Atradius, the Dutch export credit agency, and US-Ex-Im Bank have signed a bilateral framework reinsurance agreement, thus facilitating export transactions sourced from both countries. Atradius is the first non-G7 member with which US-Exim has signed a bilateral reinsurance agreement.

Philips Medical Systems, a Dutch-based company with subsidiaries both in the Netherlands and the US will immediately make use of this facility for two transactions: one where Atradius is in the lead with reinsurance from US-Ex-Im, and one where US-Ex-Im is in the lead with reinsurance from Atradius.

Atradius has now signed framework reinsurance agreements with ECAs from more than 20 countries.