Merger of European credit insurance companies completed

Press release

Amsterdam, 30 December, 2016 - Atradius announced the completion of the merger of its two major European credit insurance carriers.

Atradius announced the completion of the merger of its two major European credit insurance companies Atradius Credit Insurance N.V. and Compañía Española de Seguros y Reaseguros de Crédito y Caución, S.A.U. into one single legal entity on 30 December 2016. This company has been renamed Atradius Crédito y Caución S.A. de Seguros y Reaseguros. The merger was approved by the Spanish Dirección General de Seguros (DGS) and De Nederlandsche Bank (DNB).

Atradius N.V. remains the Dutch holding company of the international credit insurance, bonding, reinsurance, debt collection and information services companies across the world. No changes are envisaged in the products or service or on the other Atradius subsidiaries. The company will continue to operate under the existing Atradius and Crédito y Caución trade names.

The new organisational structure will enable Atradius to reduce the complexities of having two European insurance carriers, different regulatory environments and dual governance frameworks, without impacting our successful business model or established brands. It will further improve the effectiveness of our value proposition of providing unrivalled customer service in the global Credit Insurance and Bonding markets.

Isidoro Unda, Atradius
Isidoro, Chairman and CEO
Atradius

About Atradius
Atradius provides trade credit insurance, surety and collections services worldwide through a strategic presence in 50 countries. Atradius has access to credit information on 200 million companies worldwide. Its credit insurance, bonding and collections products help protect companies throughout the world from payment risks associated with selling products and services on trade credit. Atradius forms part of Grupo Catalana Occidente (GCO.MC), one of the leading insurers in Spain and worldwide in credit insurance.

For further information
Atradius Corporate Communications
Christine Gerryn
Tel.: +31 20 553 2260
E-mail: christine.gerryn@atradius.com
atradius.com

Disclaimer

The statements made herein are provided solely for general informational purposes and should not be relied upon for any purpose. Please refer to the actual policy or the relevant product or services agreement for the governing terms. Nothing herein should be construed to create any right, obligation, advice or responsibility on the part of Atradius, including any obligation to conduct due diligence of buyers or on your behalf. If Atradius does conduct due diligence on any buyer it is for its own underwriting purposes and not for the benefit of the insured or any other person. Additionally, in no event shall Atradius and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental, or consequential damages arising out of the use of the statements made information herein.