International credit insurer NCM has merged two of its debt collection companies to create pan-European company NCM Eurocollect.

The Amsterdam-based group has merged UK and Irish debt collector NCM Collections with mainland Europe collector Eurocollect to enable its UK base to collect debts throughout Europe through the two companies' combined office networks.

NCM, whose majority shareholder is Swiss Re, insures more than £85bn worth of business worldwide against the risk of non-payment.

Next year NCM Eurocollect will launch its ledger management package in the UK.