NEXI Renewed Cooperation Agreement with MIGA

Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Atsuo Kuroda) has concluded renewal of the Cooperation Agreement with Multilateral Investment Guarantee Agency (MIGA) on 28th May, 2024.¹

(From left: Mr. Matano, Executive Vice President of MIGA, Mr. Kuroda, Chairman and CEO of NEXI)

MIGA is a multilateral institution of the World Bank Group that promotes foreign direct investment (FDI) into developing countries by providing guarantees to protect investors and lenders against losses caused by political or non-commercial risks. NEXI and MIGA have established a cooperative relationship under reinsurance as well as co-insurance underwriting.

In March 2024, NEXI hosted a workshop with MIGA’s reinsurance team in the field of Investment Insurance to further enhance and leverage the mutual partnership.

NEXI will continue to actively support Japanese companies’ business development overseas, as well as their exports, investments, and financing developing economies by enhancing cooperation with international financial institutions.

Focus Areas for Partnership

1. 1. Cooperation in reinsurance and co-insurance in the field of investment insurance, loan insurance, and other trade finance tool for joint projects.
2. 2. Cooperation in a complementary manner through combining MIGA's expertise in guarantees and NEXI's expertise in relation with Japanese corporate sector and mission to increase Japanese companies’ overseas business opportunities.
3. 3. Sharing of information related to joint projects, implementing joint due diligence, exchanges of market information to promote reinsurance cooperation.

About MIGA

MIGA was created in 1988 as a member of the World Bank Group to promote foreign direct investment in emerging economies by helping mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, and war & civil disturbance; and offering credit enhancement to private investors and lenders.

Contact:
International Relations Group, Planning and Policy Department
Telephone: +81-3-3512-7665
Overseas Investment Insurance Underwriting GroupⅡ, Underwriting Department
Telephone: +81-3-3512-7600

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