Euler Hermes
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| Type | Société Anonyme (Euronext: ELE.PA) |
|---|---|
| Founded | 2002 (group), 1917 (Hermes), 1893 (ACI) |
| Headquarters | Paris, France |
| Key people | Clement Booth, chairman of Euler Hermes Supervisory Board (since Jan. 01, 2010); Wilfried Verstraete, chairman of Euler Hermes Board of Management (since April, 2010) |
| Products | Credit insurance, Reinsurance, Trade debt collection, Bonding |
| Revenue | € 2,397 million (2012) |
| Net income | € 300,2 million (2012) |
| Employees | + 6,000 (2012) |
| Parent | Allianz |
| Divisions | Euler Hermes Americas; Euler Hermes Asia-Pacific; Euler Hermes Germany-Austria-Switzerland; Euler Hermes France; Euler Hermes Mediaterranean countries, Africa and Middle-East; Euler Hermes Northern Europe; Euler Hermes World Agency; Solunion |
| Website | http://www.eulerhermes.com |
Euler Hermes is a global credit insurance company that also offers a large range of bonding, guarantees and collections services for the management of business-to-business trade receivables. Its credit intelligence network analyzes the financial stability of 40+ million businesses worldwide.
A subsidiary of Allianz SE, Euler Hermes is listed on ELE.PA and is rated AA- by Standard & Poor's. The Group posted a consolidated turnover of €2.4 billion in 2012. Euler Hermes employs 6,000+ employees in over 50 countries
Euler Hermes in North America
Euler Hermes North America, the North American subsidiary of Euler Hermes was incorporated in 1893. It is the oldest and largest insurance carrier in North America exclusively writing receivables insurance and providing risk mitigation services. It is headquartered in Owings Mills, Maryland. Euler Hermes North America provides trade credit insurance policies covering both domestic and export trade in more than 200 countries.
One of the main spokespersons for Euler Hermes North America is Chief Economist Dan North.
Operations
The company has 54 subsidiaries throughout Europe, in France, Italy, Belgium, United Kingdom but also in the United States and Canada, including regional service hubs in New York City, Chicago, Atlanta, Los Angeles, Houston, Toronto and Montreal. It distributes its products and services through a network of direct agents, brokers, and banks. It employs approximately 6,000 around the world, and insures over $600 billion in commercial transactions.
Euler Hermes covers global risk management on six continents, with risk and information specialists located in 54 countries. Euler Hermes has a database with proprietary information on more than 40 million companies worldwide, and provides coverage on shipments to 200 countries around the globe.
Awards
- Best Trade Credit Insurance Brand in Middle East 2013 awarded by GLOBAL BRANDS MAGAZINE
See also
Hermes cover, the German export credit guarantee scheme managed by Euler Hermes Kreditversicherungs-AG and PricewaterhouseCoopers Aktiengesellschaft
External links
- Euler Hermes group website
- Euler Hermes global presence
- Euler Hermes awards & honors
- Euler Hermes economic publications
- Euler Hermes regulated information
- Euler Hermes latest news
- Solunion (Spanish / English)
- What is credit insurance?
- EH Simplicity
- EH Journal (Italian)
- Euler Hermes broker portal
- Euler Hermes economic trends (Dutch)
- Global Brands Magazine
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