Through the strategic shareholding of Atradius (25%), CGIC has access to risk information on companies worldwide. Our massive database of buyers provides us with the real-time credit information that enables informed decision-making and secure trading for our policyholders.
We pride ourselves on our specialised business salvage and recovery unit, dedicated to facilitating the intricate restructuring that is, at times, needed to ensure both our clients’ interests and those of our shareholders - Old Mutual Insure (75%) and Atradius NV (25%) – are met.
Our proprietary CregaLink application offers clients and intermediaries a direct digital interface to CGIC systems.
CGIC also offers Bonds & Surety products, providing our clientele a wide range of tender and performance guarantees including bid/tender bonds, performance bonds, retention bonds, advance payment bonds, materials off-site guarantees, customs bonds and fuel guarantees.
We are rated “AA” with regards to our claims paying ability, we hold ISO9001 quality accreditation from the South African Bureau of Standards and we subscribe to the Codes of Best Practice of the South African Department of Trade & Industry.
CGIC contributes to several CSI projects and is included in the Old Mutual Limited Level 1 Broad-Based Black Economic Empowerment (BBBEE) rating.
Credit Guarantee is a licensed FSP and Non-Life Insurer.