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About CGI

CGI is the first specialist credit insurer in Mauritius and provides protection to our policyholders against the risk of non-payment of their customers

We currently?service?more than 100 clients. In addition, CGI is insuring around Rs. 40billion worth of turnover for its customers and this is projected to reach around Rs. 45billion shortly.

Our underwriting team carries out the risk assessment for around 5,000 buyers (domestic, regional and international) and issues more than 10,000 credit limits yearly.

Credit Guarantee Insurance Co. Ltd (CGI) was incorporated in February 2009.

The shareholders are Prudence Holding Ltd (60%) and The Mauritius Commercial Bank Ltd (40%).

Information is obtained from different sources worldwide for the assessment and monitoring of our risk.

Meet the Team

Mr. Alexis Delamaire

Mr. Alexis Delamaire

General Manager

Alexis holds Bachelor degree in Accounting and Finance from Universite Montesquieu Bordeaux 4 and Master degree in Financial Management from IAE Bordeaux. He also completed an MBA from Universite Paris Dauphine.

Alexis has been working extensively in the financial sector the past 20 years both local and in Europe.

For several years, he has acquired experiences on credit risk management with, the number one credit insurer worldwide, Euler Hermes.

Last 10 years before moving to Mauritius, Alexis was the Chief Operating officer and risk manager of Bibby factor France.

Mr. Andy Chin Chew

Mr. Andy Chin Chew

Sales & Marketing Manager

Andy has been with Credit Guarantee Insurance Co. ltd since 2009 when the company was first established. In 2004, he completed his bachelor (Hons) in Economics and Finance at the University of Mauritius. As part of his continuous learning curve, he also completed an Executive Master in Marketing with Université Paris-Dauphine in 2016.

In his role as Sales and Marketing Manager, Andy continues to serve his current customers, build new customers and lead the team toward overall growth while working closely with different local and international financial institution in promoting both the product and the company. Having worked for different financial and non-financial institutions.

Andy is a great resource for our team and our customers and has a vast knowledge of credit insurance, general insurance, reinsurance and banking products.

Mr. Clifford L Appasamy

Mr. Clifford L Appasamy

Finance and Administration Manager

Clifford is a professional with more than 20 years working experience in the financial services industry. He is a Chartered Certified Accountant, holds a Masters’ Degree in Business Administration and is a Certified Accounting Technician.

Clifford started his career as an Accountant and Auditor before spending 12 years in the regulatory and supervisory environment as Senior Examiner, Chief Examiner and Manager of the Mauritian Non-Banking
Financial Services Regulator, the Financial Services Commission.

In 2016, Clifford joined CGI as Finance, Administration and Compliance Manager. Clifford is also actively involved in academia doing research in the field of earnings management, corporate governance and risk management.

Our reinsurers are solely European companies rated minimum A by A.M Best.

We have in place different level of reinsurance program to protect from any catastrophic losses.

We have also in place agreements with the top rated recovery firms in the world.

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