Euler Hermes, the world’s leading credit insurer, will offer Excess of Loss (XoL) insurance coverage from mid-September 2012 through a new specialist underwriting team based in London.
“We believe today’s market uncertainty and new financing environment will increase demand for XoL coverage by multinationals who manage their credit risk on a standalone basis or perhaps through captive insurance companies,” said Wilfried Verstraete, CEO, Euler Hermes. “These companies already manage their day-to-day risks through effective credit control structures, tools and corporate governance procedures. Through XoL coverage we can help them further improve their balance sheet efficiency. We look forward to bringing a new solution and new energy to the XoL sector through our deep understanding of credit risk, financial stability and recognized market leadership.”