Wave of credit downgrades in Africa could grow demand for political risk insurance: Chaucer

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Reinsurance News - Jul 08, 2024

African countries saw a wave of credit rating downgrades last year with only four upgrades to their sovereign bonds, going against the global trend of net upgrades – 20 downgrades and 48 upgrades in 2023 – according to specialty re/insurance group Chaucer. Demand for political risk insur...

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