Euler Hermes was named best trade credit insurer in Asia Pacific in the 2014 GTR Asia Leaders in Trade awards by GTR ( Global Trade Review) magazine.
GTR is a bi-monthly magazine with a global readership of more than 24,000 corporate leaders, bankers and financiers in the international trade, export and commodity finance world. The awards are voted by the magazine’s Asia editorial board.
“We are honored that our services to Asia Pacific financial and trade communities are again recognized, particularly as open account trade becomes more prevalent in regional business-to-business transactions and more companies use trade credit insurance to identify profitable opportunities and secure growth,” said Fabrice Desnos, head of Euler Hermes in Asia Pacific. “Asia continues to drive world GDP growth, and this is reflected in our business in the region. As the world’s leading provider of trade insurance solutions, we continue to invest in strengthening our service and product offer across Asia Pacific. We focus on developing new markets and innovative products adapted to the local entrepreneurial and business needs in this fast-growing region.”
Euler Hermes’ global presence and extensive trade risk expertise supports corporate clients as they select the most promising markets and customers in order to grow their business sustainably. Trade credit insurance protects policyholders’ cash flow against unpaid invoices or insolvencies while trading with customers on an open account basis.