Does Allianz Own Euler Hermes?

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Are you wondering if Allianz owns Euler Hermes? The answer is yes, Allianz does own Euler Hermes.

In fact, Allianz acquired Euler Hermes in 2018 to expand its presence in the credit insurance market. Let’s take a closer look at this acquisition and what it means for both companies.

Who is Allianz?

Allianz is a multinational financial services company based in Germany. It offers insurance, investment, and asset management products and services to customers worldwide. With over 100 years of experience, Allianz has become one of the world’s largest insurers with operations in more than 70 countries.

What is Euler Hermes?

Euler Hermes is a global credit insurance company based in France. It provides trade credit insurance solutions to businesses of all sizes to protect them against non-payment or insolvency of their customers. Euler Hermes operates in over 50 countries and has a strong presence in Europe, where it holds a significant market share.

Allianz’s Acquisition of Euler Hermes

In December 2017, Allianz announced that it had signed an agreement to acquire 74.34% of the share capital of Euler Hermes from its parent company, Allianz SE. The acquisition was completed in May 2018 after receiving regulatory approval.

The acquisition was seen as a strategic move by Allianz to expand its position in the credit insurance market and strengthen its presence in Europe. By combining Euler Hermes’ expertise in trade credit insurance with Allianz’s global reach and financial strength, both companies hoped to create new growth opportunities and better serve their customers.

The Benefits of the Acquisition

For Euler Hermes, being part of the larger Allianz group has brought several benefits, including access to additional resources and expertise. This has enabled the company to invest more heavily in digital technologies and expand its offering to include new services such as surety bonds and fraud protection.

For Allianz, the acquisition has provided a foothold in the credit insurance market, which is an attractive sector due to its potential for growth. In addition, it has helped Allianz diversify its revenue streams and reduce its reliance on traditional insurance products.

Conclusion

In summary, Allianz does own Euler Hermes, and the acquisition has been beneficial for both companies. Euler Hermes has gained access to additional resources and expertise, while Allianz has expanded its position in the credit insurance market and diversified its revenue streams. As both companies continue to work together, we can expect to see further growth and innovation in this sector.

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Who Owns Euler Hermes?

Euler Hermes, the leading provider of trade credit insurance in the world, is part of the Allianz Group. Allianz is one of the largest financial services companies in the world and operates in more than 70 countries. Euler Hermes has been a subsidiary of Allianz since 2003.

When Did Allianz Acquire Euler Hermes?

In 2018, Allianz acquired Euler Hermes, a leading provider of credit insurance, for a total cost of €1.85 billion. The acquisition was completed on May 31, 2018, and marked a significant strategic milestone for Allianz in expanding its global presence in the credit insurance market. Euler Hermes was founded in 1917 and has since grown to become the world’s largest trade credit insurer, with operations in over 50 countries worldwide.

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