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President of the Berne Union visits LCI

Berne Union President, Daniel Riordan and Abbey Sturrock, Berne Union Secretariat, visited the LCI offices on March 13th, 2015. They spent an entire day at LCI and met with the entire team as well as got acquainted with LCI’s profile and strategy.

The main focus of the meeting was the upcoming Berne Union Prague Club joint meeting which will be held in May in Italy. They discussed the above with Karim Nasrallah, General Manager of LCI, who is also the Chairman of the Prague Club.

About the Berne Union

The Berne Union, founded in 1934, is the leading international association for export credit and investment insurance worldwide.

The membership organisation works for cooperation and stability in cross-border trade by supporting the international acceptance of sound principles in export credits and foreign investments and by providing a forum for professional exchange among its members.

Berne Union members are both private companies, offering worldwide risk management solutions, and state backed export credit agencies, focusing on the support of national exports and outward investments.

About the Prague Club

The Berne Union Prague Club is an association dedicated to information exchange for new and maturing insurers of export credit and investment. Established in 1993 by the Berne Union with funding from the European Bank for Reconstruction and Development (EBRD), the group was named after the city where its inaugural meeting was held (Prague, Czech Republic), carrying on the tradition begun by the Berne Union (as the first Berne Union meeting was held in Berne, Switzerland).

Together all members, 77 in total, are committed to conducting their business in a manner that contributes to the sustainable stability and expansion of world trade. Members often act in cooperation with other financial institutions involved in the supporting the successful development of world trade. As of 2014 Berne Union members insured over USD 1.9 trillion in exports and investments covering approximately 11% of global cross-border trade.

For more on the Berne Union, visit www.berneunion.org.

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