GERLING NCM, a global leader in credit management and receivables, looks forward to a better outlook as an independent company. Its new owners, Swiss Re and Deutsche Bank, which are recapitalising the company, support independent growth now that a triple challenge on the economy, ownership and merger has been successfully addressed.
That was reaffirmed today by Bernd Meyer, Chief Executive Officer of GERLING NCM, which ranks number two in the world credit insurance market with a 25% market share. It has total revenues of Ђ1.3 billion and protects trade worth around Ђ350 billion.
On the publication today of GERLING NCM’s Annual Report and Results for 2002, he said: “The very successful integration of the former Gerling Credit Insurance Group and NCM as well as the new shareholder structure provides a strong springboard for our take-off as an independent company with a much better outlook.”
