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Euler Hermes does not hold itself out as acting as an insurer in the region nor does it issue Trade Credit Insurance Policies to policyholders. Instead, Euler Hermes has partnered with a number of carefully selected locally licensed insurance companies for the purposes of issuing Trade Credit Insurance Policies in the region.

Allianz Trade Middle East Limited (ATME) is incorporated as a private company limited by shares in the Dubai International Financial Centre and has its registered office at Gate Village 8, 3rd floor, office 14, DIFC, Dubai UAE. ATME is regulated by the Dubai Financial Services Authority and licensed to conduct the regulated financial services activity of “Insurance Management” (DFSA license no. F012039). In accordance with its licence, ATME acts as an insurance manager for and on behalf of Euler Hermes in respect of its reinsurance arrangements with its local insurance partners. Euler Hermes has delegated responsibility for the underwriting, administration and servicing of these reinsurance arrangements to ATME.

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