Trade Credit Re announces the setting up of general agencies in France, Italy and Spain, hardly 4 months after the company’s official launch. 22 June 2005

The range of services offered by TCRe was, since its inception, already available in Belgium, Luxembourg, France and Italy via a network of brokers selected for their technical know-how, experience, professional ethics, and their ability to listen to the client.

Hardly 4 months after its official launch, Trade Credit Re has already been able to account for a turnover exceeding 15 million euros, and enjoys a positive market reaction in response to its original and exclusive offer, particularly in Italy and Spain.

The company has therefore decided to speed up its international expansion, under the form of General Agencies. The General agents will be local professionals in the field of insurance, reinsurance and/or the management of inter-company credits. They will be given continuous training and offered substantial support by the parent company. They will be responsible for providing the local insured and brokers with an efficient and high quality level of service, governed by strict underwriting and commercial guidelines and underpinned by cutting edge technology.

The CBFA has recently given its agreement for the nomination of a General Representative for France, who will be operational in September 2005.