Atradius

Infobox Company
company_name = Atradius N.V.
company_
company_type = Naamloze Vennootschap
foundation = flagicon|Netherlands 1925 Nederlandsche Credietverzekering Maatschappij (NCM), flagicon|GER 1954 Gerling-Konzern Speziale Kreditversicherung (GKS)
location_city = flagicon|Netherlands Amsterdam
location_country = Netherlands, The
key_people = Isidoro Unda, Chairman and Chief Executive Officer (2008)
area_served = Europe, Middle East, Asia, Africa, Americas, Oceania
industry = Insurance
products = Credit Insurance, Export Credit Insurance, Bonding, Instalment Credit Protection (ICP), Reinsurance Business, Collections
revenue = € 1,4 billion (2007)
net_income = profit € 164.2 million (2007)
num_employees = 3,900 FTEs
divisions = Atradius Collections Holding B.V. (NL), Atradius Credit Insurance Agency, Inc (USA), Atradius Insurance Holding N.V. (NL), Atradius Finance B.V. (NL), Atradius Participations Holding B.V. (NL)
owner = flagicon|SpainCrédito y Caución (64.2%), Swiss Re (25%), flagicon|GERDeutsche Bank (9.1%), flagicon|GERSal. Oppenheim (1.7%) (2008)
homepage = [http://www.atradius.com/ www.atradius.com]

Atradius is a Credit Insurance company. With headquarters in Amsterdam, they are the second largest Credit Insurer (by marketshare) worldwide [cite web
url = http://www.reuters.com/article/bankingfinancial-SP/idUSWEA658520071109
title = Credit insurer Euler Hermes Q3 net profit up 92 pct
accessdate = 2007-11-30
author = Sudip Kar-Gupta
date = 2007-11-09
work = Business > Banking & Financial > Article
publisher = Reuters
doi = idUSWEA658520071109
quote = Euler Hermes has a 35.8 percent share of its market. The world's second biggest credit insurer by market share is Atradius of the Netherlands while the third biggest is France's Coface. ] , with an annual turnover of €1.8 billion and a global market share of 31%. cite web
url = http://global.atradius.com/corporate/aboutus/credentials.html
title = Key Facts and Figures
accessdate = 2007-11-29
author = Atradius
date = 2007
format = html
work = Atradius Website
publisher = Atradius
language = english]

History

Atradius was introduced through the rebranding of Gerling NCM, which was formed by the merger of the international credit insurers NCM and Gerling Kreditversicherung (Gerling Credit Insurance Group) in late 2001. The company was renamed Atradius in January 2004.

Both companies were long-established in the international credit insurance industry. NCM was market leader in the Netherlands credit insurance industry since it was founded in 1925 and a partner of the Netherlands government since 1932, providing Export Credit Insurance to Dutch companies. The Gerling Credit Insurance Group was established in 1954 by the family-owned company Gerling.

Crédito y Caución became a part of the Atradius Group in 2008. Atradius now stands as one of the largest global credit insurance organisations in the world providing credit insurance and credit management products and services from more than 160 offices in 40 countries worldwide. cite web
url = http://global.atradius.com/corporate/aboutus/history.html

title = History
accessdate = 2007-11-29
author = Atradius
date = 2007
format = html
work = Atradius Website
publisher = Atradius]

Products

Atradius offers Insurance related products such as Credit Insurance, Bonding, Instalment Credit Protection (ICP), Reinsurance Business, Export Credit Insurance on behalf of the Dutch State and services like Collections and Business Information Services.

Shareholders

* Grupo CyCGrupo Companía Española de Crédito y Caución, S.L., Madrid ( Spain) The most important shareholder of which is Grupo Catalana Occidente, S.A.

* Swiss ReSchweizerische Rückversicherungs-Gesellschaft, Zurich (Switzerland)

* Deutsche BankDeutsche Bank AG, Frankfurt (Germany)

* Sal. OppenheimBetrados B.V., a subsidiary of Sal. Oppenheim jr. & Cie. KGaA, Cologne (Germany).

Management

The executive board, a distinct entity from the board of directors, includes:
* Isidoro Unda, Chairman & CEO
* Dr. Peter Ingenlath , Vice Chairman & CRO
* Delfin Rueda, CFO
* Tommie Sjödahl, Chief Market Officer "(Responsible for Credit Insurance in the US, Canada, Mexico, Asia Pacific, the UK and Ireland, Global, Special Products and Collections.)"
* David Capdevila, Chief Market Officer "(Responsible for Credit Insurance in Spain, Portugal and Brazil.)"
* Peter Schmidt, Chief Market Officer "(Responsible for Credit Insurance in Continental Europe (excluding Spain and Portugal), Bonding, Instalment Credit Protection, Dutch State Business and Atradius Re.)"

Operations

Atradius insures approximately EUR 465 billion of world trade annually. With 3,900 staff and more than 160 offices in 40 countries, Atradius has access to credit information on 52 million companies world-wide and makes more than 22,000 credit limit decisions daily.

Atradius has received financial strength ratings of "A" by Standard & Poors cite web
url = http://www2.standardandpoors.com/portal/site/sp/en/eu/page.topic/ratings_fs_ins/2,1,5,0,0,0,0,0,0,0,4,0,23,0,0,0.html
title = CREDIT OPINION: Standard & Poor's - Ratings Insurance
accessdate = 2007-11-29
author = Standard & Poor's
date = 2007-11-05
format = html
work = Standard & Poor's Ratings
publisher = Standard & Poor's
pages =
quote = Atradius Credit Insurance N.V. A/Stable/A-1 ICR ] and "A2" by Moody's cite web
url = http://www.moodys.com
title = CREDIT OPINION: Atradius Credit Insurance NV
accessdate = 2007-11-29
author = moody's
date = 2007-10-12
format = asp
work = Moody's Credit Opinion
publisher = moody's
doi = 2006200000424214
quote = Atradius Credit Insurance NV Moody's A2 insurance financial strength rating for Atradius Credit Insurance NV (ACINV, the main European insurance carrier), Atradius Trade Credit Insurance Inc. (the US carrier) and Atradius Re Ltd. (the reinsurance carrier of the group), reflect the core position of these units within the group as well as their strong competitive position in their respective credit insurance markets.] .

ee also

*Credit insurance
*Trade Credit Insurance
* Collections

References

External links

* [http://global.atradius.com/ Atradius]