Euler Hermes appoints new UK RICC director

Euler Hermes, the world’s leading trade credit insurer, has appointed Andrew Hodson as director of risk, information, claims and collections (RICC) of Euler Hermes UK & Ireland, with effect from 1st June 2020.

Andrew is responsible for implementing the RICC strategy, managing risk underwriting, delivering operational targets and representing the function when engaging with key stakeholders. He reports directly to Milo Bogaerts, Euler Hermes UK & Ireland chief executive.

Andrew returns to Euler Hermes’ UK and Irish business having previously overseen its portfolio of £15bn-worth of trade credit insurance across the North of England, Scotland, Ireland and Northern Ireland. Most recently, he headed up Euler Hermes group risk steering and strategy, based in its head office in Paris, driving and developing the firm’s global risk underwriting capabilities.

He re-joins the UK & Ireland team with more than 30 years’ experience in financial services and insurance, having started his career at Euler Hermes as a graduate in 1990.

Milo Bogaerts, chief executive at Euler Hermes UK and Ireland, said: “Andrew knows our UK and Irish operations extremely well and brings with him an outstanding understanding of both international and local markets. The current crisis presents increased levels of risk across the economy and his experience will be hugely beneficial in helping our clients to plot a steady course as part of the recovery ahead.”

Andrew succeeds Kris Macauley, who has taken up the role of RICC director for Northern Europe, and will relocate to the Canary Wharf, London, office in due course. Kris will continue to be based in London.

Euler Hermes is present in 52 countries with 6,000 employees. In 2019, it insured global business transactions representing €950 billion in exposure.