ACE Group has expanded its political risk and credit division to Japan, as it continues to build its presence and capabilities in this risk area.
Japan was the world’s fourth largest exporting country in 2014. With Japanese businesses relying heavily on overseas trade and growth, their needs for comprehensive political risk and credit insurance cover are increasing rapidly, ACE said in a statement.
ACE said it will now offer its Japanese clients a range of comprehensive insurance solutions for risks including non-payment of trade receivables, protection against sovereign non-payment default, and country risk cover for overseas assets and investments, with market-leading levels of capacity.
To lead the new segment in Japan, ACE has appointed Hiroya Takagi to the new role of political risk & credit manager. Takagi has wide experience across a variety of sectors. He joins ACE from Euler Hermes in Japan where he held the position of head of commercial insurance. Previous to that he worked in international development projects for the World Bank, the Japan International Cooperation Agency and the Japan Bank for International Cooperation. Takagi’s appointment is effective immediately and he will be based in Tokyo.
Source: ACE Group
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