NEXI signs Reinsurance Framework Agreement with ECGC
Nippon Export and Investment Insurance
Nippon Export Investment Insurance (NEXI), the Japanese export credit agency, has signed a Reinsurance Framework Agreement (“Agreement”) with ECGC Limited (ECGC), the India’s export agency.
The Agreement was signed between Mr. Sristiraj Ambastha (Chairman-cum-Managing Director) and Mr. Kazuki Hondo (Managing Executive Officer, Member of Board) at ECGC Headquarters in Mumbai, India on 29th March 2024.
Since both signed a Memorandum of Cooperation in 20181, two institutions have held regular bilateral meeting to strengthen economic relationship between two countries at the time of Berne Union meetings, and other occasions including workshop on new technologies and start-up support hosted by NEXI in 2023.2
This Agreement reaffirms the cooperation between the two institutions towards establishing a reinsurance arrangement to support exports from India to third countries by Japanese affiliated companies in India and vice versa.
Furthermore, the reinsurance cooperation strengthens the economic activities of the two countries, benefits to the peace and economic prosperity in the Indo-Pacific region and contributes to our government’s policy of free and open Indo-Pacific.
NEXI will continue supporting Japanese companies’ overseas businesses through cooperation with foreign export credit agencies.
Contact:
Underwriting Group II Tel: 03-3512-7585