Chubb makes equity investment in African Trade Insurance Agency (ATI)

Global insurer Chubb has made a $10 million equity investment in the African Trade Insurance Agency (ATI) ATI. Chubb is the first global property and casualty insurance company to become a shareholder in the multilateral political risk and credit insurer.

ATI supports trade and investment in African member states by providing comprehensive risk solutions, such as political risk and credit insurance products. Established by treaty in 2001, ATI's shareholders currently include 16 African nations and 10 institutional members.

"Insurers play a crucial role in helping to drive growth and infrastructure improvements in the developing world," said Evan G. Greenberg, chairman and chief executive officer of Chubb. "With Chubb's longstanding expertise in political risk and credit underwriting, we see our investment in ATI further advancing their important mission to promote investment, trade and economic growth throughout Africa."

John Lentaigne, ATI's acting chief executive officer, added: "We are delighted to welcome Chubb as one of our shareholders. Chubb's global reach, financial strength, and expertise in this field positions them as a strategic shareholder for ATI as we look to build institutional resilience and broaden our global networks. We look forward to Chubb's future involvement in further promoting ATI's development mandate across the African continent."

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