Atradius and Credito y Caucion, a provider of credit and surety insurances, have announced the completion of the transaction to combine their businesses.

The credit insurance companies will together operate as part of the Atradius Group, providing credit insurance, surety/bonding, collections, credit information and other related products and services to customers in 40 countries across the globe.

Paul-Henri Denieuil, chairman of the supervisory board of Atradius, said: This combination is something that both companies have envisaged since Credito y Caucion became an Atradius shareholder in 2003. Together, we look forward to leading the global credit insurance industry.

Jesus Serra, chairman of the board of Credito y Caucion added: We will now be able to capitalize on the combined strengths of both Credito y Caucion and Atradius to provide our customers with a more extensive breadth of coverage, specialized products that help them meet their specific insurance needs and first class service.