Rapid expansion in Europe in 2006 for the innovative approach of TCRe. February 2007

The innovative approach of TCRe, which consists of offering tailor made formulas of protection for B2B credit risks whilst preserving the insureds' management autonomy, has definitely gained the market's confidence, as is shown by the company's rapid European expansion in 2006.

In a mature European credit insurance market, where "made-to-measure quality" is sought rather than "cheap ready-to-wear", a growing number of top flight European companies have placed their confidence in the specialists at TCRe in order to provide themselves with credit risk cover which is truly tailored to their "measure".

TCRe's global turnover rose from € 32 million to € 41.5 million.
 
The company's portfolio of Excess Loss policies grew from € 8 million to € 15 million.
TCRe ended 2006 with an underwriting surplus of  € 2.7 million, an almost fourfold increase over 2005.

TCRe is registered on the security list of the largest global brokers.
 
During the course of 2006, TCRe created TCRe², a reinsurance company based in Luxemburg, in order to support its technical underwriting capacity as well as its research and development. TCRe² broke even at the end of its first operating period.

Today, TCRe is present in 7 countries : Belgium, Luxemburg, Italy, France, Spain, Germany and Holland, and operates in the entire OECD market with growing success.