chubb has operations in 54 countries and territories. The company, which is AA rated by Standard & Poor’s, is a leading underwriter of political risk insurance and reinsurance through two of its businesses, Sovereign Risk, a specialty underwriter based in Bermuda, and Chubb Global Markets, its London market division.

ATI supports trade and investment in African member states by providing comprehensive risk solutions, such as political risk and credit insurance products. Headquartered in Nairobi, ATI is Africa’s leading multilateral political risk and credit insurer (rated A/Stable S&P and A3/Stable Moody’s).

ATI currently counts 16 African nations and 10 …