The Atradius Group, a provider of trade credit insurance, surety, and collections services, has appointed Peter Schmidt as its chief market officer responsible for credit insurance throughout continental Europe excluding Spain and Portugal, and the units bonding, installment credit protection, Dutch state business and Atradius Re.

Mr Schmidt will assume this role on August 1, 2008. He will be based at the Atradius headquarters in Amsterdam, Netherlands.

Mr Schmidt has more than 22 years of business experience, 19 of which in the credit and surety business have been with Swiss Re where he currently holds the position of managing director and head of credit solutions client markets. He studied business management and administration at the University of St Gallen in Switzerland.

Paul-Henri Denieuil, chairman of the supervisory board with Atradius, said: Peter’s background in the credit and surety industry over the last three decades spans much of Europe. His breadth of experience, particularly in client relationship management, global business strategy and new business development, will ensure that we can effectively address the credit insurance and surety needs of our expansive European network and will assist us in further growing our business.