Euler Hermes launches in South Africa
Credit insurance company Euler Hermes is set to launch in the South African market, strengthening its presence on the African continent.
Based in Johannesburg, operations include a re-insurance agreement with Allianz Global Corporate & Specialty (AGCS) South Africa.
Gregory Nosworthy will lead the South African operation as country manager. Nosworthy joins from
LCM Credit Risk and Top Cover, a Johannesburg-based company he co-founded and co-owned to provide clients with credit risk, underwriting and management solutions.
“Our strong financial position, best-in-class operating model and customer-centric organization will shape the strong presence we are building in South Africa,” said Michele Pignotti, Euler Hermes head of Mediterranean countries, Middle East and Africa (MMEA) region.
Euler Hermes South Africa is the newest operation in the Euler Hermes MMEA region that currently employs over 650 people and covers 14 countries.
Nosworthy added: “As global market leader, Euler Hermes is well-positioned to play a leading role in South Africa. The value we will bring to businesses operating here includes our worldwide expertise in risk assessment, deep knowledge of the markets, tailored solutions and premium client service. That proprietary intelligence network tracks and analyses daily changes in corporate solvency among small, medium and multinational companies active in markets representing 92 percent of global GDP.”
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk