CREDENDO
Present across the European continent and active in all segments of trade credit insurance, Credendo provides a range of products that cover risks worldwide: Belgian export credit agency services, whole turnover short-term credit insurance covering European and non-European risks, single risk, excess of loss, top up, surety and reinsurance. In 2016 Credendo insured international trade worth 80 billion euros and earned 370 million euros in premium income. Credendo is the fourth largest credit insurance group in Europe.
For more information, visit www.credendo.com
✓ Insurance products:
• Supplier, buyer credits and project finance insurance
• Unfair calling of bonds to be issued under the insured contracts
• Cover can be provided in all leading OECD currencies
Occasionally, non-OECD currencies are eligible for cover
• Investment insurance
✓ Other products:
• Guarantees
• Forfaiting
✓ Risks covered:
• Pre-shipment risks
• Non-payment risks
✓ Causes of loss covered:
• Political (and similar) risks
• Risks on private or public buyers/banks
✓ Amounts covered:
• Principal and interest amounts, including interests on arrears during waiting period. Credendo has a flexible attitude towards foreign content.
Founded: 1921