Atradius opens new office in Moscow

Press release

Amsterdam 8 april 2015 - Atradius opens new office in Moscow, Russia

Highlights:

  • Atradius announces opening of new office in Moscow
  • Russian businesses will now have access to broader line of Atradius products and services
  • Company will operate as Atradius Rus Credit Insurance LLC
  • AlfaStrakhovanie credit insurance business will be gradually transferred to Atradius

 

Isidoro Unda, CEO of Atradius commented, “Sustainable growth is on our agenda for 2015. Therefore we are happy to enhance our geographical footprint with a new Atradius office in Moscow. We believe that the Russian insurance market will offer us long-term growth opportunities and that we can deliver great value to Russian companies with our products and services.”

Atradius as a direct credit insurer – providing better service to Russian businesses
Customers in Russia will continue to be served by the same underwriting team and account managers and their current credit insurance contracts will not be changed. The insurance product will remain unchanged, with the same policy principles and the same content. At contract renewal, existing policies will be updated to more user friendly Atradius modular policies. For example, credit limit decisions, information letters and invoices will be generated and sent automatically to the insured customer in the future.

Atradius’ experience in Russia
Atradius has since 2007 underwritten credit insurance the credit insurance business of AlfaStrakhovanie PLC as a reinsurer since 2007. In 2008 Atradius Credit Management Services LLC was established. The opening of Atradius Rus Credit Insurance LLC follows the rapid growth in credit insurance applications since 2010; which have grown to over 1000 per month. It is aligned with the company’s close-to-customer and close-to-buyer approach to business. Atradius maintains a dedicated team of underwriters who cover the Russian market with experience and knowledge spanning general market conditions and specific industry and sectors.

Isidoro Unda summarizes, “We want to be first in class in Russia and will therefore strive to continuously improve our service and products under the Atradius Rus brand name.”

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 Rus Credit Insurance Limited Liability Company ООО «Атрадиус Рус Кредитное Страхование»
Taganskaya street, building 17-23 109147 Moscow Russia
Alexandrina Eliseeva, Country Manager
E-mail: alexandrina.eliseeva@atradius.com

Atradius Corporate Communications
Christine Gerryn
Tel.: +31 20 553 2047
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.