CESCE Credit Insurance
CESCE was founded in 1970 to primarily operate in the field of export credit insurance for the account of the State , as an instrument to foster Spanish exports . After deregulation in 1990, CESCE started to actively compete for its own account on the open export credit and domestic credit insurance markets . The company is currently present in Spain, Portugal and Latin America (Brazil, Chile, Colombia, Mexico and Peru). CESCE specializes in the comprehensive management of commercial risk and integrates INFORMA D&B, S.A. (the financial and commercial information provider) and CTI, S.A. (the provider of IT services).
✓ Export Credit Insurance: Commercial and political cover for export markets and commercial cover for domestic markets; pre and post-shipment risks for both short-term and medium/longterm transactions.
✓ Investment Insurance: Conversion/transfer, war and civil war, breach of undertakings by host government, expropriation/ confiscation. Bonds and guarantees: unfair calling, fair calling of bonds, cover to banks, bonds/guarantees issued.
Founded: 1970
Ownership: CESCE is a limited company. 50.25% of its shares are held by the Spanish State, while the remainder is in the hands of Spain’s main banking and insurance groups, among which Santander, BBVA and Banco Sabadell.