Atradius Spreads Its Wings Into South Korea

PR65625

AMSTERDAM, Sep. 7, 2016 /PRNewswire=KYODO JBN/

     Atradius was recently awarded a license by the Korean Financial Supervisory

Service to operate in South Korea, which will enable Atradius Trade Insurance

Brokerage to receive proposals for export and domestic cover and service

existing and new Korean accounts. Atradius will issue these policies locally

with the support of the Seoul Guarantee Insurance Company (SGIC). This

development increases Atradius' Asian footprint, to 14 countries in total,

which are serviced through the various Asian branches and satellite offices.

     (Logo: http://photos.prnewswire.com/prnh/20150513/743985 )

    Matthew Cockerill, General Manager of the Hong Kong branch of Atradius

Credit Insurance N.V. and also responsible for the Korean and Taiwan markets,

commented, 'It has taken a long time for this development to come to fruition,

but I am pleased that we now have a physical presence in this important Asian

market. This will enable us to support both local and multinational companies

who wish to partner with Atradius in Korea.

    The issuance of the license highlights the increasing interest in trade

credit insurance in Korea, and at a time of high regional and global

uncertainty, further reflects the growing opportunities that will develop in

South Korea over the coming years.

    A recent visit to Korea by Atradius' Chief Market Officer, Andreas Tesch,

underlines the importance of this part of the world for Atradius, the second

largest credit insurer globally. Mr. Tesch, who recently met with potential

partners and existing global clients and viewed the new premises points out

that South Korea's economy is one of the most diversified and technologically

advanced in the world and is showing solid growth prospects. "Atradius will

support our clients by developing the Korean trade credit market. We are

looking forward to a long standing cooperation with Seoul Guarantee and expect

to contribute to the Korean economy during good and challenging economic times."

    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.

    http://www.atradius.com

SOURCE: Atradius N.V.