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Euler Hermes corporate press releases

Euler Hermes Begins Operations in Chile
22.07.2010
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Euler Hermes, the worldwide leader in trade credit insurance, has announced the opening of its newest Latin American subsidiary in Chile...

Catherine Zeller joins Euler Hermes as Head of Group Legal and as Corporate Secretary
19.07.2010
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On July 19, Catherine Zeller joined leading global credit insurer, Euler Hermes, as Head of Group Legal and as Corporate Secretary...

Euler Hermes Wins “Best Export Credit Agency” Award for the 6th Time
15.07.2010
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Euler Hermes, the worldwide leader in credit insurance, has again been rewarded “Best Export Credit Agency Europe 2010” by the British Trade Finance Magazine based on an annual survey among 15,000 readers....

Euler Hermes enhances its political and trade risk cover
06.07.2010
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Euler Hermes enhances its political and trade risk cover...

Global economic recovery is already under pressure
28.06.2010
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Global economic recovery is already under pressure...

José Maria Cadenas is appointed CEO of Euler Hermes Spain
27.05.2010
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José Maria Cadenas will take up the position of Chief Executive Officer of the Spanish subsidiary of global credit insurance leader, Euler Hermes, on June 1, 2010....

New members are appointed to the Supervisory Board of Euler Hermes
21.05.2010
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The shareholders of Euler Hermes appointed five new members to the Supervisory Board of the group on 21 May 2010....

Brazil, India and China: the new leaders of the global economy for at least the next five years
20.05.2010
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Having displayed extraordinary resilience to the global crisis, China, India and Brazil are about to experience an economic success that is set to last at least five years. According to Wilfried Verstraete...

Jules Kappeler is appointed Managing Director of Euler Hermes Switzerland
05.05.2010
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Jules Kappeler has taken up the position of Managing Director of the Swiss subsidiary of global credit insurance leader, Euler Hermes, on May 1, 2010...

World economy: New sources of growth are slow to emerge; risks and uncertainties persist
15.04.2010
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The global economic rebound since the spring of 2009 has not neutralised the impact of the historic recession suffered by developed countries. In particular, the weight of OECD countries in global industrial output and trade has receded by several percentage points. The present rebound is very uneven and artificially boosted by significant but temporary support factors...

HSBC and Euler Hermes join forces to support UK exporters
12.04.2010
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HSBC Commercial Banking and Euler Hermes, the world’s leading credit insurer, have announced that they will begin working together from 1 April 2010 to support HSBC Invoice Finance’s service to UK exporters. ...

Bruno Verhofstede appointed CEO of Euler Hermes Belgium
30.03.2010
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Press release Bruno Verhofstede appointed CEO of Euler Hermes Belgium...

Appointments at Euler Hermes
18.01.2010
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As part of its new integrated organisation, Euler Hermes has set up a Market Management, Marketing, Commercial & Distribution division overseen by Michel Mollard, member of the Euler Hermes Group Management Board. Three Executive Directors have been appointed...

Dirk Oevermann is appointed member of Euler Hermes’ Board of Management, in charge of Operations and IT
02.12.2009
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The Euler Hermes Group Supervisory Board appointed Dirk Oevermann a member of the Board of Management of the Euler Hermes Group as of 1st February 2010. Dirk Oevermann will be in charge of Operations and IT...

Global corporate insolvencies: after a black year in 2009, Euler Hermes expects corporate insolvencies to stabilise at a high level in 2010
17.11.2009
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The world’s leading credit insurer Euler Hermes is forecasting a 33% rise in corporate insolvencies worldwide in 2009. In 2008, half the global increase in insolvencies resulted from financial restrictions whereas in 2009 the main factor has been the economic recession...

Clement B. Booth takes over from Jean-Philippe Thierry as Chairman of the Supervisory Board of Euler Hermes
09.11.2009
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As previously announced, Jean-Philippe Thierry will retire from AGF chairmanship and Allianz SE Board of Management on 31 December 2009. Within this context the Euler Hermes Supervisory Board which met earlier today, has appointed Clement B. Booth Chairman...

Bernd Lehmann is appointed Global Head of HR of Euler Hermes
29.10.2009
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Bernd Lehmann is appointed Global Head of Human Resources of the Euler Hermes Group, effective as of November 1st, 2009....

Euler Hermes: new governance
15.10.2009
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Within the framework of the new organisation which will be implemented 1 January 2010 and in order to manage the group in a fully integrated way, the members of the Management Board of Euler Hermes decided to strengthen the group functions and to concentrate on them. Moreover six Heads of Region are appointed....

Euler Hermes adopts a new, more integrated, organisation
10.09.2009
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Euler Hermes adopts a new, more closely integrated, organisation with the aim of better meeting clients’ needs and consolidating its world leadership in credit insurance...

Standard & Poor’s confirms Euler Hermes’ AA- rating
18.08.2009
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In a report published on July 29, Standard & Poor’s Ratings Services affirms its AA- rating with a stable outlook on Euler Hermes group reflecting its very strong position and financial flexibility and its prudent investment strategy...

U.S. Has Entered Economic Recovery Period
21.07.2009
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Following nearly 18 months of recession, the U.S. economy has entered its initial recovery period; however, as expected, the economic improvement is coming “in fits and starts” according to the Chief Economist for Euler Hermes in the Americas...

The future of global automobile demand to be shaped by mergers and alliances
25.06.2009
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A plunge in global demand and massive destocking are such that in future, the industry will need to find ways to share certain costs through tie-ups and alliances...

Post-crisis period expected to be marked by the resurgence of “country risk” and lower global economic growth than in the last decade
05.06.2009
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Number one credit insurer Euler Hermes assesses the impact of globalisation and considers its development post-crisis...

A remarkable acceleration in business insolvencies worldwide: +35% in 2009
04.06.2009
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Number one credit insurer Euler Hermes is forecasting a 35% increase in corporate worldwide insolvencies for 2009, after +27% in 2008. This dramatical rise is the consequence of the financial and economic crisis....

France: Euler Hermes SFAC plays a leading role in the new CAP+ credit insurance top-up scheme and in communication with companies
14.05.2009
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French credit insurer Euler Hermes SFAC welcomes the agreement reached following the meeting with French prime minister François Fillon on 12 May 2009...

Euler Hermes confirms its presence in Portugal
14.05.2009
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Euler Hermes took note of the Portuguese Prime minister’s statement regarding his government’s wish to make an offer to acquire Cosec...

HSBC and Euler Hermes provide Mexican Middle Market Companies management solutions for their working capital
20.04.2009
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Two leading companies have combined their expertise in Mexico to help Middle Market Companies (MMEs) to better manage collection risk associated with their account receivables...

Wilfried Verstraete is appointed CEO of Euler Hermes
17.02.2009
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As Clemens von Weichs will become Chief Executive Officer (CEO) of Allianz Re, the Euler Hermes Group Supervisory Board appoints Wilfried Verstraete as CEO of the Euler Hermes Group as of 1st April 2009...

Country risk - Emerging economies caught in the storm
12.01.2009
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Euler Hermes has published its analysis of country risk in a global economic crisis. Country risk takes on another dimension in a recessionary environment. Emerging countries are faced with dwindling sources of external financing, the recession of the major economies and falling commodities prices. ...

An unprecedented crisis in terms of severity and its simultaneous impact worldwide. No stabilisation foreseen before the end of 2009
17.12.2008
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In a research report, the world leading credit insurer Euler Hermes analyses the general impact, and the impact by sector, of the current global crisis. It stresses that the present economic and financial crisis is unprecedented in terms of its severity and geographic spread. ...

Euler Hermes: Insolvencies on the rise worldwide
08.12.2008
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The number of corporate insolvencies is rising dramatically worldwide as a consequence of the crisis in the international financial markets and the fundamental changes in the economic environment....

No United States recovery until mid-2009
20.11.2008
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The U.S. economy is in the midst of a recession, the effects of which will continue to plague businesses and consumers well into the next year, according to economic analysis from the US subsidiary of the world’s leading credit insurer....

2008-2009 outlook for the aeronautics. Analysis by Euler Hermes.
15.10.2008
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According to the world leading credit insurer’s analysis, air carriers’ results will deteriorate further in 2008 and 2009 due to slower growth in air traffic and significantly higher fuel costs....

Standard & Poor’s confirms Euler Hermes’ AA- rating
26.08.2008
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In a report published at the end of July on its website*, Standard & Poor’s rating services affirms its AA- rating with a stable outlook on Euler Hermes group reflecting its very strong position...

Slower world trade growth expected in 2008 - World risk outlook
18.07.2008
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Leading accounts receivable insurer Euler Hermes ACI has issued its mid-year 2008 Global Risk Analysis Report for emerging economies. The report is calling for lower global GDP growth and reduced world trade volumes for the remainder of the year...

Euler Hermes and Rosno extend co-operative venture in Russia
03.07.2008
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The world’s leading credit insurer and one of Russia’s largest universal insurance companies are blending their experience to extend the level of insurance cover in Russia by founding the company Euler Hermes Credit Management...

Euler Hermes wins “Best Export Credit Agency” award for the 4th time
01.07.2008
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Euler Hermes, the worldwide leader in credit insurance, has been rewarded “Best Export Credit Agency 2008” by the British Trade Finance Magazine based on an annual survey among 15,000 readers...

Triple Shock in 2008 - Economic Outlook
26.06.2008
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The world economy is faced with three shocks in 2008 and 2009 – a sub-prime crisis affecting all the OECD economies resulting in a slowdown in construction and real estate; a shock in terms of food and energy commodities; and lastly a downturn in world trade caused by the slowdown in the US economy...

Euler Hermes starts operating in Qatar, Oman and Kuwait
09.06.2008
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Euler Hermes, the world’s leading credit insurer and member of the Allianz Group, has signed a cooperation agreement with Qatar Insurance Company and its subsidiaries in Oman and Kuwait...

No economic recovery for businesses in 2008, says Euler Hermes ACI chief economist
06.06.2008
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The U.S. economy continues to face deteriorating economic conditions which will cause significant difficulties for businesses through the remainder of 2008, according to analysis from leading B-to-B accounts receivable insurer Euler Hermes ACI...

Michele Pignotti appointed CEO of Euler Hermes SIAC, Italy
05.05.2008
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Euler Hermes, the world’s leading credit insurer, has appointed Michele Pignotti Chief Executive Officer of its Italian subsidiary Euler Hermes SIAC with effect from May 1st, 2008. ...

Sector analysis: property and construction
17.04.2008
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In their report entitled “Property and construction: when will the crisis end? ”, economic and risk industry experts from Euler Hermes, the world’s leading credit insurer, review the sector’s prospects both internationally and for France...

Euler Hermes creates Euler Hermes World Agency
15.04.2008
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Euler Hermes, the world’s leading credit insurer, opens its new subsidiary, Euler Hermes World Agency. Specifically created to meet the needs of multinational companies, Euler Hermes World Agency offers ...

Sector analysis: the world retail industry
13.03.2008
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In their report entitled "What are the strategies available for food distributors to protect their threatened margins?" economic and sector experts from Euler Hermes, the world’s leading credit insurer, review the status of the sector as well as its international outlook...



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