Better underwriting in key segments and favourable reserve development have given the Indian export credit insurer strong technical earnings, though geopolitical risks remain.
Former PROACT Australia co-founder Dave Stott will lead the rebranded business, bringing three decades of experience across underwriting, broking and international markets.
The cases have drawn attention to K-SURE's buyer-screening processes, with lawmakers urging a reassessment of underwriting standards and coverage approval practices.
Growing concerns over compliant fuels linked to engine damage are prompting calls for enhanced testing and closer scrutiny of bunker quality throughout the supply chain.
The move takes him back to underwriting after almost four years as a broker, bringing with him experience that spans political violence, terrorism, and casualty risks.
