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, France and Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela). 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.