EULER HERMES: Euler Hermes shareholders' meeting appoints Ümit Boyner to the Supervisory Board

 EULER HERMES: Euler Hermes shareholders' meeting appoints Ümit Boyner to the
                              Supervisory Board

  Euler Hermes shareholders' meeting appoints Ümit Boyner to the Supervisory

PARIS - 23 OCTOBER 2013 - Euler Hermes announced the appointment of Mrs. Ümit
Boyner to its Supervisory Board following today's shareholders' meeting in

Ümit Boyner is an executive board member responsible for finance and
investments at Boyner Holding A.S., Turkey's largest non-food retailer.

Her three-year appointment to the Euler Hermes Board is effective until the
2016 annual shareholders' meeting.

Commenting on the appointment, Clem Booth, chairman of the Euler Hermes
Supervisory Board, said: "As we look to the future, we are very pleased to
welcome Ümit Boyner as a member. Her understanding of the dynamic and
strategically important Turkish, Middle East and Asian growth markets adds a
valuable dimension in our role as counsel to the Euler Hermes leadership."

"Joining the Euler Hermes Supervisory Board is a great honor," said Ümit
Boyner. "I look forward to the opportunity to strengthen the bridges between
Europe and Asia, and within Turkey as it builds on its deep history as a
regional and global trading hub. In addition, Turkey is increasingly adopting
best practices and institutions in the financial sector, where Euler Hermes is
a recognized global leader."

The Euler Hermes Supervisory Board has qualified Ümit Boyner as an independent
member according to criteria defined by the AFEP/MEDEF Code of Corporate
Governance to which the Group adheres. She is the third woman appointed to the
Supervisory Board joining Brigitte Bovermann, vice-chairwoman, and head of the
Global Insurance Lines & Anglo Markets division of Allianz SE and Elizabeth
Corley, CEO of Allianz Global Investors.

Ümit Boyner biography

Ümit Boyner, aged 50, holds a degree in Economics and Political Science from
the University of Rochester (USA) and has also completed the Financial
Management Program of Columbia University Graduate School of Business (USA).
She began her career in credit analysis in banking, before moving to financial
management. In 1994, she joined Boyner Holding as vice-president in charge of
finance and has served as Executive Board Member since 2002. She chaired the
Board of Directors of the TÜSIAD (Turkish Business and Industry Association)
from 2010 to 2013, having led its EU Affairs Committee since 2005. Earlier
this year, Ümit Boyner was appointed as International Advisory Board member of
UniCredit SpA.


Media Contacts

Euler Hermes Group Media Relations Ogilvy Public Relations Worldwide
Remi Calvet- +33(0)1 84 11 61 41   Lorenzo Ricci - +33(0)1 53 67 12 83

Euler Hermes is the worldwide leader in credit insurance and one of the
leaders in the areas of bonding, guarantees and collections. With 6,000+
employees in over 50 countries, Euler Hermes offers a complete range of
services for the management of B-to-B trade receivables and posted a
consolidated turnover of €2.4 billion in 2012.
Euler Hermes has developed a credit intelligence network that enables it to
analyse the financial stability of 40+ million businesses across the globe.
The Group insured worldwide business transactions totalling €770 billion
exposure end of December 2012.
Euler Hermes, a company of Allianz, is listed on Euronext Paris. The Group is
rated AA- by Standard & Poor's.

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Cautionary note regarding forward-looking statements: The statements contained
herein may include statements of future expectations and other forward-looking
statements that are based  on management's current  views and assumptions  and 
involve known  and unknown  risks and  uncertainties that  could cause  actual 
results, performance or events  to differ materially  from those expressed  or 
implied  in   such   statements.  In   addition   to  statements   which   are 
forward-looking by  reason  of context,  the  words "may",  "will",  "should", 
"expects",  "plans",   "intends",  "anticipates",   "believes",   "estimates", 
"predicts",  "potential",  or  "continue"  and  similar  expressions  identify 
forward-looking statements. Actual results,  performance or events may  differ 
materially from  those in  such  statements due  to, without  limitation,  (i) 
general economic conditions,  including in particular  economic conditions  in 
the Euler Hermes Group's core business  and core markets, (ii) performance  of 
financial  markets,   including  emerging   markets,  and   including   market 
volatility, liquidity and credit  events (iii) the  frequency and severity  of 
insured loss events,  including from  natural catastrophes  and including  the 
development of  loss expenses,  (iv)  persistency levels,  (v) the  extent  of 
credit defaults,  (vi) interest  rate levels,  (vii) currency  exchange  rates 
including the  Euro/U.S.  Dollar  exchange rate,  (viii)  changing  levels  of 
competition,  (ix)  changes  in  laws  and  regulations,  including   monetary 
convergence and the European  Monetary Union, (x) changes  in the policies  of 
central banks and/or  foreign governments,  (xi) the  impact of  acquisitions, 
including related  integration  issues,  (xii)  reorganization  measures,  and 
(xiii) general  competitive  factors,  in  each case  on  a  local,  regional, 
national and/or global  basis. Many  of these factors  may be  more likely  to 
occur, or  more pronounced,  as a  result of  terrorist activities  and  their 
The company assumes no obligation to update any forward-looking statement.

EH appoints Ümit Boyner to the Supervisory Board


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Source: EULER HERMES via Thomson Reuters ONE
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