UK Debt Collector Gerling NCM is Now Atradius

A global leader in credit insurance and credit management, GERLING NCM, has been renamed – with a new logo and new corporate identity – to express strongly its birth as a financially strong and robust company.

Today, GERLING NCM becomes Atradius, presenting a new face to the market from its own offices in more than 40 countries. It insures businesses worldwide against the risk of non-payment and has a total turnover of EUR 1.3 billion, giving it a 25 per cent market share of world credit insurance.

It sees itself as the leading credit insurer worldwide, providing a comprehensive range of risk transfer, financing and other trade receivables services including commercial debt collection, factoring and outsourced credit management.

The new look and feel is the visual symbol of a very strong company increasingly able to offer a seamless service as a result of integrations across the whole spectrum of its business operations – from common IT applications to a common platform for consistent underwriting.

Other measures, including an internal restructuring leading to the creation of a single European insurance carrier based in The Netherlands during 2004, will further strengthen and simplify the Group.

Atradius CEO Paul-Henri Denieuil, said: “This is not just a new name, but a new deal. New ownership, with strengthened capitalisation and management, has created a strong and innovative company. This will benefit all our customers, whatever their size and wherever they are.”

Country Director for UK and Ireland, Jon Lindsay, said: “For the United Kingdom and Ireland this gives us renewed momentum to position ourselves as a provider of credit management services, building on many decades of experience as a credit insurer. It allows us to position all our services as complementary to each other, providing solutions to the credit management issues of customers.”