Euler Hermes was named best trade credit insurerin Asia Pacific in the 2013 GTR Asia Leaders in Trade awardsby GTR (Global Trade Review) magazine.

GTR is a bi-monthly magazine with a global readership of 24,000 among corporate leaders, bankers and financiers in the international trade, export and commodity finance world. The awards are based purely on readers' votes.

"Trade credit insurance is a valuable tool supporting companies in Asia Pacific to identify sales opportunities, grow their business and protect cash flow, and businesses in the region are increasingly turning to credit insurance as the means to facilitate profitable growth," said Fabrice Desnos, head of Euler Hermes in Asia Pacific. "Asia is driving world GDP growth, and this is reflected in our business in the region, which continues to be a significant contributor to Euler Hermes' growth globally. In 2012 our business in the Pacific region grew by almost 39% compared to a year earlier, and the first quarter of 2013 alone saw our business in APAC grow by a further 32% compared to the same period last year."

Euler Hermes' global presence and unmatched trade risk expertise help businesses select the most promising markets and clients with which to grow their business sustainably. Companies that insure their trade credit with Euler Hermes benefit from cash flow protection against unpaid invoices or insolvencies while trading with their clients on an open account basis.

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