Euler Hermes SFAC Artimon par Ascredit.com
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Euler Hermes SA Solvency and Financial Condition Report (SFCR
EH SA is an insurance company based in Brussels Belgium that is 100 owned by Euler Hermes Group (EH Group) EH SA’s main Solvency II (SII) line of business (LoB) is credit and suretyship insurance which represents over 92 6 of earned premium in 2020 EH SA operates 20 branches and has 45 subsidiaries worldwide |
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SIMPLIFIED TENDER OFFER FOLLOWED BY A SQUEEZE-OUT FOR THE
a controlling stake in the German credit insurer Hermes Kreditversicherungs-AG In 1998 through the acquisition of the company Assurances Générales de France S A (AGF) Allianz indirectly acquired a controlling stake in Euler-SFAC Both businesses were merged upon the acquisition of Hermes Kreditversicherungs-AG by Euler in 2002 |
What happened to Euler Hermes?
In the same year, Euler Hermes increased its shareholding in ICIC, a credit insurer in Israel, to 50%. In 2018, Allianz completed the acquisition of Euler Hermes's outstanding shares and Euler Hermes Group became fully owned by the Allianz Group. In March 2022, Euler Hermes changed its brand name to Allianz Trade.
Why should you choose Euler Hermes?
We remain deeply rooted in our 100 year Euler Hermes heritage, and our promise to our customers remains unchanged: enabling your business growth by giving you confidence in tomorrow. We do this by securing your receivables through tailored trade credit insurance solutions.
How has Euler Hermes reinsurance impacted eh SA's net earned premiums?
This support has taken the shape of the so-called “State Schemes”, which are, in the majority of the cases, proportional reinsurance treaties whereby the local Euler Hermes entities cede a significant share of their business to the States. Those schemes have had a very significant impact on the 2020 net earned premiums of EH SA.
When did SFAC become Euler?
SFAC acquired COBAC in 1993, followed by Trade Indemnity in 1996, and ACI and SIAC in 1998. During the same year, Allianz acquired AGF, a shareholder of SFAC. The holding Compagnie Financière SFAC was renamed Euler. From 2000, Euler was listed on the Paris Stock Exchange.
