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.
What is Euler Hermes?
Euler Hermes offers trade credit insurance, which helps businesses protect themselves against non-payment by their customers. The company provides coverage for businesses of all sizes and operates in more than 50 countries around the world.
Who owns Euler Hermes?
As mentioned earlier, Euler Hermes is a subsidiary of Allianz. Allianz acquired a controlling stake in the company in 2003 and has since become the sole owner. Allianz is a multinational financial services company based in Germany that offers insurance and asset management products.
Why did Allianz acquire Euler Hermes?
Allianz’s acquisition of Euler Hermes was part of its strategy to expand its presence in the insurance industry and to diversify its product offerings. The move also allowed Allianz to enter new markets where Euler Hermes had an established presence.
What does Euler Hermes do?
Euler Hermes specializes in trade credit insurance, which helps businesses protect themselves against non-payment by their customers.
In addition to trade credit insurance, Euler Hermes also offers other products and services such as debt collection, surety bonds, and fraud protection.
Conclusion
In conclusion, Euler Hermes is owned by Allianz, one of the largest financial services companies in the world. The acquisition by Allianz has allowed Euler Hermes to expand its reach into new markets while also diversifying its product offerings beyond just trade credit insurance. Euler Hermes continues to be a leader in the trade credit insurance industry and provides valuable protection for businesses of all sizes.