As a result of the 2015 Reauthorization, EXIM launched a groundbreaking reinsurance program in 2018 that worked with the private sector to share risk. The reinsurance program provided an additional $1 billion in loss coverage for a significant portion of EXIM’s existing portfolio of large commercial aircraft financing transactions.
At the time, EXIM’s innovative reinsurance program was the largest public‐private risk‐sharing arrangement for a U.S. government credit agency. EXIM is committed to building off the success of its reinsurance pilot program.
On December 22, 2022, EXIM’s Board of Directors approved risk sharing arrangements on a transaction-by-transaction basis with private sector entities such as insurance companies and other acceptable counterparties.
The main goals of this program are to:
- Increase trade finance by “crowding-in” the private sector; and
- Share risk with the private sector, minimizing risk to the US taxpayer.
The expansion of these risk sharing arrangements equips EXIM with an additional tool that would be available to EXIM as part of its comprehensive risk management strategy.
For more information, please contact RiskShare@exim.gov