Announced Euler Hermes, a 54% growth of its portfolio of GCC in 2012

  Euler Hermes, the world's leading credit insurer, announced a 54% growth of its portfolio of GCC in 2012 and expects to continue its growth momentum in 2013.
"The companies are based in the GCC region are increasingly aware that the unequal global environment requires the adoption of risk management tools such as credit insurance can protect the financial health long term," said Massimo Falcioni, CEO of Euler Hermes GCC.

The figures were Wilfried Verstraete, Chairman of Euler Hermes group presence, which also announced over the Mediterranean from the company's regional growth strategy for the Middle East and Africa (DMARDs) at today's press conference in Dubai.

Verstraete said: "While the economic difficulties in the euro zone continue, Euler Hermes investment in growth markets to bear fruit continue our total sales at the end of March 2013 € 619.3m to 5% over the first quarter of 2012, the Middle compared .. Includes America and Asia are the main driver of growth. "

He added: "Excellent results have also received DMARDs by region, 11% in Q1 2013 increased compared to the first quarter of 2012."

"The future growth of the Euler Hermes is closely linked to the ability of the group to opportunities arising from changes in the global economy, including in the GCC context use," said Michele Pignotti, head of the region of DMARDs company. "The 2013 Euler Hermes to promote development strategy for the region on a robust risk appetite and investment, based credit insurance protects companies from unpaid bills," Michele said.

During the press conference, the GCC Falcioni said as an important crossroads in new global trade routes, because of its openness to trade.

"The GCC states actively invest in specialized services and innovative industries to prepare for a less dependent on reserves of natural gas and oil future," he said. "We are ready to support new customers through a strategy of multi-channel sales in the six Gulf countries, taking advantage of the growing interest and demand for credit protection seller in domestic trade and export," he added.

Euler Hermes has its operations in Dubai in September 2007 developed in the United sponsored by Alliance Insurance PSC Arab Emirates including the Chairman of the Board is HH Sheikh Ahmed Saeed Al Maktoum. With operational offices in Jeddah and Riyadh, Euler Hermes is also in Bahrain, Kuwait, Oman and Qatar.