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Berne Union AGM voices concerns
20 October 2011
Berne Union members are on track to support $1.4 trillion of global trade and investment in 2011 but concerns have been raised about banks struggling to fund transactions.
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Berne Union
export credit agencies
private insurers
trade credit insurance
political risk insurance
EFIC
Cesce
Zurich
Finnvra
Berne Union members are on track to support $1.4 trillion of global trade and investment in 2011 but concerns have been raised at the groups annual general meeting in Budapest about banks struggling to fund transactions.
“The results from the first half of 2011 clearly show the commitment of our members to support global trade and investment in a difficult environment”, says Angus Armour, president of the Berne Union, "but the outlook for the global economy continues to be a concern for our members."
"This result reflects strong demand from our clients, consistent with the levels achieved in 2010, which would...
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