The changes in the ownership of Gerling NCM Credit and Finance, a part of Germany’s Gerling Group, will help Clal Credit Insurance expand its overseas business, said Uri Levy, Clal Credit Insurance’s general manager. Gerling NCM owns 20% of Clal Credit Insurance.
Levy said, “The change in Gerling’s ownership will leverage the whole group’s business. Swiss Re and Deutsche Bank have an extensive global presence and strong financial backing. The deal will help Gerling and us to expand our business in Israel. Clal Credit Insurance will also enjoy access to information databases and businesses across the world.
“We will now be able to offer Israeli exporters more extensive and comprehensive insurance for their exports.”
