Denmark’s export credit agency has appointed industry player Marsh as its facultative reinsurance broker, the global brokerage recently announced.
Under its agreement with the EKF, Marsh will be the facultative reinsurance broker for the Danish firm’s medium and long-term commercial and political risks with private and public debtors.
The export credit agency assists companies from Denmark in attracting customers abroad to purchase Danish goods and benefit from local investments.
EKF also helps companies raise funds and insures them and their lenders against the financial and political risks of trading and investing in overseas countries.
“Increasingly, export credit agencies are accessing private market capacity as a risk management tool, which ultimately enables public agencies to provide greater support for local exporters and investors,” said Abbey Sturrock, leader of Marsh’s public agency team.
“With EKF’s existing experience in partnering with the private market, the framework agreement with Marsh will help facilitate and grow opportunities for Danish export interests,” Sturrock added.
Lars Caspersen, EKF deputy chief executive, said the deal with Marsh is part of the company’s strategy to pursue an active portfolio management policy.
“We continue to value the co-operation of reinsurers in our work to support Danish export companies doing business across the globe,” Caspersen said.
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