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Andreas Tesch re-elected President of ICISA

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 ... Read More »

European Risk Climate: Atradius Expects Insolvencies to Remain High

Atradius expects insolvencies to remain high despite improving economic growth Insolvencies in many European economies are expected to remain well above 2007 levels in 2014 and 2015 according to Atradius Credit Insurance N.V. Economic performances in the US, UK, and Asia are underpinning global growth. The US is experiencing a broad-based economic recovery. As a result, annual business failures in ... Read More »

ICISA President Tesch on Growth and Dialogue

Andreas Tesch, Chief Market Officer and member of the Atradius N.V. Management Board, was elected President of ICISA at the Annual Meeting in Hamburg last June. He is not a stranger to the Association as his past with ICISA goes back to 2001. In this interview he shares his views regarding the Association and his goals as President. Andreas Tesch ... Read More »

Majority of Very Late Payments Remain Uncollected in the Americas

More than half of the value of B2B receivables over 90 days past due were written off as uncollectable by businesses in Brazil, Canada, Mexico and the United States (the Americas). The September 2014 edition of the Atradius Payment Practice Barometer, a survey of B2B suppliers in Brazil, Canada, Mexico and the US, found that, on average, 38.4% of the ... Read More »

Andreas Tesch, the New President of ICISA Targets SME Sector

In an exclusive interview with Global Trade Review (GTR), the new International Credit Insurance & Surety Association (ICISA) president Andreas Tesch has singled out SME finance and stronger association links as key aims moving forwards. In his first interview as president of ICISA, Tesch spoke to GTR about the association’s goals and ambitions, and also his personal view of the industry, with ... Read More »

Credit Insurance: Trade Environment Improved, but Certain Risks Threat to Recovery

The members of the International Credit Insurance & Surety Association (ICISA) met in Hamburg for their 72nd Annual General Meeting to share and discuss market and industry developments. The economic environment continuous to improve, but it is acknowledged that there are still risks threatening the recovery, such as lack of adequate SME financing, continued high sovereign debt levels and political ... Read More »

FCIB Munich Conference:  Transparency Increasing but Risk Remains

FCIB hosted its annual International Credit & Risk Management Summit on May 11-13, offering global credit professionals a rich opportunity to hone their international risk management skills and build their professional networks.  From shifts in global economies to especially pertinent regulatory compliance issues to detailed contract negotiation practices, the event provided attendees with a master class in how to manage credit in ... Read More »

Gareth Dowding, Manager Information Procurement of Atradius Retires

BIIA has learned that Gareth Dowding, Manager of the Atradius Information Procurement Unit will retire at the end of the year.  Gareth was managing a team of information specialists based in the Netherlands and UK, who have various regional responsibilities, supporting the Atradius information strategy and requirements.  Thus Gareth is well known in the credit information industry. Gareth worked in ... Read More »

Country Risk Climate: Payment Practices Barometer for the Americas

BIIA member Atradius has just released its Payment Practices Barometer for the Americas:  Cash flow appears to be the biggest challenge for businesses this year. Businesses in the Americas express concern about maintaining adequate cash flow levels this year, and consider this one of the biggest challenges they will be facing. These opinions are consistent with those of businesses in ... Read More »

Country Risk Climate: Ireland – Investor’s Confidence has Recovered, but Doubts Remain

BIIA member Atradius has published a country risk report on Ireland: GDP will grow by more than 1% in 2013 after 0.5% in 2012, driven by net exports Public finances remain under strain Investors´ confidence has recovered, but doubts remain Overall business picture remains gloomy, but agri-food and chemicals perform well Overall, current rebound is heavily dependent on foreign demand. To read ... Read More »

S&P Downgrades Atradius Threatening the Lifeline for Trade Credit

S&P’s downgrade of Atradius has rattled the credit insurance industry this week.  S&P had downgraded Atradius from A to BBB.  The downgrade came as a result of a downgrade of Spain’s sovereign debt, because the main shareholder of Atradius is the Spanish based Grupo Catalana Occidente and thus subject to sovereign debt exposure.   S&P warns that if it has to ... Read More »

Global Risk Climate: Atradius Global Collections Review

Atradius published the latest results of its survey of global collections practices.  The review focuses on 27 countries, including all major global economies, it examines the collections behavior of companies and how they deal with their overdue invoice as well as what factors influences their selection of a collections external partner. This ‘Review’ also explores potential future developments regarding the ... Read More »

Country Risk Climate: Atradius Market Monitor Report for France, Germany, Mexico, Finland, Poland and Hungary

The latest Atradius Market Monitor Report focuses on the consumer durables and food industries in France, Germany and Mexico. We also look at the consumer durables industry in Finland, Poland and Hungary.  To read the full report click on the link below. Atradius Market Monitor: A monthly country snapshot by Atradius underwriters and economists with the issues that are currently ... Read More »

Atradius Extends Credit Insurance Offering in Asia on the Back of Robust Growth

Atradius, one of the leading global credit insurers, has extended its pan-Asian partnership with Tokio Marine Asia Pte Ltd (TM Asia), following a period of sustained growth in the region.   This partnership now enables Atradius to issue policies locally in Indonesia, Malaysia, Vietnam and the Philippines by TM Asia affiliated insurance companies. Within Asia, Atradius now offers credit insurance, either ... Read More »