Atradius

Atradius NV
legal form	Corporation
founding	; 1925 Nederlandsche Credietverzekering Maatschappij (NCM); 1929 Crédito y Caución; 1954 Gerling Group special credit insurance (GKS); 2001 GERLING NCM;
Seat	Amsterdam, Netherlands
management	David Capdevila ( Chief Executive Officer ), Andreas Tesch, Christian van Lint, Claus Gramlich-Eicher, Marc Henstridge
Number of employees	3,700
sales	EUR 1.898 billion (rewards and services)
Branch	Insurance
Website	www.atradius.de www.atradius.com
	Status: 2018

Atradius is the second largest credit insurance company in the world. The company's headquarters are in Amsterdam .

history

The company was created at the end of 2001 through the merger of the German credit insurance group Gerling Group Speziale Kreditversicherung (GKS) and the Dutch credit insurer Nederlandsche Credietverzekering Maatschappij (NCM). Initially, the company operated as Gerling NCM, until it was renamed Atradius on January 1, 2004.

In 1925, NCM was established as the world's first credit insurer to improve trading conditions for Dutch companies. In 1932 the NCM partnered with the Dutch government to provide export credit services to companies on their behalf. That relationship still exists today.

In Germany, Atradius' roots go back to GKS, which was founded in 1954 as a credit insurance subsidiary of the Gerling Group. GKS initially only ran its business from Germany until it opened its first international branch in Switzerland in 1962. The later internationally active Gerling Credit Insurance Group was the first private credit insurer to offer export credit insurance.

The Gerling Group's Atradius shares were taken over in 2003 by a group of international financial institutions: Swiss Re, Deutsche Bank , Sal. Oppenheim, Grupo Catalana Occidente , a leading Spanish financial services company, and Crédito y Caución.

On January 25, 2008, another major step in the company's development was the merger with Crédito y Caución in order to consolidate Atradius' position in the global credit insurance market.

In 2010 the Grupo Catalana Occidente took over the shares of Swiss Re , Deutsche Bank and Sal. Oppenheim and has been the main shareholder of the Atradius Group ever since.

On December 30, 2016, Atradius announced the completion of the merger of its two European credit insurance companies, Atradius Credit Insurance NV and Compañía Española de Seguros y Reaseguros de Crédito y Caución, SAU. The resulting company has been trading as Atradius Crédito y Caución SA de Seguros y Reaseguros since January 1, 2017.

The enterprise

Atradius provides credit insurance , guarantees and collections services in 240 markets around the world and has a strategic presence in more than 50 countries. Atradius is a member of the Grupo Catalana Occidente (GCO.MC). The products offered by Atradius protect companies worldwide from the risk of default when selling goods and services on credit. In 2018, revenues were EUR 1.9 billion. The global market share is 24% (Atradius accounts for 24% of global credit insurance premiums according to data compiled by the International Credit Insurance & Surety Association ICISA).

The rating agency AM Best rates the financial strength of Atradius with the rating "A (Excellent) outlook stable" (status: October 2018), the rating agency Moody's rated Atradius with "A2 outlook stable" (status: June 2018).

Corporate management

The board of directors of Atradius Kreditversicherung consists of five members who are responsible for the realization of the goals and strategy of Atradius as well as for the politics and the results of the company.

David Capdevila, Chief Executive Officer ( CEO )
Andreas Tesch, Chief Market Officer (CMO)
Christian van Lint, Chief Risk Officer ( CRO )
Claus Gramlich-Eicher, Chief Finance Officer ( CFO )
Marc Henstridge, Chief Insurance Operations Officer (CIOO)
Chief Representative Germany: Thomas Langen

Supervisory board

The Supervisory Board consists of ten members and is responsible for monitoring and steering the general affairs of Atradius and the policy of the Management Board. Like the Board of Management, it is based on the interests of Atradius and the companies associated with it.

Ignacio Álvarez (Chairman)
Francisco Arregui (Vice Chairman)
Xavier Freixes
Désirée van Gorp
Carlos Halpern
John Hourican
Bernd-Hinrich Meyer
Hugo Serra
José María Sunyer

Web links

Individual evidence

^ Moody's places Atradius' A3 IFS rating on review for upgrade . In: Moodys.com . December 13, 2017 ( moodys.com [accessed April 17, 2018]).
↑ ^a ^b ^c ^d ^e ^f Atradius history - more than 90 years of experience. Retrieved April 17, 2018 .
^ The organizational structure of Atradius | Atradius DE. Retrieved April 17, 2018 .
↑ Grupo Catalana Acquires 7% Stake in Atradius from Swiss Re. Retrieved April 2, 2019 .
↑ Atradius annual reports. Retrieved April 2, 2019 .
↑ Annual reports | Atradius credit insurance. Retrieved March 29, 2019 .
↑ AM Best rating for Atradius. Retrieved March 29, 2019 .
↑ Moody's ratings for Atradius. Retrieved March 29, 2019 .
↑ ^a ^b Management DE, Management Board and Supervisory Board | Atradius DE. Retrieved April 17, 2018 .

52.370755555556 4.8853333333333Coordinates: 52 ° 22 '14.7 " N , 4 ° 53' 7.2" E

[1] Moody's places Atradius' A3 IFS rating on review for upgrade . In: Moodys.com . December 13, 2017 ( moodys.com [accessed April 17, 2018]).

[:0-2] ↑ ^a ^b ^c ^d ^e ^f Atradius history - more than 90 years of experience. Retrieved April 17, 2018 .

[3] The organizational structure of Atradius | Atradius DE. Retrieved April 17, 2018 .

[4] Grupo Catalana Acquires 7% Stake in Atradius from Swiss Re. Retrieved April 2, 2019 .

[5] Atradius annual reports. Retrieved April 2, 2019 .

[6] Annual reports | Atradius credit insurance. Retrieved March 29, 2019 .

[7] AM Best rating for Atradius. Retrieved March 29, 2019 .

[8] Moody's ratings for Atradius. Retrieved March 29, 2019 .

[:1-9] Management DE, Management Board and Supervisory Board | Atradius DE. Retrieved April 17, 2018 .