• January 21, 2025
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ITFA is pleased to welcome three institutions to its growing family:

Cultivar Insurance Ltd, a leading Managing General Agent (MGA) specializing in commercial and political trade credit risk insurance, surety, and financial guarantees across emerging markets, is pleased to announce its membership with the International Trade and Forfaiting Association (ITFA). Headquartered in the Dubai
International Financial Center (DIFC) and regulated by the Dubai Financial Services Authority (DFSA) under License No. F009387, Cultivar joins ITFA with a commitment to foster growth in credit and political risk insurance for the Middle East, Asia Pacific, and other emerging economies.

With a focus on bridging the supply gap for Credit and Political Risk Insurance solutions, Cultivar collaborates with banks and financial institutions to offer capital relief products designed to enhance capital efficiency and risk management. This partnership with ITFA aligns with Cultivar’s mission to expand the availability and impact of insurance solutions that mitigate trade credit risks, fostering stability and growth for businesses in underdeveloped markets.

Hussein Khalil Deputy CEO and Chief Underwriting Officer at Cultivar Insurance Ltd, will act as the primary contact for ITFA matters. He states, “Our membership in ITFA reflects our commitment to innovation and leadership, harnessing advanced technology and local knowledge to create reliable insurance solutions

Mr. Khalil brings extensive expertise and dedication to advancing Cultivar’s goal of increasing market penetration for credit and political risk insurance solutions. He notes, “Cultivar Insurance Ltd aims to be a transformative player in the Credit Insurance Industry for emerging markets. Our membership in ITFA reflects our commitment to innovation and leadership, harnessing advanced technology, product expertise, and local knowledge to create robust, reliable insurance solutions.” Through its strategic initiatives, Cultivar aspires to be the “apple moment” for the Credit Insurance Industry in emerging markets, advancing access to essential risk mitigation tools and ultimately becoming a market maker. Cultivar’s membership in ITFA will further solidify its role in promoting sustainable trade finance solutions, strengthening resilience in emerging economies, and providing substantial capital relief products to banks across the Middle East and Asia Pacific regions.

About Cultivar Insurance Ltd Cultivar Insurance Ltd is a DIFC-incorporated MGA with a paid capital of USD 2.5 million, specializing in the management of commercial and political trade credit risks, surety, and financial guarantees in emerging markets. Leveraging market-leading technology and extensive local knowledge, Cultivar partners with local cedents to address the supply gap in Credit and Political Risk Insurance. Cultivar is committed to delivering innovative capital relief products that help banks in the Middle East and Asia Pacific optimize capital allocation
and manage risk effectively.

Dubai, UAE — November 7, 2024 — Cultivar Insurance Ltd, a leading Managing General Agent (MGA) specializing in commercial and political trade credit risk insurance, surety, and financial guarantees across emerging markets, is pleased to announce its membership with the International Trade and Forfaiting Association (ITFA). Cultivar’s commitment to fostering growth in credit and political risk insurance for the Middle East, Asia Pacific, and other emerging economies aligns with ITFA’s mission.

With a focus on bridging the supply gap for Credit and Political Risk Insurance solutions, Cultivar collaborates with banks and financial institutions to offer capital relief products designed to enhance capital efficiency and risk management. The membership will help cultivate stability and growth for businesses in underdeveloped markets.

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