Our staff are regularly interviewed regarding the current economic climate as it pertains to trade credit insurance.
October 1, 2020
Euler Hermes Group Announces CEO Leadership Change
After twelve successful years as our Chairman and Chief Executive Officer, Wilfried Verstraete has decided to step down from his operational duties. He will be succeeded by Clarisse Kopff as of January 1, 2021. From all the employees, thank you Mr. Verstraete for your inspiration and guidance; we will keep your motto alive.
Bankruptcies are up so far this year — to a level we haven’t seen since 2010, in the aftermath of the Great Recession. That’s according to S&P Global Market Intelligence, which tracks big-ish public and private companies across the economy. It’s a 27% increase over the same period in 2019.
As economic uncertainty due to COVID-19 continues to impact businesses across the country, a new report commissioned by trade credit insurers Euler Hermes, Coface and Atradius found that a lack of support for the trade credit insurance (TCI) industry could disrupt the stability of millions of businesses across the U.S.
The Federal Reserve is seen as increasingly likely to keep interest rates at near-zero percent until 2023 or beyond and will find new ways to keep borrowing costs at rock-bottom levels.
If there’s anything you have in common with an economist, it’s that you both care how many people in the U.S. have a job.
The regional alliances that governors formed last month to coordinate the process of reopening from stay-at-home orders are facing their first big test, as some states in the pacts begin to move forward with plans to restart their economies while others are holding back until there are more signs the coronavirus is under control.
