Latest Euler Hermes Headlines
All the headlines from our Euler Hermes Topic Page, ordered by recency.
Trade Credit Insurer Euler Hermes Rebrands as Allianz Trade
Mar 28 2022 // Euler Hermes, the world leader in trade credit insurance, has rebranded as Allianz Trade. The company described the name change as a natural move because it has been “fully part of the Allianz Group since...
People Moves: Rosa Appointed CEO of Euler Hermes Agency; Gallagher Re Adds Aon’s LaPalme; Marsh Hires Lipinska, Cobb
Feb 28 2022 // This edition of International People Moves details appointments at Euler Hermes, Gallagher Re and Marsh. A summary of these new hires follows here. Rosa Appointed CEO of Euler Hermes World Agency Riccardo Rosa Euler...
People Moves: Ex-NewRe Executive Cussigh to Peak Re in Zurich; Key Changes at Euler Hermes; Daley Promoted at Sedgwick Australia
May 26 2021 // This wrap-up of international People Moves details recent appointments at Peak Re, the Hong Kong-based reinsurer; Euler Hermes, the Paris headquartered credit insurer, and Sedgwick, the provider of technology-enabled risk,...
Allianz Proceeds with Euler Hermes Acquisition, Delisting
Apr 25 2018 // Allianz Group said it will soon complete the acquisition of Euler Hermes minorities and will delist the trade credit insurer from the Euronext Paris stock exchange. Following the completion of the simplified tender offer...
Allianz Raises Stake in Credit Insurer Euler Hermes to 92.43%
Feb 14 2018 // Allianz Group has successfully increased its stake in the leading credit insurer Euler Hermes to 92.43 percent. In November, Allianz first announced it intended to increase its 63 percent shareholding in Euler Hermes by...
Allianz Eyes Buying Remaining Stake in France’s Euler Hermes: Sources
Jun 8 2017 // Allianz SE is exploring a plan to take Euler Hermes Group private, buying the shares it doesn’t already own in the French trade-credit insurer, according to people familiar with the matter. Euler Hermes stock gained...
Russia Will Suffer Ukraine Economic, Political Fallout for Years: Euler Hermes
Mar 6 2015 // Russia will suffer the economic and political fallout of the Ukraine crisis for years to come, according to Euler Hermes Group, the world’s biggest trade credit insurer. Euler Hermes expects Russia’s economy to...
Euler Hermes and MAPFRE Form ‘Solunion’; a New Credit Insurance Venture
Nov 30 2012 // Euler Hermes and MAPFRE jointly announced the launch of “Solunion”- the brand name of their new credit insurance joint venture in Spain and four Latin American countries. Each partner owns 50 percent of the...
Top Trade Credit Insurer Pulls Cover for Exports to Greece
May 31 2012 // The world’s biggest trade credit insurer, Euler Hermes, has suspended cover for exporters shipping to Greece because of the mounting risk of them not being paid in the event the debt-laden nation is forced out of the...
EU Trade Credit Insurers Considering Restrictions on Greek Coverage
May 22 2012 // Euler Hermes, the world’s No. 1 trade credit insurer, said it might restrict the cover it provides to exporters doing business with Greece, citing fears the debt-laden nation could be forced out of the...
Ratings Roundup: Heritage, Euler Hermes (US)
Dec 22 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Calif.-based Heritage Indemnity Company, both with stable outlooks. The ratings of...
Euler Hermes, China Pacific Team up to offer Trade Credit
Mar 22 2011 // Euler Hermes, the trade credit insurer of the Allianz Group, and China Pacific Insurance (Group) Co., Ltd. (CPIC Group), one of China’s largest insurers, announced that they “have combined their expertise to...
Aon, Euler Hermes Launch Insurance Credit Service for SME’s
Jan 6 2009 // A bulletin from Aon’s London office notes that “with insolvencies set to increase in 2009, some 20 percent more of SMEs have turned to credit insurance this year to protect their balance sheet than in...
Ratings Recap: Euler Hermes, Ascot, Tokio Marine Retakaful, Toa Re
Oct 4 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty and insurer financial strength ratings on U.K.-based surety insurer Euler Hermes Guarantee PLC to ‘AA-‘ from ‘A’...
Euler Hermes Opens Dubai Office
May 30 2007 // Trade credit insurer Euler Hermes, a subsidiary of AGF and a member of the Allianz Group, has opened an office in Dubai in cooperation with its local partner, Alliance Insurance. Euler Hermes new facility will offer...
Euler Hermes Finds ‘Imbalances’ Could Slow Growth of Global Economy
Sep 26 2006 // Euler Hermes ACI, the US subsidiary of the Euler Hermes group, a global credit insurance provider, has issued its latest analysis of the global economy which concludes that although the IMF outlook remains positive,...
Euler Hermes to Enter Australia, NZ Credit Market
Jun 22 2006 // Euler Hermes, the Paris-based international credit insurer, has signed a letter of intent with Lumley General Insurance to acquire its credit insurance activities in Australia and New Zealand. Euler Hermes’ bulletin...
Euler Hermes “Studying” Acquisition of Allianz Ireland Credit Insurance
Jun 2 2006 // Global trade credit insurer Euler Hermes is studying the acquisition of Allianz Ireland’s credit insurance activities, which have an annual turnover of around €10 million ($12.2815 million) with a 45 percent share...
People and Places
Mar 20 2006 // Cathleen C. Beavers was named general manager of the Texas Automobile Insurance Plan Association. Previously, Beavers was residual market business advisor for USAA in San Antonio where she managed the auto residual market...
Christie Joins Euler Hermes ACI as Regional Vice President
Feb 23 2006 // Trade credit insurance provider Euler Hermes ACI announced that Rani Christie has joined the company as regional vice president for its new Southern sales region. The new Southern Region, the fourth sales region for the...
