PSU IN MEDIA
Berne Union holds Annual General Meeting in Hyderabad
Hyderabad : 23rd October 2019 – A global delegation of 220 senior executives of the export credit and investment insurance industry met in Hyderabad for the Berne Union 2019 AGM, hosted by ECGC India.
Insurers reported a declining volume of new commitments alongside a 21% increase in claims paid, citing uncertainty fuelled by increasingly negative trade policy and deteriorating macro-economic conditions.
The meeting this week is the 4th General Meeting of the Berne Union hosted in India by ECGC, who have been members since their foundation in 1957. It is also a landmark occasion for the Berne Union, which celebrates its 85th anniversary this year.
The Berne Union is the international association of export credit and investment insurers. The 85 members include government-backed export credit agencies, private credit and political risk insurers and multilateral agencies from from 73 countries – representing all aspects of the industry worldwide.
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