{"id":18251,"date":"2025-07-01T07:09:18","date_gmt":"2025-07-01T07:09:18","guid":{"rendered":"https:\/\/swmcommunications.co.za\/press-office\/?p=18251"},"modified":"2025-07-01T12:34:44","modified_gmt":"2025-07-01T12:34:44","slug":"credeq-launches-unlocking-the-credit-africa-needs","status":"publish","type":"post","link":"https:\/\/swmcommunications.co.za\/press-office\/credeq-launches-unlocking-the-credit-africa-needs\/","title":{"rendered":"New Underwriting Management Agency for SA | Credeq launches, unlocking the credit Africa needs"},"content":{"rendered":"

Credeq launches, unlocking the credit Africa needs <\/strong><\/p>\n

Johannesburg, South Africa \u2013 1 July 2025<\/em><\/strong>: Credeq Africa today announced its official launch as an independent Underwriting Management Agency (UMA) in the local market, marking a strategic evolution from its roots within Lombard Insurance\u2019s Guarantee and Trade Credit division. This milestone positions the company to deliver faster, more flexible specialist guarantees and credit insurance to the construction, mining, trade, and other bespoke risk sectors.<\/p>\n

Led by Managing Director Helgaard M<\/strong>\u00fc<\/strong>ller<\/strong>, Credeq Africa is more than a structural shift – it is the local cornerstone of a global group of specialist insurers operating under the Credeq brand in the UK, Europe, Australia, and beyond. Donny Gouveia<\/strong>, Credeq Global CEO, explains: \u201cWe are creating a business designed for today\u2019s needs \u2013 globally connected, locally empowered, and built on deep expertise and agility.\u201d<\/p>\n

According to M\u00fcller, the move to an independent UMA allows the company to do more than streamline operations, it unlocks credit innovation. \u201cThis structure gives us the freedom to develop new products for a rapidly changing economy – from mining prepayment guarantees to complex cross-border logistics solutions. We are able to act faster, collaborate better, and tailor more precisely to the risks our clients are facing.\u201d<\/p>\n

Credeq Africa enjoys the best of both worlds, drawing on the legacy of Lombard\u2019s respected guarantee operations while operating independently under its own UMA structure. Established in South Africa in 1990, Lombard continues as the license holder – bringing continuity, regulatory strength, and reputational trust, with all underwriting and administration now handled by Credeq Africa.<\/p>\n

\u201cThis continuity matters. Our clients value long-term partnerships, not transactional wins,\u201d said M\u00fcller. \u201cThat\u2019s why many of the faces they know [from Lombard] have become part of the Credeq service experience. It\u2019s a change in name and structure – not in values.\u201d<\/p>\n

Credeq launches with four specialist divisions: Construction Guarantees, Mining\u00a0 Guarantees, Trade Guarantees (including fuel and logistics), and Trade Credit solutions.<\/p>\n

With one of the largest teams of specialists in the South African market, Credeq can deliver tailored solutions faster. \u201cOur team of nearly 100 specialists dwarfs the competition. It\u2019s about speed, expertise, and understanding the unique challenges of each sector. That allows our people to truly understand their industries, not just the financials, but the risks on the ground. It\u2019s what enables us to move fast and stay accurate,\u201d he adds.<\/p>\n

For brokers, the launch signals a deeper partnership model. \u201cWe are deliberately doubling down on broker relationships. Our job is to support them, not compete with them.\u201d<\/p>\n

A huge advantage of the Credeq Group structure is the global reach. South African teams now have access to global markets, tools, and underwriting capacity. \u201cIf a local mining client expands into Australia or Europe, we don\u2019t need to hand them over to another provider, we can walk with them. That\u2019s powerful,\u201d says M\u00fcller. \u00a0\u201cAnd it works in reverse too – our teams can underwrite international risks from here in South Africa.\u201d<\/p>\n

Credeq Africa\u2019s reinsurance relationships provide capacity that few local players can match, with the ability to issue multi-billion-rand guarantees. However, its claims\u2019 philosophy is hands-on and collaborative. \u201cPaying claims is expected. Helping clients avoid them is where we really add value,\u201d M\u00fcller said. \u201cWe\u2019ve made direct interventions, that is, loans, restructures, and contractor mediation – when it meant salvaging a project and avoiding unnecessary fallout.\u201d<\/p>\n

He concludes that the UMA model gives Credeq Africa more freedom to innovate and act entrepreneurially without losing the governance and trust that comes with Lombard\u2019s backing. \u201cWe have always said we want to do good business with good people. This model lets us scale that idea with integrity. We don\u2019t chase volume, we pursue quality. Our promise is simple: Help clients grow, make brokers stronger, and deliver certainty when it matters most.\u201d<\/p>\n

\u00a0<\/strong><\/p>\n

ENDS <\/strong><\/p>\n

[6<\/strong>14 words]<\/strong><\/p>\n

About Us<\/strong><\/p>\n

Credeq stands behind financial promises around the world. We are a leading global credit insurance provider headquartered in London, with local teams in South Africa, Australia, and Europe. We have a GBP 176 gross written premium with a presence across 8 different countries and 35+ years expertise in specialist credit insurance. <\/strong>Our expertise spans Guarantees & Surety, Trade Credit, Credit Risk Insurance and AI Risk. For more information, visit: www.credeq.com<\/p>\n

\u00a0<\/strong><\/p>\n

Media Contact: <\/strong><\/p>\n

Brindaveni Naidoo | Account Manager<\/p>\n

Contact<\/strong>: brindaveni@swmcommunications.co.za<\/a><\/p>\n

Cell<\/strong>: +27 84 566 7459<\/p>\n

\u00a0<\/strong><\/p>\n

Company Contact:<\/strong><\/p>\n

Sharlenee Naidoo<\/p>\n

Email:<\/strong>\u00a0 Sharlenee.Naidoo@credeq.com<\/p>\n

Cell<\/strong>: +27 84 060 9071<\/p>\n","protected":false},"excerpt":{"rendered":"

Johannesburg, South Africa \u2013 1 July 2025: Credeq Africa today announced its official launch as an independent Underwriting Management Agency (UMA) in the local market, marking a strategic evolution from its roots within Lombard Insurance\u2019s Guarantee and Trade Credit division. This milestone positions the company to deliver faster, more flexible specialist guarantees and credit insurance to the construction, mining, trade, and other bespoke risk sectors.<\/p>\n","protected":false},"author":2,"featured_media":18253,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103,60],"tags":[],"class_list":["post-18251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credeq-press-releases","category-press-releases"],"_links":{"self":[{"href":"https:\/\/swmcommunications.co.za\/press-office\/wp-json\/wp\/v2\/posts\/18251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swmcommunications.co.za\/press-office\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swmcommunications.co.za\/press-office\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swmcommunications.co.za\/press-office\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swmcommunications.co.za\/press-office\/wp-json\/wp\/v2\/comments?post=18251"}],"version-history":[{"count":3,"href":"https:\/\/swmcommunications.co.za\/press-office\/wp-json\/wp\/v2\/posts\/18251\/revisions"}],"predecessor-version":[{"id":18255,"href":"https:\/\/swmcommunications.co.za\/press-office\/wp-json\/wp\/v2\/posts\/18251\/revisions\/18255"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swmcommunications.co.za\/press-office\/wp-json\/wp\/v2\/media\/18253"}],"wp:attachment":[{"href":"https:\/\/swmcommunications.co.za\/press-office\/wp-json\/wp\/v2\/media?parent=18251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swmcommunications.co.za\/press-office\/wp-json\/wp\/v2\/categories?post=18251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swmcommunications.co.za\/press-office\/wp-json\/wp\/v2\/tags?post=18251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}