Compañía Española de Seguros de Crédito a la Exportación (CESCE) | Export Credit Agency (ECA) in Spain

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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.

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Compañía Española de Seguros de Crédito a la Exportación (CESCE) – Benefits of using an ECA in Spain

  • Risk Management
  • Insurance
  • Support for financing
What types of products and services does Compañía Española de Seguros de Crédito a la Exportación (CESCE) offer in Spain?

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.

  • Risk Management
  • Insurance
  • Support for financing
  • History of Compañía Española de Seguros de Crédito a la Exportación (CESCE)

    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%.

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    Key Stats

    Name:

    Compañía Española de Seguros de Crédito a la Exportación (CESCE)

    Spain:

    SPAIN

    Description:

    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.

    CEO Information:

    Fernando Salazar Palma
    Compañía Española de Seguros de Crédito a la Exportación (CESCE)
    CEO

    Founded:
    1970

    Employees:
    600

    Government:
    Government backing this type of ECA

    Company Number:
    Registration number here

    Address:

    CESCE, S.A.Calle Velázquez, no. 74 de Madrid (C.P. 28001)

    Last Annual Report:

    Compañía Española de Seguros de Crédito a la Exportación (CESCE), Spain – Annual Report (PDF) – 2017 – Download here
    Get in touch with our ECA finance experts. Enquire now.

    First Name*

    Last Name*

    Your Organisation*

    How much trade finance are you seeking?*

    Your Email*

    Telephone Number*

    Briefly, what type of stock or trade are you looking to finance?

    (Marketing Terms can be found here)

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