PGR now has direct supervision over contracts involving Mozambican state
International Commercial and Engineering (ICE) Seguros is pleased to announce that on the 29th April 2018, Global Credit Ratings upgraded the claims paying ability of ICE from BBB+ Stable to A- Stable.
“ICE offers specialist underwriting services to large national and multinational corporations and the credit rating upgrade coupled with our significant increase in capital, has made access to top rated security that much easier for our clients “ said company Managing Director, Edward Capel.
The insurer is gearing up to provide insurance capacity to multinational corporations, as the gas sector begins to take off, by scaling up its training of staff and staff of its clients and brokers, increasing capital and allocating a large percentage of the group resources to Mozambique.
“While the upstream gas business is in our sights, we have to accept that ENH and the international gas operator’s financiers require S+P A range credit ratings, which no insurer in Mozambique has. We will therefore mainly be aiming to provide cover for the logistics, catering, technical services, marine, aviation and transport service providers of the gas industry” outlined Capel.
ICE has remained entirely focused upon corporate business in Mozambique, enabling the concentrating of all efforts upon the providing technical advice and a personal service offering to corporate clients. The approach has assisted the company in growing to become the third largest non-life insurer, within three years of commencing operations.Source: ICE Seguros Mozambique / Press Release
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