Euler Hermes is the global leader in trade credit insurance and a


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PDF PRESS RELEASE Euler Hermes is now Allianz Trade

Mar 28 2022 · Euler Hermes the world leader in trade credit insurance becomes Allianz Trade Today marks a new chapter in our story: Euler Hermes the world leader in trade credit insurance becomes Allianz Trade – a natural move as we have been fully part of the Allianz Group since 2018

  • Who is the CEO of Hermes?

    The present CEO of the company is Axel Dumas and Emile Hermes SARL is the chairman of this elegant brand. The revenue of the company is $5.37 billion and the current count of employees in the company corresponds to a sum total of 12,000. Apart from handbags the company also deals in home furnishings, perfumery, jewelry and watches.

  • Why do German companies need Hermes insurance?

    These guarantees are an important part of German foreign trade policy and protect German companies in the event of non-payment by foreign debtors. The system of Hermes covers was originally introduced in 1949 for cases where firms could find no private insurance and has become a pillar of Germany's export industry.

  • What risks are covered by Hermes?

    They also include commercial risks such as protracted default and bankruptcy of the buyer. Hermes cover can be granted when the export transactions are worthy of support and the risks appear tolerable. The worthiness can result from job security, structural considerations or foreign policy objectives.

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