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The African Export-Import Bank (Afreximbank) Headquarters. It is a pan-African entity to finance development on the continent. www.theexchange.africa

Afrexim Bank spinoff AFREXInsure stirs Africa’s insurance sector 

Banking
  • Afrexim’s subsidiary, AFREXInsure, will manage trade and commerce-related risks in Africa.
  • AFREXInsure will leverage its risk expertise using its continent-wide presence.
  • Cargo handling, construction, operations and energy sectors are on target.

The African Export-Import Bank has launched its wholly owned insurance management services subsidiary, AFREXInsure.

The new subsidiary aims to offer a single point of entry for all speciality insurance requirements to help manage associated risks for African trade and commerce. The insurance arm of the bank will offer quality, best-in-breed specialty insurance that are tailor-made for Africa.

With credible knowledge of Africa, AFREXInsure will leverage on its risk expertise using its continent-wide presence and deep understanding of the African market to provide solutions around cargo handling, construction, operations and energy – sectors critical for the growth and establishment of trade and investment intercontinentally.

AFREXInsure targets specialty risks

Speaking during the launch, which took place on the sidelines of Afreximbank’s …