Compañía Española de Seguros de Crédito a la Exportación (CESCE) | Export Credit Agency (ECA) in Spain
CESCE is the head of a group of companies that offers integrated solutions for commercial credit management in part of Europe and Latin America. CESCE is also the Spanish Export Credit Agency (ECA) that manages the export credit insurance on behalf of the State in Spain.
The risk rating agency Standard & Poor’s raised in 2018 the long-term rating of CESCE to A-, from BBB +, with a stable outlook
The risk rating agency considers that CESCE has a strong financial profile, based on solvency capital that exceeds the AAA, and high results.
S & P’s affirms that its outlook is stable, with an expectation of adequate competitive positioning and a moderately strong forecast of capital and revenues for the next two years. In addition, the risk rating agency highlights CESCE’s position in the national credit and surety market.
A summary of Compañía Española de Seguros de Crédito a la Exportación (CESCE)
Summary video of Compañía Española de Seguros de Crédito a la Exportación (CESCE) and how it operates in Spain.Enhancing its role as a Spanish Export Credit Agency and leading the contribution of commercial credit and surety management solutions are part of CESCE’s objectives through its 2020 strategic plan. The company has focused its commitment on digitization, internationalization and support for SMEs. “We have detected a demand for services from our companies in geographical areas where the Spanish company is very strong,” said CESCE president Jaime García-Legaz. The commitment to small and medium enterprises is another key point “we can provide a high quality service to many companies that until now think that CESCE is a company that operates almost exclusively with the large Spanish company, it is not like that” García said. Legaz.
Compañía Española de Seguros de Crédito a la Exportación (CESCE) – Benefits of using an ECA in Spain
- Risk Management
- Support for financing
The coverages are specified in various types of insurance, depending on the characteristics of the operation, the risks to be covered and the insurance contractor.
CESCE , Spanish Company of Export Credit Insurance, is a commercial risk management company present in 9 countries. It is the 4th World Group and the 2nd in Spain in credit and in bonds. It has 140,000 customers, 1.13 million risk limits in force, 24 commercial offices, 100 agents and 1,462 employees. 3 Member of UNESPA , Berne Union , ICISA , ALASECE and APFPASA . In turn, it owns Informa , 4 company of financial and commercial information. 5
In another area, CESCE is the ECA ( Export Credit Agency ) in charge in Spain of managing the Export Credit Insurance on behalf of the State. 6
It is majority owned by the State and by the main banking groups and Spanish insurance companies. 7
Apart from Spain , France and Portugal , it is present in Brazil , Chile , Colombia , Mexico , Peru and Venezuela ; through CIAC, 8 of which is the main shareholder, with 63.12%.
Popular Export Products
Cars and Vehicles – One of the biggest exports globally, we’re experts in trading automobiles, working with car dealerships and fleet management services
Electronics – The circuit board, software and hardware markets have benefited huge growth as a result of consumer demand, find out about our electronics offering here
Soft Commodities / Grains – We’ll work with traders and producers to help them increase their trade flows in the jurisdications they’re operating in
CESCE is the head of a group of companies that offers integral solutions for commercial credit management in part of Europe and Latin America. CESCE is also the Spanish Export Credit Agency (ECA) that manages the export credit insurance on behalf of the State in Spain.
Government backing this type of ECA
Registration number here
Last Annual Report: