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Euler Hermes is a global provider of credit insurance and risk management solutions with an office located in Dubai, United Arab Emirates. The company was founded in 1893 in Hamburg, Germany, and has since expanded its operations to over 50 countries worldwide, including the Middle East. Euler Hermes provides companies with protection against commercial and political risks that could impact their cash flow, including bankruptcy, non-payment, and contract frustration. The company's credit insurance solutions allow businesses to trade with confidence, knowing that they will be compensated for any financial losses incurred due to non-payment or insolvency. Euler Hermes also offers trade-related services such as credit assessments, risk monitoring, and debt collection to help companies manage their credit risk effectively.
The current CEO of Euler Hermes is Wilfried Verstraete, who has been with the company since 2003 and has held various executive positions before assuming the role of CEO in 2011. Verstraete has more than 30 years of experience in the insurance industry and has been instrumental in driving the company's growth and expansion in emerging markets such as Asia, the Middle East, and Latin America.
Euler Hermes has achieved several notable accomplishments, including being named the world's leading credit insurer for the tenth consecutive year in 2021 by the Global Trade Review. The company has also been recognized for its commitment to sustainability and was included in the Dow Jones Sustainability Index for the fifth year in a row in 2020. Euler Hermes has a strong management team with a wealth of experience in credit insurance and risk management, enabling the company to provide innovative solutions and exceptional service to its clients in Dubai and beyond.
118 Abu Baker Al Siddique Road, Deira, Dubai, UAE