A private U.S. consortium of insurance companies that offers trade credit insurance to U.S. exporters in conjunction with the U.S. (Ex-Im Bank) Export-Import Bank.
A private consortium of US insurance companies that offers trade credit insurance to US exporters in conjunction with the US Export-Import Bank.
An insurance program, previously government managed and underwritten, now privately held, that insures commercial and political risks for U.S. exporters.
A consortium of insurers that provides export credit and political risk insurance for U.S. exporters of goods and services.
An association formed in 1961 to offer export credit insurance backed by the Export-Import Bank of the United States (Eximbank) for U.S. exporters. The association acted as agent for Eximbank offering short-and medium-term insurance coverage. In the fall of 1991, FICA Management Company, Inc. was formed, employing the staff of the association, to act as the servicing company for Eximbank under a two-year contract. FICA Management Company, Inc. will issue Eximbank export credit insurance policies--representing the full faith and credit of the U.S. government--and privately backed association policies. See also: Export-Import Bank of the United States, Insurance
An association of 50 insurance companies that operate in conjunction with the EXIMBANK to provide comprehensive insurance for exporters against nonpayment. FCIA underwrites the commercial credit risks. EXIMBANK covers the political risk and any excessive commercial risks.
An association of about 50 U.S. insurance companies, in conjunction with Eximbank providing U.S. export credit insurance.