If you’re in the world of international trade and commerce, you’ve likely heard of Euler Hermes. They are a leading provider of trade credit insurance and other services to help businesses manage their risk. But, are they part of Allianz?
The Short Answer: Yes, Euler Hermes is part of Allianz.
What is Euler Hermes?
Before we dive into the details of their relationship with Allianz, let’s take a closer look at what Euler Hermes does.
Euler Hermes was founded in 1917 and has grown to become the world’s leading provider of trade credit insurance. They offer a range of products and services designed to help businesses protect themselves against non-payment by their customers. This includes credit insurance policies that provide coverage against non-payment or insolvency by customers, as well as risk management tools and other services.
Who is Allianz?
Allianz is one of the world’s largest insurance companies. They were founded in 1890 in Germany and have since grown to operate in over 70 countries around the world. While they offer a wide range of insurance products, they are perhaps best known for their property and casualty insurance offerings.
The Relationship Between Euler Hermes and Allianz
So, how exactly does Euler Hermes fit into the picture with Allianz?
In 2008, Allianz acquired a controlling stake in Euler Hermes, making them a subsidiary of the larger company. However, despite being part of the same corporate family, Euler Hermes continues to operate largely independently from Allianz.
While there are certainly benefits to being part of such a large organization – including access to additional resources and support – Euler Hermes maintains its own distinct brand identity and business operations.
The Bottom Line
So, there you have it – while they may not be as closely intertwined as some other corporate siblings, Euler Hermes is indeed part of the Allianz family. As a leading provider of trade credit insurance, they continue to play an important role in helping businesses around the world manage their risk and protect themselves against non-payment.
10 Related Question Answers Found
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Introduction
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