Red Rock and Atradius form Canada partnership

Atradius news

Toronto, Ontario--(Newsfile Corp. - September 28, 2021) - Atradius CyC and Red Rock Insurance Services, Ltd have partnered in an effort to grow market share throughout Canada.

"This is a tremendous opportunity for Red Rock Insurance Services to be aligned with one of the premier global trade credit insurance providers committed to growing their market share in Canada while allowing us to maintain our entrepreneurial identity. We are excited by what we believe we can achieve together, and we look forward to working with Atradius CyC," said Peter Graham, president of Red Rock Insurance Services.

The partnership will allow Atradius and Red Rock to continue growing their local business alongside each other by offering their portfolio of products to a larger market in Canada. The arrangement will allow both companies to build out their competitive advantages and offer a higher capacity level across their services and a higher risk tolerance - driven by local expertise and existing scale, increased flexibility on wording considerations, as well as a potential hybrid product offering.

"This strategic partnership provides a welcome addition to Atradius' suite of product offerings. This unique and dynamic agreement will utilize the strengths of each organization to provide exceptional service to new and existing brokers and clients," said Chris Short, country manager for Canada at Atradius CyC.

--

About Red Rock

Red Rock Insurance Services Limited is a North American insurance specialist offering non-cancelable trade credit solutions. Founded in 2013, Red Rock has operated as a Managing General Agent offering insurance coverage backed by some of the world's largest insurance groups. Red Rock has built a reputation as a valuable long-term partner to its insureds, brokers, and insurance partners.

About Atradius

Atradius is a global provider of credit insurance, bonding and surety, collections and information services, with a strategic presence in over 50 countries. The products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit. Atradius is a member of Grupo Catalana Occidente (GCO.MC), one of the largest insurers in Spain and one of the largest credit insurers in the world. You can find more information online at https://atradius.ca.

For more information, contact:
Chris Short, Country Manager
Atradius CyC
chris.short@atradius.com
905-804-4225

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97831

Disclaimer

Each publication available on or from our websites, such as, but not limited to webpages, reports, articles, publications, tips and helpful content, trading briefs, infographics, videos (each a “Publication”) is provided for information purposes only and is not intended as a recommendation or advice as to particular transactions, investments or strategies in any way to any reader. Readers must make their own independent decisions, commercial or otherwise, regarding the information provided. While we have made every attempt to ensure that the information contained in any Publication has been obtained from reliable sources, Atradius is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in any Publication is provided ’as is’, with no guarantee of completeness, accuracy, timeliness or of the results obtained from its use, and without warranty of any kind, express or implied. In no event will Atradius, its related partnerships or corporations, or the partners, agents or employees thereof, be liable to you or anyone else for any decision made or action taken in reliance on the information in any Publication, or for any loss of opportunity, loss of profit, loss of production, loss of business or indirect losses, special or similar damages of any kind, even if advised of the possibility of such losses or damages.