July 24, 2014 2:59 PM ET

Insurance

Company Overview of Atradius N.V.

Company Overview

Atradius N.V., an integrated credit insurance company, provides credit insurance and management products and services for global/multinational companies, large companies, and small and medium sized enterprises primarily in Central and Eastern Europe, Asia, and the Americas. The company provides credit insurance that covers a range of risks of non-payment inherent in trade credit sales; local and international business debt collections; and special credit insurance products and services, including excess of loss cover, unfair calling of contractual bonds, single situation cover, cover for pre-payment of commodity supplies and manufactured goods, and bond/guarantee support. It also provides a ...

David Ricardostraat 1

Amsterdam,  1066 JS

Netherlands

Founded in 1925

Phone:

31 20 553 9111

Fax:

31 20 553 2811

Key Executives for Atradius N.V.

Chairman of Management Board and Chief Executive Officer
Age: 61
Chief Financial Officer and Member of Management Board
Age: 49
Chief Risk Officer and Member of Management Board
Age: 54
Chief Insurance Operations Officer and Member of Management Board
Age: 63
Commercial Head of Atradius' UK and Ireland Business
Compensation as of Fiscal Year 2014.

Atradius N.V. Key Developments

Atradius N.V. Reports Group Earnings Results for the Year 2013

Atradius N.V. reported group earnings results for the year 2013. For the year, the company reported total revenue of EUR 1,578.4 million resulting in net profit of EUR 134.5 million for its 2013 financial year; an increase of 18.4% compared to EUR 113.6 million in 2012. This was due largely to a significant improvement in claims expenses, with a major contribution from the Iberian region, where prudent risk management reduced claims, returning the business to a positive gross insurance result. Shareholder's equity continues to increase and is now close to EUR 1.3 billion. Profit before tax of EUR 173.8 million grew 14.8% in 2013.

Atradius N.V. Announces Executive Changes

Atradius N.V. announced that Claus Gramlich-Eicher of Allianz Investment Management SE has been named CFO and Dominique Charpentier CIOO of Atradius N.V. David Capdevila has left the company's Management Board to take a Management Board position with Grupo Catalana Occidente. As the company's CFO, Claus Gramlich-Eicher takes responsibility for Finance, Financial Control and Corporate Finance. He will be based in Amsterdam. Mr. Gramlich-Eicher has worked for Allianz since 1993 filling various senior financial roles. Dominique Charpentier, has been with the company since 2002. He will be responsible for Instalment Credit Protection, Bonding, Collections, Atradius Re and ITS. Over his 11 years with the company, Dominique has served as Managing Director of ICP, Bonding and Italy and before its sale in 2005 Atradius Factoring. Dominique will also be based in Amsterdam. After five years as the company's CMO, David Capdevila has moved on to a Management Board position at GCO and will continue as Chairman of Atradius Re.

Atradius N.V. Announces Earnings Results for the Year 2012

Atradius N.V. announced earnings results for the year 2012. For the period, the company reported profit before tax of EUR 156.2 million, on a 3% increase in revenue to EUR 1,601.6 million. Result for the year was EUR 117.3 million. Revenue growth particularly strong in Atradius' Global, Asia, Bonding and Collections businesses. Overall insurance revenue improvements were led by an increase in insurable sales by existing customers, but were also positively influenced by an increase in new business. Insurance revenue grew by at least 5% in most regions, but in Spain and Portugal a planned reduction in revenues had a very positive impact on operating results.

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