COSEC - Companhia de Seguro de Créditos, SA began operating in 1969, as a limited company with the State as its major shareholder. Since November 1992, COSEC has been a private company and its shares helded by one of the largest banks in the Portuguese financial sector and the world leader company of the credit insurance market.

COSEC is the leading Insurer in Portugal for credit and bond insurance, offering credit control solutions both for internal and external markets, and is also responsible, for account and by order of the Portuguese State, for covering and managing credit and investment in political risk countries.

✓ Export credit insurance: Export credit insurance short-term cover: commercial and political risks, pre-shipment and credit cover.
✓ Medium/long-term cover: Supplier and buyer credit facilities, lines of credit and project finance cover.
✓ Investment Insurance: Covers offered: expropriation/ confiscation cover, conversion/transfer cover, war and civil war cover, breach of contract by the host government cover.
✓ Bonds and guarantees: Covers offered: bid bond performance bond, retention bond, advance payment bond, customs and tax authorities bonds, bonds/guarantees issued.

1969 - COSEC is created on the 29 of December, mainly with public capital

1975 - COSEC is nationalized

1992 - COSEC's Privatization (100%)

1996 - BPI Bank becomes major shareholder

2007 - Euler Hermes becomes shareholder of COSEC, together with BPI Bank, each one owning 50% of COSEC’s share capital

2014 - COSEC presents a new brand image