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IMS has established strong working relationships and access to all the major underwriters of trade credit insurance in Australia and overseas.
We engage with the senior management of each of the insurers on a regular basis and are always looking for ways to deliver better services and solutions for our clients.
Atradius is one of the world's leading credit insurers, with total income of more than 1.5 billion euros. Atradius insures trade receivables against non-payment and offers a wide range of credit management products and services, varying from tailor-made credit insurance and global solutions, to international debt collection and online services.
With 3,300 staff and a presence in 42 countries across the globe, Atradius has access to credit information on more than 60 million companies worldwide enabling the company to make around 20,000 trade credit limit decisions daily.
Atradius is just over 90% controlled by Grupo Catalana Occidente (GCO). GCO is the parent company of a group of insurance companies and is listed on both the Barcelona and Madrid stock exchanges. The remainder of Atradius’s shares are owned by INOC, SA, a majority shareholder of GCO.
Although, essentially, Spanish owned, Atradius is headquartered in Amsterdam in the Netherlands.
Coface is a subsidiary of Natixis whose share capital stood at 16.8 billion euros at the end of December 2010. Natixis is the corporate, investment and financial services arm of BPCE, the 2nd-largest banking group in France with 22% of total bank deposits and 37 million clients. Coface itself was founded as France’s official export credit agency in 1946 before being privatised and acquired by Natixis.
Coface reports 135,000 customers worldwide, served by 6,600 staff with a direct presence in 66 countries. It boasts 58 million rated companies in its database.
Euler Hermes is a French credit insurance company majority-owned by Allianz France which is in turn owned by Germany's Allianz SE.
They report to have 34% of the total credit insurance market with over 60,000 employees based in more than 50 countries making it, effectively, the world’s largest credit insurer. Euler Hermes is the result of the acquisition of Allianz's Hermes by AGF's Euler in 2002.
Euler Hermes reports 52,000 credit insurance clients worldwide and reports to handle 20,000 credit limit requests per day in their database of over 40 million companies. 633 billion euros in business transactions is said to be covered by Euler Hermes’ range of insurance policies.
QBE Insurance Group is an Australian based general insurance provider, providing insurance services mainly to the Asia Pacific region, but also America and Europe and is one of the top 25 global insurers and reinsurers as measured by net earned premium. It has offices in 49 countries with a staff of over 14,000.
One of the largest companies in Australia, QBE has market capitalisation of A$18.6 billion, and represents 2.22% of the ASX 200 index. The company reported a 2009 profit of A$1.970 billion.
QBE was listed on the Australian Stock Exchange in 1973 from the merger of Queensland Insurance, Bankers' and Traders' Insurance Company, and The Equitable Probate and General Insurance Co. and now has over 50 offices across the country, spanning each state and territory.