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Euler Hermes Wins “Best Export Credit Agency” Award for the 4th time

Euler Hermes, the worldwide leader in credit insurance, has been rewarded “Best Export Credit Agency 2008” by the British Trade Finance Magazine based on an annual survey among 15,000 readers.

German enterprises receive the best state support for their exports worldwide. Euler Hermes and its partner PricewaterhouseCoopers were elected "Best Export Credit Agency 2008" (Best ECA 2008) again. The two companies handle the export credit guarantee scheme (Hermes Cover) on behalf of the government of the Federal Republic of Germany.

Since 1999 the British magazine Trade Finance has regularly named the "Best ECA" with the help of a reader survey and thus created a benchmark for all state export credit agencies. It is already the fourth time (1999, 2005, 2007, 2008) that Euler Hermes and PwC receive this special award; since 2003 they have always been among the best three ECAs and with that they strongly prove their top position.

The “Best ECA” award recognises outstanding performance in the areas of export financing, export credit insurance, project financing and structured financing. It mirrors the independent evaluation of the quality and performance of an ECA across all sectors of the export industry. Export Credit Guarantees are the most important instrument of state foreign trade support in Germany. The focal point continues to be the protection against bad debt losses especially in connection with supplies to difficult and risky markets.

Wednesday, July 23rd 2008
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