Atradius has announced the expansion of its worldwide collection activities through the acquisition in the US of Chicago-based International Collections Incorporated, (ICI). ICI will use the trade name Atradius Collections.
The acquisition will enable the US arm of Atradius Group, the second largest credit insurer in the world, to provide seamless service for the entire receivables management process, from risk transfer and financing to full debt collection services, according to Neil Leary, president Atradius Trade Credit Insurance (US branch).
"This is a strategic acquisition," said Leary. "It fits in well with our core business of protecting customers against the risk of non-payment with domestic and export trade credit insurance".
ICI was an affiliate of the North American Specialty Insurance Company Inc., a subsidiary of Swiss Re America.
