Euler Hermes, the global trade-credit insurer and member of the Allianz group, has opened an office in Dubai. The venture is in cooperation with a local partner, Alliance Insurance, a major presence in the United Arab Emirates. In Dubai, Euler Hermes will offer a wide range of credit-insurance services to companies in the Gulf Cooperation Council (GCC), consisting of the United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Oman and Kuwait. Euler Hermes will work closely with a number of local entities, including Alliance, Al Buhaira Insurance, Assurance Saudi Fransi and Qatar Insurance Co. A risk-underwriting team will manage Euler Hermes' credit risks in the region. The company has 5,500 employees in 49 countries, offering a complete range of services for the management of customer receivables.
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