Peter Schmidt named to Management Board

Press release

Amsterdam, 16 July 2008 - Peter Schmidt of Swiss Re named to Atradius Management Board

Atradius today announced the appointment of Peter Schmidt to the position of Chief Market Officer responsible for credit insurance throughout continental Europe (excluding Spain and Portugal) and the units Bonding, Instalment Credit Protection, Dutch State Business and Atradius Re. He will assume this role on August 1, 2008.

Paul-Henri Denieuil, Chairman of the Atradius Supervisory Board commented: “Peter’s background in the credit and surety industry over the last three decades spans much of Europe. His breadth of experience, particularly in client relationship management, global business strategy and new business development, will ensure that we can effectively address the credit insurance and surety needs of our expansive European network and will assist us in further growing our business.” 
Peter Schmidt (47) has more than 22 years of business experience, 19 of which in the credit and surety business have been with Swiss Re were he currently holds the position of Managing Director – Head of Credit Solutions Client Markets. Mr Schmidt studied Business Management and Administration at theUniversity of St. Gallen in Switzerland.

Mr Schmidt will be based at the Atradius headquarters in Amsterdam, the Netherlands.

The Atradius Management Board consists of 6 persons:

  • Isidoro Unda, Chairman and Chief Executive Officer
  • Peter Ingenlath, Vice Chairman and Chief Risk Officer
  • Delfin Rueda, Chief Financial Officer
  • Tommie Sjödahl, Chief Market Officer
  • David Capdevila Chief Market Officer
  • Peter Schmidt, Chief Market Officer

About Atradius: 

The Atradius Group provides trade credit insurance, surety and collections services worldwide, and has a presence in 40 countries. Its products and services aim to reduce its customers’ exposure to buyers who fail to pay for the products and services customers purchase. With total revenues of approximately EUR 1.8 billion and a 31% share of the global trade credit insurance market, its products contribute to the growth of companies throughout the world by protecting them from payment risks associated with selling products and services on credit. With 160 offices, it has access to credit information on 52 million companies worldwide and makes more than 22,000 trade credit limit decisions daily.

Further information:

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.