Berne Union elects new officers

(Creditman, Vienna, 15 October 2013) At its Annual General Meeting 2013, the Berne Union – International Union of Credit & Investment Insurers, elected new officers, including President, Vice President and Committee Chairs and Vice Chairs. The Berne Union combines public export credit agencies (ECAs) and private market insurers of export credit and investment. Public and private players in the Berne Union cooperate and join their strengths in the form of underwriting expertise and insurance capacity. Since the global financial crisis in 2008, Berne Union members have indemnified approximately US$ 22 billion to exporters and investors, protecting them from losses suffered due to buyer defaults in all regions of the world.