Atradius N.V. (Atradius) and The Tokio Marine & Nichido Fire Insurance Co., Ltd (TMNF) announced their intention to engage in a joint exclusive co-operation to develop export credit insurance business in Japan. Both commercial and political risk for export transactions will be offered to companies located in Japan from today.
This co-operation will enable both Atradius and TMNF to offer a broad range of services to customers as a result of the recently announced liberalisation of the Japanese export credit insurance market. Business development will be built upon the extensive network of TMNF as the leading non-life insurer in Japan and the experience and competence developed by Atradius in its worldwide operations.
Atradius and TMNF aim to extend their close business relationship by establishing a joint venture service company in Japan by year-end 2005.
