Tesch re-elected President ICISA

Press release

Amsterdam 18 June 2015 - Andreas Tesch re-elected President of ICISA - Demand for trade credit insurance rose in 2014

The members of the International Credit Insurance & Surety Association (ICISA) re-elected Andreas Tesch, Chief Market Officer of Atradius N.V., to the position of President of ICISA for 2015 / 2016.

In 2014 trade credit premiums of ICISA members increased 2.95% while insured exposure grew 11.9%. (ICISA members account for 95% of trade credit insurance worldwide)

Mr. Tesch noted; “The drop in average premium rate demonstrates the fiercely competitive environment ICISA trade credit insurance members operate in. However members’ results continue to improve and exceed pre-crisis levels, with 34.6% higher premium income and 29.1% higher insured exposure.”

Tesch continued; “An increasing number of companies, including a growing number of SMEs, recognize the benefits of the product as more than an insurance product. It facilitates access to bank finance and provides them with business relevant market knowledge helping them avoid large losses.”

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 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.