Euler Hermes expands Italian export support: Launches CAP, CAP Plus

As key macroeconomic indicators point to another slow year for the Italian economy, with export the sole engine of growth for many Italian companies, Euler Hermes Italy is extending its range of services for clients operating in foreign markets.

 

The CAP policy will offer second-layer coverage against commercial export credit risks by integrating partial lines of credit, while CAP Plus offers “top-up” exceptional or short term coverage on positions not insured in traditional primary policies. 

 

“CAP and CAP Plus strengthen our partnership with clients needing to combine their search for new and profitable markets with the protection of trade receivables,” said Andrea Misticoni, commercial director for Euler Hermes Italy.

 

Euler Hermes CAP solutions are also available in a number of other European countries including Belgium, Czech Republic, Germany, Finland, France, the Netherlands, Norway, Poland, Slovakia, Sweden and the UK.

 

Euler Hermes established trade credit insurance activities in Italy in 2002 with the acquisition of Società Italiana Assicurazione Crediti (SIAC), which was originally established in 1927. With 400 employees based in the Rome headquarters and regional office, Euler Hermes Italia realized a 2012 turnover of approximately €221 million and today serves more than 4,500 customers across a range of business sectors and sizes.