Export credit agencies

AM Best Affirms Credit Ratings of Atradius Seguros de Crédito, S.A.

Retrieved on: 
Friday, July 23, 2021
Professional services, Insurance, Finance, Export credit agencies, Atradius, Credit rating agencies, Actuarial science, Insurance, Service companies, Reinsurance, AM Best, Finance, Reinsurance companies

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • Atradius Mexicos reinsurance program is placed with Atradius Reinsurance Designated Activity Company, further demonstrating the support received by the group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Affirms Credit Ratings of Atradius N.V.’s Main Operating Subsidiaries

Retrieved on: 
Friday, July 23, 2021
Insurance, Professional services, Finance, Money, Export credit agencies, Atradius, Credit rating agencies, Economy, Enterprise risk management, AM Best, Credit rating

The ratings reflect Atradius balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.

Key Points: 
  • The ratings reflect Atradius balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
  • The ratings of ACyC, ARe, ATCI and Atradius Mexico consider their strategic importance to Atradius as its primary underwriting entities in the groups key markets around the world.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Atradius: 50% of all Asia B2B credit sales are overdue

Retrieved on: 
Wednesday, June 16, 2021
Export credit agencies, Business, Atradius, Articles, Days sales outstanding, Surety, Sales, Economy

AMSTERDAM, June 16, 2021 /PRNewswire/ -- According to the latest edition of the Atradius Payment Practices Barometer for Asia, 50% of all B2B credit sales in the region are overdue.

Key Points: 
  • AMSTERDAM, June 16, 2021 /PRNewswire/ -- According to the latest edition of the Atradius Payment Practices Barometer for Asia, 50% of all B2B credit sales in the region are overdue.
  • Around 40% of the survey respondents are pessimistic about the outlook for their Days Sales Outstanding (DSO), and 25% express concern over their liquidity levels as the pandemic continues across Asia.
  • 31% of respondents (with Hong Kong the highest at 37%) needed to pursue additional external financing to pay their own creditors.
  • Atradius is a global provider of credit insurance, surety and collection services, with a strategic presence in over 50 countries.

Atradius: 50% of all Asia B2B credit sales are overdue

Retrieved on: 
Wednesday, June 16, 2021
Export credit agencies, Business, Atradius, Articles, Days sales outstanding, Surety, Sales, Economy

AMSTERDAM, June 16, 2021 /PRNewswire/ -- According to the latest edition of the Atradius Payment Practices Barometer for Asia, 50% of all B2B credit sales in the region are overdue.

Key Points: 
  • AMSTERDAM, June 16, 2021 /PRNewswire/ -- According to the latest edition of the Atradius Payment Practices Barometer for Asia, 50% of all B2B credit sales in the region are overdue.
  • Around 40% of the survey respondents are pessimistic about the outlook for their Days Sales Outstanding (DSO), and 25% express concern over their liquidity levels as the pandemic continues across Asia.
  • 31% of respondents (with Hong Kong the highest at 37%) needed to pursue additional external financing to pay their own creditors.
  • Atradius is a global provider of credit insurance, surety and collection services, with a strategic presence in over 50 countries.

The impact of digitalisation on global trade debated in Atradius live virtual event

Retrieved on: 
Tuesday, April 27, 2021
Export credit agencies, Atradius, Innovation, Penn & Teller: Bullshit!, Insurance, Articles, American television series, Creative works

In the third of a popular series of four webinars "From crisis to opportunity: What\'s the future of trade?"

Key Points: 
  • In the third of a popular series of four webinars "From crisis to opportunity: What\'s the future of trade?"
  • leading credit insurer, Atradius, has drawn together a panel of experts to debate the major trends in digitalisation and the impact these may have on trade.
  • Areas the panel will discuss include how digitalisation is transforming business trade models, impacting customer relations and trust, and disrupting traditional approaches to credit management.
  • He interviewed a multitude of businesses for his most recent book, Non-Bullshit Innovations: Radical Ideas from the World\'s Smartest Minds.

The impact of digitalisation on global trade debated in Atradius live virtual event

Retrieved on: 
Tuesday, April 27, 2021
Export credit agencies, Atradius, Innovation, Penn & Teller: Bullshit!, Insurance, Articles, American television series, Creative works

In the third of a popular series of four webinars "From crisis to opportunity: What\'s the future of trade?"

Key Points: 
  • In the third of a popular series of four webinars "From crisis to opportunity: What\'s the future of trade?"
  • leading credit insurer, Atradius, has drawn together a panel of experts to debate the major trends in digitalisation and the impact these may have on trade.
  • Areas the panel will discuss include how digitalisation is transforming business trade models, impacting customer relations and trust, and disrupting traditional approaches to credit management.
  • He interviewed a multitude of businesses for his most recent book, Non-Bullshit Innovations: Radical Ideas from the World\'s Smartest Minds.

Atradius anticipates 26% increase in global bankruptcies this year

Retrieved on: 
Thursday, March 25, 2021
Export credit agencies, Atradius, Finance, Bankruptcy, Economy

Despite the rollout of vaccines and positive growth figures, we expect a 26% increase in bankruptcies at global level in 2021.

Key Points: 
  • Despite the rollout of vaccines and positive growth figures, we expect a 26% increase in bankruptcies at global level in 2021.
  • An increase is expected in all major regions and countries reviewed, except for Turkey, where bankruptcies were already on the rise in 2020.
  • Spain and the Netherlands are among the countries forecast to experience the largest increase in bankruptcies, taking together the forecast of 2020 and 2021.
  • Atradius is a global provider of credit insurance, surety and collections services, with a strategic presence in over 50 countries.

Atradius anticipates 26% increase in global bankruptcies this year

Retrieved on: 
Thursday, March 25, 2021
Export credit agencies, Atradius, Finance, Bankruptcy, Economy

Despite the rollout of vaccines and positive growth figures, we expect a 26% increase in bankruptcies at global level in 2021.

Key Points: 
  • Despite the rollout of vaccines and positive growth figures, we expect a 26% increase in bankruptcies at global level in 2021.
  • An increase is expected in all major regions and countries reviewed, except for Turkey, where bankruptcies were already on the rise in 2020.
  • Spain and the Netherlands are among the countries forecast to experience the largest increase in bankruptcies, taking together the forecast of 2020 and 2021.
  • Atradius is a global provider of credit insurance, surety and collections services, with a strategic presence in over 50 countries.

Man Sentenced for Role in Scheme to Defraud the Export-Import Bank of the United States

Retrieved on: 
Monday, March 15, 2021
Export credit agencies, Export–Import Bank of the United States, Exim Bank, Office of Inspector General, Government, Companies, United States

WASHINGTON, March 15, 2021 /PRNewswire/ --As a result of the efforts of the Office of Inspector General (OIG) for the Export-Import Bank of the United States (EXIM), in coordination with the Miami-Dade State Attorney's Office, a Florida business owner was sentenced to 36 months' probation and ordered to pay over $140,000 for his role in a scheme to defraud EXIM.

Key Points: 
  • WASHINGTON, March 15, 2021 /PRNewswire/ --As a result of the efforts of the Office of Inspector General (OIG) for the Export-Import Bank of the United States (EXIM), in coordination with the Miami-Dade State Attorney's Office, a Florida business owner was sentenced to 36 months' probation and ordered to pay over $140,000 for his role in a scheme to defraud EXIM.
  • On or about April 28, 2016, Romel Ramon Duran-Martinez (Duran), 59, owner of Miami-based Deoca Manufacturing Co. (Deoca),falsely certified that the buyer in an EXIM-insured transaction failed to make payment on a sale to Deoca.
  • EXIM paid $142,472 for the fraudulent claim although Deoca had received full payment for the transaction.To conceal this fraud, Duran directed individuals to lie and otherwise deal with EXIM in bad faith, which delayed the discovery of the fraud.
  • This case was prosecuted by the Economic Crimes Division of the Miami-Dade State Attorney's Office.The case was investigated by EXIM OIG in Washington, D.C.
    EXIM is the official export credit agency of the United States and assists in financing the export of U.S. goods and services to international markets.

Atradius publishes whitepaper and video following success of webcast on the future of global trade

Retrieved on: 
Wednesday, March 3, 2021
Export credit agencies, Atradius, Surety, Insurance

AMSTERDAM, March 3, 2021 /PRNewswire/ -- Following the success of the first event in the series 'From crisis to opportunity: what is the future of trade?'

Key Points: 
  • AMSTERDAM, March 3, 2021 /PRNewswire/ -- Following the success of the first event in the series 'From crisis to opportunity: what is the future of trade?'
  • theglobal provider of credit insurance, bonding and surety, collections and information services, Atradius, has published a white paper and video of the event.
  • Titled, 'How Covid-19 changed global trade forever' both the paper and summary video can be accessed via the Atradius website .
  • An audience of almost 3,000 people including brokers, agents, customers, Atradius staff and others watched the interactive event live.