Amsterdam, Tuesday, 22 August, 2006 - Atradius to advise and support China Continent Property & Casualty Insurance on domestic credit insurance offering in China - Atradius Credit Insurance N.V. and China Continent Property & Casualty Insurance Co Ltd. (CCIC) today formally announced the signing of a Co-operation Agreement in China. Under the co-operation, domestic credit insurance will be offered in China by CCIC to local Chinese companies as well as to existing Atradius customers with operations in Mainland China.

Wilfried Verstraete, CEO of Atradius, commented “This co-operation reinforces our growth strategy for Asia. CCIC’s desire to expand its offering to include domestic credit insurance and Atradius’ desire to offer our clients a domestic credit insurance solution in China perfectly complement each other. This strategic partnership between Atradius and CCIC enables us both to fulfil these goals by jointly improving the services available to businesses operating in China.”

Over the past few months, project teams from both parties have worked closely together to accomplish this milestone. Atradius will be providing technical support and know-how to CCIC to enable them to issue and manage credit insurance policies to companies domiciled in China for domestic business. As a result of this collaborative effort, the first policy under this co-operation has already been written.

Jiang Meng, President of CCIC said: “Through working with Atradius, CCIC will achieve greater success in exploiting the credit insurance field. The cooperation will provide a good platform for CCIC to foster its high-quality technical staff. CCIC shall intensify cooperation with Atradius to provide its clients best protection and services. It is hoped that both parties will enjoy a win-win position through successful cooperation.”

Notes to Editors

About Atradius

China Continent is the 6th largest insurance company in China. Its headquarters are in Shanghai with 29 branches across the main provinces and cities, with 110 sub branches thus providing national coverage within China. China Re is its majority shareholder with 60%.

More information can be found at www.ccic-net.com.cn

Further information:

Atradius Shanghai
Martin Jones
Tel.: +86 (21) 6467 3149
Mobile: +86 - 130 2323 8652
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Corporate Communications
Joanne Aaron 
Tel.: +44 (0)29 2082 4873
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www.atradius.co.uk