trafigura.com
Why First Insurance Financing Will Collapse by 2027
First insurance financing is poised to collapse by 2027 because its reliance on single-source sovereign credit, fragile underwriting models, and escalating litigation risk creates an unsustainable foundation. The Trafigura-Saudi EXIM deal illustrates both the promise and the peril that could unravel the market. In 2024, Trafigura secured an $800 million