In August 2003, the name Atradius was introduced through the rebranding of GERLING NCM, a global leader in credit insurance and credit management established in 2001 through the merger of the German credit insurance group Gerling-Konzern Speziale Kreditversicherung (Gerling Credit) and the Dutch credit insurer Nederlandsche Credietverzekering Maatschappij (NCM). This rebranding was completed on 5 January 2004.
Replacing the Gerling Group as shareholder was, at that time, a group of leading international financial institutions including Swiss Re and Deutsche Bank, Sal. Oppenheim, Seguros Catalana Occidente, a leading Spanish financial services company, and Crédito y Caución, the leading Spanish and fourth largest global credit insurer.
On January 25, 2008, Atradius again entered into a major business union teaming up with Crédito y Caución to further strengthen its position in global credit insurance markets.
Atradius - More than 85 years of experience
Atradius however was originally founded as NCM in the
The internationalization of business and trade throughout the latter half of the 20th Century was well suited for the business plans of NCM and Gerling Credit and they both prospered and grew rapidly along with the expansion of international trade. This internationalization drove consolidation in the credit insurance industry and both NCM and Gerling Credit were leading acquirers of credit insurance and collections companies. Crédito y Caución however built on its Spanish roots focusing on the markets of
The paths of NCM and Gerling Credit merged in 2001 creating GERLING NCM. Crédito y Caución became a part of the Atradius Group in 2008. Atradius now stands as one of the largest global credit insurance organizations in the world providing credit insurance and credit management products and services through 160 offices in 45 countries worldwide.
Atradius in the U.S.
What is today known as Atradius Trade Credit Insurance, Inc., the U.S. arm of Atradius Group, began in 1993, when NCM entered into its joint venture with Baltimore based Fidelity and Deposit Company of Maryland (wholly owned by the Zurich Financial Services Group). This enterprise, Maryland Netherlands Credit Insurance Company (MNCIC), was renamed NCM Americas in 1999 when NCM bought all of F&D's shares in the company.
In 2001, NCM merged with German-based Gerling Credit Insurance Group forming Gerling NCM.
Two years later, Gerling NCM became Atradius, and the U.S. company became Atradius Trade Credit Insurance, Inc. Atradius' U.S. operations are headquartered in Hunt Valley, Maryland.
Today, with a strengthened capitalization and management team, Atradius remains focused on its mission: To be the integrated credit insurer with the most effective and efficient global network, offering comprehensive risk transfer and financing solutions along the whole value chain of commercial trade transactions. The Atradius Group now has a prominent presence in all major European countries and North and Central America, and a favorable position in South American, Asian and Australian growth markets.