Top trade credit insurer Euler Hermes will have a new group chief financial officer come April.

Taking on the role is the company’s current group head of risk underwriting Loeiz Limon-Duparcmeur (pictured), who will also join the management board at Euler Hermes. His predecessor, Chantal Schumacher, is making the switch to Allianz.

“I would like to thank Chantal for her support and commitment to the group and to welcome Loeiz to the EH board of management,” commented management board chair Wilfried Verstraete. “I am confident that Loeiz with his in-depth knowledge of our business and with his broad international experience will do a great job in his new role.

“This appointment demonstrates once again the depth and breadth of experience of our teams all around the globe.”

The incoming CFO has been with Euler Hermes since 1995, holding roles spanning countries such as France, the Netherlands, and the UK. Prior to his current remit, Limon-Duparcmeur was country chief executive for Euler Hermes Italy.