Trade credit insurer, Euler Hermes has announced that it has appointed Sarah Murrow as Chief Executive Officer (CEO) of its UK and Ireland business.

Murrow moves from her role as the market management, commercial underwriting and distribution (MMCD) director for Northern Europe, and will be the first woman to head up Euler Hermes’ UK and Ireland business. She will remain based in London.

Murrow succeeds Milo Bogaerts, who is appointed CEO of Euler Hermes Northern Europe Region, effective 21 June. Fabrice Desnos, previously head of the region, is appointed member of Euler Hermes’ Group Board of Management in charge of Credit Intelligence, Claims, Collections and reinsurance.

As MMCD director, Murrow grew profitably Euler Hermes’ trade credit portfolio in Northern Europe through technical excellence, investments in technology and digital marketing, and the development of special products and distribution partnerships.

Murrow joined Euler Hermes in 2004 in its Baltimore office and previously held senior management roles in the US and France. She has a BA degree in international relations from Roanoke College in Virginia and an MBA from Johns Hopkins Carey Business School in Maryland.

Sarah Murrow said: “I am honoured to join this market-leading organisation. At Euler Hermes our purpose is to facilitate safe trade. As CEO 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.”

Milo 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.”