When Did Allianz Acquire Euler Hermes?

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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. The company provides credit insurance services to businesses of all sizes, protecting them from the risk of non-payment by their customers.

Allianz, on the other hand, is one of the world’s largest financial services companies with a presence in over 70 countries. The company offers a wide range of products and services including insurance, asset management, and banking.

The acquisition of Euler Hermes by Allianz was seen as a strategic move that would allow Allianz to expand its footprint in the credit insurance market and provide customers with more comprehensive risk management solutions.

In addition to expanding its reach in the credit insurance market, the acquisition also allowed Allianz to benefit from Euler Hermes’ extensive experience and expertise in the industry. This expertise includes access to valuable data and analytics that can help Allianz better understand customer needs and develop more effective risk management solutions.

Since the acquisition, Euler Hermes has continued to operate as an independent subsidiary within the Allianz Group. However, both companies have worked closely together to leverage their combined strengths and capabilities to provide customers with more comprehensive solutions.

In conclusion, Allianz’s acquisition of Euler Hermes was an important strategic move that has helped the company expand its global presence in the credit insurance market. With access to Euler Hermes’ expertise and resources, Allianz is well-positioned to provide customers with more comprehensive risk management solutions that meet their evolving needs.

7 Related Question Answers Found

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Is Euler Hermes Part of Allianz?

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How Many Employees Does Euler Hermes Have?

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