CFI Award Winner Euler Hermes, GCC: Doing Spectacularly Well in 2013


According to the CFI Judging Panel Euler Hermes GCC, is the ‘Best Credit Insurance Services and Solutions Provider in the Middle East’. The award is made for the year 2013 during which the growth of recent years continued and brought forth strong and satisfying profitability. By all measurements, Euler Hermes GCC is doing spectacularly well in the region and particularly so in the UAE, Qatar and Saudi Arabia.

The Panel congratulates this company on the quality of its service to clients and the loyalty that their clients have shown in return. Retention, growth and loss rates are far superior to those of the competition and 2013 looks set to show significant improvements despite the outstanding performance of the previous year.

Euler Hermes GCC invests strongly in personnel and insists on superior levels of training. CEO Massimo Falcioni is applauded by the panel for his inspired leadership. Falcioni, 46 years old arrived at Euler Hermes via senior management appointments at Exxon Mobil, Philip Morris International and Volkswagen Financial Services. Since 2008, Massimo Falcioni successfully managed the development of Euler Hermes business unit in Italy, the third largest market for the Euler Hermes Group, before joining Euler Hermes GCC in Dubai as CEO in 2012.

The Panel pointed out that, ‘Much has been achieved by Euler Hermes, GCC, during the past two years.’