Euler Hermes was named best global trade credit insurer in the 2012 Global Finance awards for “Best Global Risk Management Providers.”
Global Finance is a monthly magazine for corporate leaders, bankers and investors with a readership in 163 countries.
“Trade credit insurance is a valuable financial management tool that helps businesses identify the best customers and protect cash flow essential to company operations and sustainability,” said Wilfried Verstraete, chairman, Euler Hermes Group. “It is an honor for our services and customer focus to be recognized by industry colleagues worldwide.”
According to Joseph D. Giarraputo, president and publisher of Global Finance, “We’re certain the results will prove useful as our readers assess their insurance and risk management needs and look to identify ‘best-of-class’ providers in the months ahead.”
In its awards announcement Global Finance noted that, “the need for competent, versatile and financially sound insurance and risk providers is at an all-time high...the world has become more complex … (with) challenges to margins from intense competition and globalization… (and) difficult and evolving risk issues in every corner of the globe.”
Top insurers were recognized overall and by coverage in six regions of the world, including: US/Canada, Europe, Central/Eastern Europe, Latin America/Caribbean, Asia Pacific and Middle East/Africa. Winners were selected by a panel of 14 prominent risk management and financial executives at major companies headquartered in each geographic region of the world, and a survey of the publication’s readers. Award criteria included
pricing and coverage terms
service delivery on claims handling and pre-loss service.
In addition to Euler Hermes’ selection as best global trade credit insurer, Allianz was named best overall insurer and, in eastern/central Europe, Allianz Global Corporate & Specialty as best general liability and best directors and officers (D&O) insurer.
For further information, please contact:
Euler Hermes Group Media Relations (Paris)
Bettina Sattler – +33 (0)1 8411 6141
Ogilvy Public Relations Worldwide
Lorenzo Ricci – +33(0)1 53 67 12 83