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NCI Announces Strategic Investment in UK-Based Trade Credit Insurance Broker EFCIS

2 Minute Read
Written by Kirk Cheesman
5 February 2024

NCI is thrilled to announce we have acquired a 40% stake in EFCIS, a UK-based specialist Trade Credit Insurance broker. This strategic partnership strengthens our ability to support clients with trade credit solutions across multiple regions, reinforcing our commitment to providing seamless global coverage and expert credit risk management solutions.

EFCIS, established in 1999, has built a strong reputation for its expertise in Trade Credit Insurance, supporting both local and multinational businesses in managing credit risk effectively. Like NCI, EFCIS has a specialist approach, focusing on tailored credit risk solutions that empower businesses to trade with confidence.

“This investment marks an exciting new chapter for NCI and our clients”

“This investment marks an exciting new chapter for NCI and our clients,” said Kirk Cheesman, Group Managing Director of NCI. “With an increasing number of businesses operating across borders, our partnership with EFCIS allows us to extend our service capabilities, ensuring our clients receive best-in-class trade credit support in the UK, Asia Pacific and Oceania. We are committed to providing expert advice, comprehensive coverage and the best service”

Andy Moylan, Founder & Managing Director of EFCIS, welcomed the partnership, stating: “EFCIS has always been dedicated to pushing the boundaries of what a specialist Trade Credit Insurance broker can offer. Our partnership with NCI enables us to leverage their expertise and resources while maintaining our commitment to delivering innovative credit risk solutions. We see this as a major advantage for businesses operating in both the UK and international markets.”

Together, NCI and EFCIS are committed to helping businesses safeguard their cash flow, mitigate risk and trade with confidence across key global markets.

If you have any questions about this acquisition or would like to discuss how we can support your UK activities, please reach out to your NCI Client Service Manager or contact us directly.

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