Euler Hermes supports Save the Children safeguard more funds for children

London, 24 June 2020 – Euler Hermes, the world’s leading trade credit insurer, is to help Save the Children protect vital funds for international aid.

For a premium costing less than the price of a bottle of water, the charity has agreed a syndicated, multi-country political risk policy covering its international funds in countries where the threat of confiscation is high.

Issued by the Euler Hermes Transactional Cover team as part of a group also including other insurance partners, the policy is underwritten to ensure Save the Children’s essential global action can continue where it is needed.

Euler Hermes’ support for Save the Children coincides with the 100th anniversary of the charity, which was founded in 1919. As one of the world’s leading humanitarian organisations, it works to ensure children across the world, especially the most marginalised and deprived, have access to healthcare, food and shelter, as well as learning opportunities and child protection services.

Isabelle Girardet, Global Head of Transactional Cover and Investment Solutions at Euler Hermes, said:
“Save the Children’s work around the world is essential, so we’re privileged to support the charity and help it continue improving lives. Much of its resources are required in countries where there is elevated political risk around the security of funds. This policy, with a nominal premium attached, represents a positive gesture from the industry and will enable the charity to focus on its core activity with confidence.”

Nataliya Todorova, Global Head of Insurance of Save the Children International, said:
“For more than a century now, we have worked to champion the rights of children in every corner of the globe. It’s thanks to the generosity of partners such as Euler Hermes that the children who need our support most receive it. The funds that are protected by this policy go directly towards ensuring more and more children around the world live healthy lives, have access to a decent education and grow up free from violence.”


Media Contacts: 

Euler Hermes Media Relations
Adrian Russell
+44 (0)20 7860 2728

Max Ibbotson
+44 (0)161 235 0364

Jun 18, 2024

Allianz Trade and BPL unveil fully integrated API-powered enquiry system

Allianz Trade and BPL have today launched an industry-first collaboration to transform how underwriters and brokers share enquiry data using API integration via digital trading platform Whitespace, a Verisk business.

May 22, 2024

Allianz Trade wins GTR Award

Allianz Trade recognised as a ‘Leader in Trade’ for second consecutive year by Global Trade Review (GTR) as business wins Best Trade Credit & Political Risk Underwriter 2024

May 14, 2024

Allianz Trade Global Survey 2024

Allianz Trade Global Survey 2024 findings, revealing exporters' optimism amid global crises. Uncover UK exporters' growth projections, challenges in supply chains, and the transformative potential of AI. Find Out More!

May 07, 2024

Allianz Trade x Inclusive Brains

Allianz Trade & Inclusive Brains join forces to foster the inclusion of people with disabilities thanks to AI and neurotechnologies.

Apr 11, 2024

Allianz Trade UK Product Launch

A major milestone in Allianz Trade’s journey of innovation, the refreshed Trade Credit Insurance product suite provides a range of new features to enhance efficiency for brokers and insureds alike.

Mar 06, 2024

Allianz Trade launches Allianz Trade pay

Allianz Trade launches Allianz Trade pay, a new range of services fully dedicated to B2B e-commerce activities, brings simplicity, security, flexibility and competitiveness to the e-commerce ecosystem thanks to comprehensive and easy-to-set-up products.

Nov 20, 2023

Allianz Trade appoints Peter Evola as Commercial Director for the UK & Ireland

Allianz Trade has appointed Peter Evola as Commercial Director for the UK & Ireland with effect from 1 December, subject to regulatory process.

Sep 22, 2023

Allianz Trade win Best Trade Credit Insurer at TFG Trade, Treasury and Payments Awards

Allianz Trade, the world’s leading trade credit insurer, has been awarded Best Trade Credit Insurer at this year’s TFG Trade, Treasury, and Payments Awards.

Sep 22, 2023

Allianz Trade joins the Trade Finance Distribution Initiative

Allianz Trade, the world’s leading trade credit insurer, has joined the Trade Finance Distribution Initiative (TFD Initiative) as a member

Sep 20, 2023

Fasanara and Allianz Trade join forces to grow fintech sector

Allianz Trade to use their predictive credit intelligence to instantly underwrite buyer credit risk in Fasanara’s new $1bn B2B e-commerce fund allocation