Joint Venture mellem Atradius og Tokio Marine

København, 24 Maj, 2006. Atradius og Tokio Marine går sammen om Joint Venture virksomhed i Japan

                                                                                                                              

Atradius Credit Insurance N.V. and Tokio Marine & Nichido Fire Co., Ltd. today announced the opening of a joint venture service company that will support both companies in the offering of export credit insurance to corporations in Japan.

 

The new company, which will be called Tokio Marine Nichido and Atradius Credit Management Co. Ltd., will be based in Tokyo, Japan and will be owned 50% by Atradius Credit Insurance N.V. and 50% by Tokio Marine & Nichido Fire Co., Ltd. Atradius and Tokio Marine & Nichido Fire have been working together to develop the export credit insurance market in Japan through a co-operation agreement since April 2005.

 

Wilfried Verstraete, CEO of Atradius commented, "This is a further step in our Asian growth strategy and an important increase of our presence in Japan in addition to our local branch office activities. Atradius has a great deal of expertise in and knowledge of export credit insurance as well as access to information on more than 45 million companies worldwide. Tokio Marine & Nichido Fire has an extensive distribution network and well-established reputation in the Japanese market. The combination of these assets creates a powerful platform on which we will together rapidly develop and grow our export credit insurance business in Japan."

 

The Joint Venture Company which is being staffed by a combination of Tokio Marine & Nichido Fire and Atradius employees will service export credit insurance policies issued to Japanese based companies by either Tokio Marine & Nichido Fire or Atradius. The Joint Venture Company has two executive directors, Mr. Junichi Sekiguchi (from Tokio Marine & Nichido Fire) as Chief Executive Officer and Mr. Bert van Haagen (from Atradius) who as Deputy Chief Executive Officer will manage the day to day business operations.

 

This new joint venture company will strengthen the operations in Japan of both Atradius and Tokio Marine & Nichido Fire.

 

About Atradius:

 

Atradius is one of the world’s largest credit insurers with total revenues of around € 1.2 billion and a world market share of 24 percent. Annually the company insures business valued at about € 350 billion against the risk of non-payment and offers a number of products varying from credit insurance to collections.

 

With 3,400 employees and more than 90 offices in 40 countries, Atradius has access to credit information on more than 45 million companies world-wide and makes 12,000 credit limit decisions every day. Atradius has an ‘A' rating from Standard & Poor's (outlook stable) and an ‘A2' rating from Moody's (outlook stable).

 

More information can be found at www.atradius.com

 

About Tokio Marine & Nichido Fire:

 

Tokio Marine & Nichido Fire Insurance Co., Ltd (TMNF) is Japan's largest non-life insurer.

 

Tokio Marine & Fire Insurance Co., Ltd merged with Nichido Fire & Marine Insurance Co., Ltd on October 1, 2004. Tokio Marine & Nichido Fire Insurance Co., Ltd is owned by Millea Holdings, Inc and rated "AA-" by Standard & Poor's (Financial Strength Ratings) and "Aa2" by Moody's (Financial Strength Ratings).

 

 

For yderligere information om Atradius kontakt:

 

Jørgen Lund Lavesen
Adm. direktør,
Direktør Holland & Norden
Tlf.: 33 26 50 00
E-mail: Denne emailadresse er beskyttet mod programmer som samler emailadresser. Du skal aktivere javascript for at kunne se adressen.

 

eller

 

Erik Skovgård Nielsen
Vicedirektør
Tlf.: 33 26 50 00
E-mail: Denne emailadresse er beskyttet mod programmer som samler emailadresser. Du skal aktivere javascript for at kunne se adressen.