Boost for Belgian risk managers as state extends credit guarantee

Carl Leeman, vice-president of Belrim and chief risk officer at Katoen Natie

Belgian risk managers will welcome news that its state-backed reinsurance programme created in April to maintain supply of credit insurance in light of Covid-19 has been extended until June 2021. Credendo, the state-owned Belgian export credit agency (ECA) that is now Europe’s fourth biggest credit insurance group, confirmed that the state programme will be extended until the summer to support…

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