The internal candidate will be the first woman to lead this part of the business

Trade credit insurer Euler Hermes has appointed Sarah Murrow as chief executive of its UK and Ireland business, effective from 1 June.

Murrow, who’s appointment is subject to regulatory approval, is succeeding Milo Bogaerts, who is moving into a new position as the firm’s Northern Europe region chief executive from 21 June.

In turn, the insurer’s former Northern European boss Fabrice Desnos will become a member of Euler Hermes’ group board of management, overseeing credit intelligence, claims, collections and reinsurance.

Murrow, who will remain based in London, is the first woman to lead Euler Hermes’ UK and Ireland business – the carrier said this region forms some of the firm’s most important markets.

Prior to this appointment, Murrow worked as the insurer’s market management, commercial underwriting and distribution (MMCD) director for Northern Europe.

She initially joined Euler Hermes back in 2004 as part of the company’s Baltimore office. Before this, she held a number of senior management roles in both the US and France.

Positive track record

Speaking on the appointment, Bogaerts said: “We create trust to trade and are helping our customers emerge from the pandemic.

“Sarah has a great track record of understanding the needs and ambitions of our clients and partners. Her commercial experience makes her the ideal person to help our clients grow through the recovery.”

Murrow added: “I am honoured to join this market-leading organisation. At Euler Hermes, our purpose is to facilitate safe trade.

“As [chief executive] for UK and Ireland, my objective is to work with clients and partners to expand our products and services, providing more businesses the confidence to realise their ambitions. It is also paramount that I ensure our staff continue to receive a great employee experience.”