Are you curious about the relationship between Euler Hermes and Hermes? You’re not alone!
After all, the names certainly seem similar. However, Euler Hermes and the Greek god Hermes have little in common other than their names.
Who is Euler Hermes?
Euler Hermes is a credit insurance company that specializes in providing financial protection to businesses against unpaid debts. The company was founded in Hamburg, Germany in 1917 and has since grown into a global enterprise with offices in over 50 countries. Euler Hermes is now recognized as the world’s leading provider of credit insurance.
Who is Hermes?
Hermes, on the other hand, is a Greek god known for his speed and cunning. He was often depicted as a messenger of the gods, wearing winged sandals and carrying a staff called a caduceus. In addition to being a messenger, Hermes was also known as the god of commerce, thieves, travelers, and shepherds.
What’s in a name?
So how did Euler Hermes come to be named after this ancient Greek god? The answer lies in the company’s history.
When the company was founded in 1917, it was originally called “Hamburgische Kreditversicherung von 1917” (Hamburg Credit Insurance of 1917). However, as the company expanded beyond Hamburg and into other parts of Germany and Europe, its name became difficult for non-German speakers to pronounce.
In 1920, the company decided to change its name to something simpler and more memorable. After considering several options, they eventually settled on “Euler Hermes” after Leonhard Euler – a Swiss mathematician who made significant contributions to mathematics and physics. The “Hermes” part of the name was added simply because it sounded good.
The Bottom Line
In conclusion, while Euler Hermes and Hermes share a name, they have very different histories and functions. Euler Hermes is a credit insurance company that provides financial protection to businesses, while Hermes is an ancient Greek god known for his speed and cunning. So the next time someone asks you if Euler Hermes is related to Hermes, you can confidently say no – they’re just two names that happen to sound similar.
- Euler Hermes is a credit insurance company
- Hermes is an ancient Greek god
- The name “Euler Hermes” was chosen for its simplicity and memorability
- The “Hermes” part of the name was added simply because it sounded good
So there you have it – the truth about the relationship (or lack thereof) between Euler Hermes and Hermes.
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