Euler Hermes, the world’s leading trade credit insurer, has appointed Sarah Murrow as CEO of its UK and Ireland business, with effect from 1 June and subject to regulatory approval.
Sarah Murrow moves from her role as the market management, commercial underwriting and distribution (MMCD) director for Northern Europe, and will be the first woman to head up Euler Hermes’ UK and Ireland business. She will remain based in London.
She succeeds Milo Bogaerts, who is appointed CEO of Euler Hermes Northern Europe Region, effective 21 June. Fabrice Desnos, previously head of the region, is appointed member of Euler Hermes’ Group Board of Management in charge of Credit Intelligence, Claims, Collections and reinsurance.
As MMCD director, Sarah grew profitably Euler Hermes’ trade credit portfolio in Northern Europe through technical excellence, investments in technology and digital marketing, and the development of special products and distribution partnerships.
Sarah Murrow said: “I am honoured to join this market-leading organisation. At Euler Hermes our purpose is to facilitate safe trade. As CEO for UK and Ireland my objective is to work with clients and partners to expand our products and services, providing more businesses the confidence to realise their ambitions. It is also paramount that I ensure our staff continue to receive a great employee experience.”
Milo Bogaerts added: “We create trust to trade and are helping our customers emerge from the pandemic. Sarah has a great track record of understanding the needs and ambitions of our clients and partners. Her commercial experience makes her the ideal person to help our clients grow through the recovery.”
Sarah Murrow joined Euler Hermes in 2004 in its Baltimore office, and previously held senior management roles in the US and France. She has a BA degree in international relations from Roanoke College in Virginia and a MBA from Johns Hopkins Carey Business School in Maryland.
Euler Hermes is a global leader in trade credit insurance, which helps businesses to trade with confidence domestically and internationally. The UK and Ireland are some of its most important markets.