His appointment will strengthen the Euler Hermes organization in this rapidly developing market. Euler Hermes Saudi Arabia operational activities are conducted through the local fronting partner Allianz Saudi Fransi Cooperative Insurance, a joint venture between Allianz Group and Saudi Fransi Bank. Euler Hermes Saudi Arabia operations, with offices respectively in Riyadh and Jeddah, are also responsible for serving the Kuwait market with a range of trade credit insurance solutions
Antoine Chayban has six years of experience with Euler Hermes GCC. He joined the company as a risk analyst; was promoted to business development manager and then to head of Distribution for Saudi Arabia and Kuwait. Before joining Euler Hermes, he served as a credit risk analyst at BLC Bank (France S.A.) based in Dubai. He holds a master in business administration from the American University of Dubai.
Euler Hermes established operations in Dubai in 2006 sponsored in the UAE by Alliance Insurance PSC, and by Allianz Saudi Fransi Bank in Saudi Arabia in 2008. Euler Hermes GCC is part of the Euler Hermes Mediterranean Countries, Middle East and Africa (MMEA) region, currently employing 600 people and covering 12 countries.