If you’re in the business of international trade, you’ve probably come across Euler Hermes. They are a leading global trade credit insurer, with a presence in over 50 countries.
But where exactly is Euler Hermes based? Let’s take a closer look.
What is Euler Hermes?
Before we dive into their location, let’s first understand what Euler Hermes does. As mentioned earlier, they are a trade credit insurer.
This means that they provide insurance to businesses that export goods and services. In the event that the customer defaults on payment, Euler Hermes will cover the loss.
Where is Euler Hermes based?
Euler Hermes is headquartered in Paris, France. They have been based in France since their establishment in 1917. However, they have expanded their operations to other parts of the world over the years.
Global Presence
As of 2021, Euler Hermes has a presence in over 50 countries worldwide. They have offices and operations centers across Europe, Asia Pacific, North America, Latin America, Africa and Middle East.
Subsidiaries
Euler Hermes has several subsidiaries that operate independently but fall under the same umbrella organization. These include:
- Allianz SE: A German multinational financial services company that owns 63% of Euler Hermes’ shares.
- Euler Hermes ACI: A subsidiary based in Maryland, USA that offers surety bonds to businesses.
- Euler Hermes Collections: A subsidiary that specializes in debt collection services for businesses.
The Importance of Location for Trade Credit Insurers
The location of a trade credit insurer can be an important factor for businesses looking to export goods and services. This is because each country has its own unique set of regulations and risks associated with international trade. A trade credit insurer with a strong presence in a particular country can provide better insight and coverage for businesses operating in that region.
Example: Euler Hermes in Asia Pacific
Euler Hermes has a significant presence in the Asia Pacific region, with offices located in China, Japan, Singapore and more. This is important for businesses that export to or import from these countries, as they can benefit from Euler Hermes’ local expertise on credit risks and payment practices.
Conclusion
In summary, Euler Hermes is headquartered in Paris, France but has a global presence with operations in over 50 countries. Their subsidiaries offer additional services such as surety bonds and debt collection. The location of a trade credit insurer can be an important factor for businesses looking to export goods and services, and Euler Hermes’ presence in various regions can provide valuable insights for their clients.