Nationale Borg, rated A- by AM Best, is the leading guarantee provider in the Dutch and Belgian markets, as well as a worldwide recognized reinsurer of guarantees and credit insurance.
With a staff of 75 employees and a turnover of € 107 million (2017), Nationale Borg services its local and international clients from its offices in Amsterdam (Netherlands), Antwerp (Belgium) and Willemstad (Curaçao).
As a member of ICISA, PASA, SFAA and Alasece, Nationale Borg is an internationally recognized partner and a household name in the (re)insurance world of guarantees and credit insurance.
Our mission is twofold: we aim to expand our global presence via specialized, tailor-made reinsurance capacity, as well as strengthen our leading position in selected European guarantee markets by providing excellent service, speed and performance.
Nationale Borg is owned by AmTrust Financial Services, Inc., a privately held, New York based insurance group.
Founded in 1893, Nationale Borg initially focused on direct guarantee business in the Netherlands. Around 1950 the company started writing inwards reinsurance for the same line, as well as for trade credit insurance. Around the turn of the millennium, the company started up activities in Belgium, where it has since become the market leader in guarantees.
In 2008, Nationale Waarborg, a company specializing in home purchase guarantees for private individuals, was acquired.
Since 2011, the group had two separate carriers for its two main activities: Nationale Borg-Maatschappij for the surety activities (from its main office in Amsterdam for the Netherlands and its branch office in Antwerp for Belgium), and Nationale Borg Reinsurance in Curaçao for the reinsurance activities.
In 2016 Nationale Borg became part of US based AmTrust Financial Services, Inc., and consequently the legal structure was changed. The surety activities are now organized through Dutch and Belgian branch offices of AmTrust International Underwriters, DAC, that use the Nationale Borg trade name, while the reinsurance activities are conducted by a separate entity, Nationale Borg Reinsurance NV in Curacao. The Amsterdam office continues to provide services to this entity and the joint pool of expertise is put to use for clients in both the surety and reinsurance markets.
Highlights in 2017 and 2018
After a number of years of very prudent underwriting, the improved economic circumstances allowed us to grow our exposure and income again. Despite increased competition and some pressure on premium rates, this growth continued in 2018. The interim 2018 results show a solid increase in premiums and bottom line results.
In the reinsurance activity, the company further maintained its market presence around the world. After a low in 2016, premium income and results showed a positive trend in 2017 that continues into 2018.
Reyer van der Vlugt
P.O. Box 955
1000 AZ Amsterdam, Netherlands
Phone +31 20 553 3900
2600 Antwerp, Belgium
Phone +32 3 285 9880
Nationale Borg Reinsurance N.V.
Kaya Mensing 18
Phone +599 9 465 1866
Jos Kroon, Vincent Ascoop, Kariem Eliasar