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Catching up with our Belgian Partner : Vanbreda Credinco

  |   Networks News

Vanbreda Credinco is a leading insurance broker in Belgium

 

Jean Guinée, the director of Vanbreda Credinco, tells us more about his company :

Vanbreda Credinco is an independent broker specialized in credit insurance, factoring and bonding. In 2017, we will reach a turnover of € 3 Mio for  € 23 Mio premiums with 6 people. We are n°2 credit insurance broker in Belgium, after the joint venture between Marsh and Trade Insure. AON is approximately at the same level.

 

Business growth

 

In 2013 we started working together with the former CEO of BNP Paribas Fortis commercial finance. Today our factoring income reaches 4% of our total income. Next to it, we also notice an increase in interest in top-up policies and single risks. We have excellent contacts with Equinox and Mercury to place these kind of risks and we excel in tailoring the coverage to the exact client needs.

 

As an example, together with Mercury we found a solution for one of our customers who was looking for cover on the ‘Blokker’ Group while the 3 traditional credit insurers could not provide a solution for our customer. Mercury on the other hand offered cover on this buyer for 1 year, on non-cancellable basis. As another exemple, a large Dutch petroleum company launched a request for proposal in 2016 to appoint a new broker and chose us thanks to our tailored co-insurance program between Equinox and EHWA.

 

Newcomers at Vanbreda Credinco

 

At the beginning of this year Adam Brisé left our company and Jan Vertenten joined our team as Account Manager. Jan makes the transition from Atradius.