Credit and political risk insurance broker Texel Group has signed a co-operation agreement with Marubeni Safenet, an in-house insurance agency for a major Japanese trading company.
Texel said the agreement would strengthen its support of clients and insurers in Japan, adding that the nation was “one of Asia’s largest and most sophisticated financial and credit markets”.
Angela Chang, managing director of Texel Asia, said: “Japan represents a significant strategic opportunity for Texel, and this partnership is an important step in in our long-term growth strategy across Asia.
“Marubeni Safenet’s trusted relationships and deep understanding of the local market, combined with Texel’s specialist expertise in credit and political risk re/insurance, create a compelling proposition for Japanese clients and insurers.”
Marubeni Safenet was set up in 1968 by Tokyo-headquartered trader Marubeni Group. It now provides insurance, risk management and employee benefits solutions to more than 3,000 corporate clients worldwide, the firm said.
In addition to trade credit insurance, its solutions cover property, casualty, marine, cyber and M&A insurance.
Earlier this year, Texel named William Shaw as its new chief executive, taking over from founder Andy Lennard.
Lennerd founded Texel in 1997, and the broker now has offices in Brussels, London, New York and Singapore.
In July 2025, Texel completed its transition to 100% employee ownership in a bid to preserve its long-term independence.
