Trade credit insurance broker AU Group has opened a new subsidiary in Dubai to expand its services to companies in the GCC region.

Under the name AU Group Middle East, the new office is headed by Aurélien Paradis, who has more than 10 years of experience in the trade credit insurance industry in Europe and the Middle East. Before joining AU Group in 2014, Paradis worked with credit insurer Euler Hermes.

Commenting on the launch, chairman Jean-Claude de Lassée, says: “We are delighted to open this new office in Dubai, which enhances the international presence of AU Group. AU Group Middle East will support our global business development strategy, which will allow us to serve our global clients even better.”

AU Group specialises in trade credit insurance, financing and management of trade receivables. It currently has offices in 28 countries, and has policies set up in more than 70 countries.