Czech Republic / Reinsurance Agreement between NEXI and EGAP

June 28, 2017

Nippon Export and Investment Insurance

Nippon Export and Investment Insurance (NEXI; Chairman and CEO: kazuhiko Bando) and Export Guarantee and Insurance Corporation (EGAP), the export credit agency of Czech Republic, signed a reinsurance agreement at the Prime Minister’s office in Tokyo on June 27, 2017.

The agreement was signed and exchanged between Mr. Marek Dlouhý, Vice Chairman of the Board, Head of Business Section, EGAP and Mr. Masafumi Nakada, President of NEXI, in the presence of Japanese Prime Minister Mr. Shinzo Abe and Prime Minister of the Czech Republic Mr. Bohuslav Sobotka, on the sidelines of his visit to Japan.

photo image
At the signing ceremony: Czech Prime Minister Mr. Sobotka (back left), Japanese Prime Minister Mr. Abe (back right), Mr.Dlouhý, EGAP (front left) and Mr. Nakada, NEXI (front right)
(Source: Official Website of the Prime Minister of Japan and His Cabinet)

Since the signing of an MOU on reinsurance cooperation in December 2015, NEXI and EGAP had discussed detailed conditions. The purpose of the reinsurance agreement signed on this MOU is to explore the economic interests of the two countries and help develop third-country exports. The risk sharing between EGAP and NEXI through reinsurance is expected to help increase large-scale exports to third countries from the two countries.

NEXI will continue to support Japanese companies’ overseas business through reinsurance cooperation with other ECAs.

Contact: Management Group, Structured and Trade Finance Insurance Department