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
Managing Director
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. 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.
Mrs. Joshnabye Malloo
Buyer Underwriting, Claims & Recovery
Joshna joined Credit Guarantee Insurance Co. Ltd in 2017.
Outgoing, sociable, and ambitious with a natural aptitude and always keen to embrace new challenges, Joshna is a driver for proficiency and output.
She holds a Masters in Business Administration (MBA General) from Open University of Mauritius and completed Bachelor of Arts (Economics Special) at Savitribai Phule Pune University in India. Joshna also completed the Certified Risk Management Professional Course in 2021.
Joshna has more than 5 years’ experience in the financial services sector and is in charge of buyer risk underwriting, claims and recovery management at Credit Guarantee Insurance Co. Ltd.
Joshna is presently appointed as Money Laundering Reporting Officer of the Company
Ms. Tessa Mootoosawmy
Clients Underwriting & Risk Officer
Tessa joined CGI in 2017, after previously working for the hotel industry for more than 5 years.
Holder of a bachelor’s degree in International Tourism Management, great enthusiast of interrelationships, she enjoys working with people and building long-lasting partnerships and product loyalty.
Tessa is in charge of policyholders’ onboarding, customer relationship, portfolio management and related risk management matters.
She also acts as Deputy Money Laundering Reporting Officer and is the Risk Officer for CGI.
Mr. Bheesham Jugadoo
Junior Credit Risk Underwriter
Bheesham joined Credit Guarantee Insurance Co. Ltd in November 2020.
Bheesham holds a Bachelor degree in Economics with Management and is currently pursuing his Master degree in Business in Administration. He also completed certification in Business Valuation & Risk Assessment in 2021.
Having worked in different fields like teaching, finance, compliance and cybersecurity, he embarked at CGI to joined the risk underwriting team. He is a team player and always open for new challenges.
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.