Credit insurer Gerling is set to merge with Spanish insurers Credito Y Caucionin and Seuguros Catalana Occidentte in a move which could create the world's largest credit insurer.
Credito Y Caucion will invest a 7% stake in Gerling, which has renamed itself as Atradius.
The announcement comes as ratings agency Standard & Poor's affirmed its grade `A' on the core operating entities of the group.
Standard & Poor's credit analyst Jõrg Ritthaler said: "The affirmation follows today's announcement of the of the completion of the sale of Gerling NCM to various parties. Swiss Reinsurance Co now owns 47.5% and Deutsche Bank AG holds 35.32%."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
