Three hires boost AIG’s trade credit team
Insurer AIG Europe has made three new appointments to its trade credit team. Oliver Lambert, Marius Wolmarans and Ulf Cramer join the team.
Lambert, formerly an underwriter for Mitsui Sumitomo Insurance, has been appointed trade finance manager and will be based in London. He will be responsible for structuring and insurance support for funders across a wide spectrum of trade finance.
Cramer has been appointed as head of the trade credit insurance excess-of-loss and trade finance initiative and will be based in Frankfurt. With more than 10 years of experience in the credit insurance and trade finance sector, Cramer previously worked as a senior executive at COFACE. In his new role Cramer will be responsible for the sales and product development of trade finance products.
Wolmarans has taken up a new role, based in London, managing the development and growth of the multi-national business across EMEA, with specific focus on major accounts and financial institutions. He has 23 years of trade credit insurance experience, gained on three different continents. His previous roles include managing director at Euler Hermes California and head of the Finpro Division at Marsh South Africa.
Neil Ross, trade credit regional manager EMEA, said: “These appointments significantly strengthen our trade credit offering at an important time for our business. Demand for trade credit insurance is increasing as companies continue to face the challenges of an uncertain global economy coupled with a new set of exposures as they push into new export markets, searching for the growth opportunities. As well as expanding our team, we have responded by recently expanding our product range responding by making enhancements to our products and innovative support for trade finance.”