Euler Hermes shakes up leadership

Berry succeeds Michele Pignotti, who will join Solunion, a joint venture between Euler Hermes and MAPFRE in Spain.

Paul Flanagan (pictured) will take on the role of CEO for APAC, effective July 01. Flanagan joined Euler Hermes 30 years ago, working at the time for Trade Indemnity PLC, in the finance team. In 1998, he took over both finance and operations, before becoming risk, information, claims and collections director in the UK. In 2007, he successfully led Euler Hermes Canada through the global financial crisis while maintaining market share and growth. In 2010, Paul became regional risk director for Northern Europe, and in 2016, CEO for Poland.

Flanagan will succeed Holger Schäfer, who will take over the role vacated by Anil Berry as CEO of Euler Hermes’ World Agency.

Frédéric Bizière, member of the group board of management in charge of credit intelligence and reinsurance, will leave to pursue other opportunities within the Allianz Group, effective June 20. He will be succeeded by Fabrice Desnos. Meanwhile, Desnos, who is currently CEO of the Northern Europe region, will be succeeded by Milo Bogaerts.

“I warmly thank Frédéric and Michele for their immense contribution to the success of the company throughout the years, and wish them success in their future roles,” said Clarisse Kopff, CEO and chairperson of the board of management of Euler Hermes Group.

“I am delighted to welcome Anil, Fabrice, Milo, Holger and Paul in our leadership team, who all come with strong international and field experience. They will contribute with their vision and energy to bring our company to the next level, shifting the gears of our growth and transformation, and support our clients in the upcoming phase of economic recovery.”