Euler Hermes Kreditversicherung

Peter Silberschmidt joins Euler Hermes Switzerland - Managing Director of Swiss ERG (Swiss Export Risk Guarantee) moves to global market leader in credit insurance

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    Zurich (ots) - Peter Silberschmidt, Managing Director of ERG (Swiss Export Risk Guarantee), is to join Euler Hermes, Switzerland's leading credit insurer. Peter Silberschmidt has been active for Euler Hermes since the beginning of May 2006, and will primarily be involved in the Business Development and Client Relations areas. "I look forward to the new position with a strong partner," comments Peter Silberschmidt.

    For Jules Kappeler, Director of Sales & Commercial at Euler Hermes Switzerland, collaboration with the former head of ERG is a stroke of good luck: "We are delighted that we have been able to gain Peter Silberschmidt with his extensive experience in the export field." "The timing in particular is perfect," adds J_rn Volk, Managing Director of Euler Hermes Switzerland. "Many export-oriented companies now realise that credit insurance is a modern and efficient risk-hedging tool for the export business." This trend is leaving its mark. Last year Euler Hermes Switzerland once more posted strong growth, recording a 36 percent rise in premiums.

    Euler Hermes Switzerland

    The Zurich branch of Euler Hermes Kreditversicherungs AG serves policyholders in Switzerland. Euler Hermes Services AG performs local credit checks and monitors the creditworthiness of Swiss companies. The company also provides commercial debt collection services for our clients. Thanks to successful development in Switzerland, Euler Hermes also opened an agency in Lausanne on 1 February 2005. This move reflects the company's commitment to providing a local presence and on-the-spot risk analysis services in the client's neighbourhood. Our clients benefit from our local presence in Switzerland as well as from the strength of the Euler Hermes Group and its global reach. In Switzerland Euler Hermes employs some 40 persons in Zurich and Lausanne, who were responsible in 2005 for analysing and guaranteeing around 46,000 risks.

    Euler Hermes is the world-wide leader in credit insurance and one of the leaders in bonding and guarantees. With 5,400 employees in 43 countries, Euler Hermes offers a complete range of services for the management of customer receivables.     Euler Hermes, subsidiary of AGF and a member of Allianz, is listed on Euronext Paris. The group and its principal credit insurance subsidiaries are rated AA- by Standard & Poor's.

ots Originaltext: Euler Hermes Switzerland

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