Andreas Tesch appointed Director Atradius Global

Amsterdam, Tuesday, 27 March, 2007. Andreas Tesch has been appointed Director Atradius Global and New Markets. He will assume all responsibilities for Atradius’ global credit insurance portfolio which has achieved a 16% compound annual growth rate over the last three years.

Mr Tesch (37) joined Atradius in 2001 as Director Corporate Development. In 2004 he was appointed Director Risk Services Central and Eastern Europe. Andreas Tesch commented; "Atradius’ Global concept has evolved into a truly dynamic way of approaching the challenges that face businesses with operations spanning multiple countries and continents. We have created a platform that effectively addresses the unique needs of these corporations to streamline and simplify sometimes very complex risk management structures while improving service, the quality of information they receive and the breadth of coverage.”

Tommie Sjödahl becomes Director Global Business Development
Tommie Sjödahl led the growth of Atradius Global as a team member since its creation ten years ago and as Director since 1999. In his new role, Mr Sjödahl will lead Atradius’ expansion efforts into new markets. Expansion into new markets is one of the key growth objectives of the Company in providing its customers with credit insurance support and solutions wherever those customers do business.

Sjödahl (56) joined Atradius in 1992 as the Managing Director of NCM Kreditförsäkring AB, Sweden. In 1997 he became the Regional Business Unit Director of the Global Business Unit in Amsterdam.

Sjödahl commented; “While the initial growth of the Atradius Global unit centred on business in major developed markets, the need to more aggressively develop new markets has emerged as an essential element to success both of our Global business and our other Commercial activities. Over the past years we have stepped up our business development activities. Over the last 12 months we’ve opened new offices in China, Hong Kong, Singapore and Brazil, we’ve begun the process of opening an office in Turkey and we’ve strengthened business relationships and partnerships in these and other markets. Further strengthening our global presence will continue to drive the future success of Atradius.”

Tesch concluded; “Atradius operates on the concept that Global organisations can benefit from the efficiency of one central point of contact with consistent product information across all markets covered by Atradius. This is supported with the utility of having, where required and possible, local service where they do business. We continue to see tremendous opportunities to improve risk management for global organisations throughout the world and will continue to expand our service capabilities to deliver the highest quality product and service offerings wherever our customers are doing business.”

About Atradius:
Atradius is a leading credit insurer with total revenues of around EUR 1.3 billion and a 24% share of the world credit insurance market. It is “A” rated by Standard & Poor’s (outlook stable) and A2 by Moody’s (outlook stable).

For further information:
John Blackwell
Phone: +31 20 553 2003
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