WARSAW – 14 DECEMBER 2016 – The Polish Financial Supervision Authority (KNF), during session 337 held on December 13th, 2016, approved Paul Flanagan as the President of Euler Hermes Insurance Company SA.
Flanagan joined Euler Hermes (then Trade Indemnity plc) in London in 1991 as a financial accountant, was appointed chief financial officer of Euler Hermes UK in 1998, and in 2002 became director of Risk Underwriting, Information and Claims (RIC). In 2007 Flanagan was appointed CEO of Euler Hermes Canada and transferred to Montreal. He returned to London in 2010 as regional risk director for the Northern Europe region. In the same year he became a member of the Supervisory Board of Euler Hermes Insurance Company SA, developing a solid understanding of the Polish market.
A native of Ireland, he began his career as an accountant and auditor, moving to London in 1989 to join Sun Exploration and Production, an international oil exploration company. He is a certified accountant, chartered director of the Institute of Directors, and received an MBA in finance and strategy from the Open University.
Euler Hermes began offering trade credit insurance and claims products and services in Poland in 1998. The company currently employs over 200 people in offices in Warsaw, Gdynia, Katowice, Poznan and Wroclaw.