eulerhermes.com - Press releases by Euler Hermes

Dirk Oevermann is appointed member of Euler Hermes’ Board of Management, in charge of Operations and IT

Thu, 03 Dec 2009 07:30:00 +0100

The Euler Hermes Group Supervisory Board appointed Dirk Oevermann a member of the Board of Management of the Euler Hermes Group as of 1st February 2010. Dirk Oevermann will be in charge of Operations and IT [more]

Global corporate insolvencies: after a black year in 2009, Euler Hermes expects corporate insolvencies to stabilise at a high level in 2010

Tue, 17 Nov 2009 10:00:00 +0100

The world’s leading credit insurer Euler Hermes is forecasting a 33% rise in corporate insolvencies worldwide in 2009. In 2008, half the global increase in insolvencies resulted from financial restrictions whereas in 2009 the main factor has been the economic recession [more]

Euler Hermes third quarter 2009 results

Mon, 09 Nov 2009 16:45:00 +0100

In spite of the rebound in the world economy during the third quarter of 2009, the crisis is far from over. The shock was indeed of unprecedented force, and companies’ health has been badly affected [more]

Clement B. Booth takes over from Jean-Philippe Thierry as Chairman of the Supervisory Board of Euler Hermes

Mon, 09 Nov 2009 16:30:00 +0100

As previously announced, Jean-Philippe Thierry will retire from AGF chairmanship and Allianz SE Board of Management on 31 December 2009. Within this context the Euler Hermes Supervisory Board which met earlier today, has appointed Clement B. Booth Chairman [more]

Bernd Lehmann is appointed Global Head of HR of Euler Hermes

Thu, 29 Oct 2009 14:44:00 +0100

Bernd Lehmann is appointed Global Head of Human Resources of the Euler Hermes Group, effective as of November 1st, 2009. [more]

Euler Hermes: new governance

Thu, 15 Oct 2009 15:30:00 +0100

Within the framework of the new organisation which will be implemented 1 January 2010 and in order to manage the group in a fully integrated way, the members of the Management Board of Euler Hermes decided to strengthen the group functions and to concentrate on them. Moreover six Heads of Region are appointed. [more]

Euler Hermes adopts a new, more integrated, organisation

Thu, 10 Sep 2009 15:30:00 +0100

Euler Hermes adopts a new, more closely integrated, organisation with the aim of better meeting clients’ needs and consolidating its world leadership in credit insurance [more]

Standard & Poor’s confirms Euler Hermes’ AA- rating

Tue, 18 Aug 2009 15:30:00 +0100

In a report published on July 29, Standard & Poor’s Ratings Services affirms its AA- rating with a stable outlook on Euler Hermes group reflecting its very strong position and financial flexibility and its prudent investment strategy [more]

Standard & Poor’s reconfirms Euler Hermes’ AA- rating

Wed, 04 Aug 2010 12:30:00 +0100

In a report published on July 29, Standard & Poor’s confirms Euler Hermes’ AA- rating with a stable outlook reflecting the Euler Hermes group’s very strong competitive position, long-term financial flexibility and solid operating performance over the cycle [more]

Euler Hermes’ results for the first half of 2010

Thu, 29 Jul 2010 15:30:00 +0100

Although the economic recovery remains fragile, Euler Hermes’ turnover grew by 5.0% quarter-on-quarter in the second quarter of 2010, reaching €1.039 billion for the six months to the end of June. At the same time, the group continued to reap the benefits of the action plans implemented. [more]

Euler Hermes’ results for the first half of 2009

Tue, 28 Jul 2009 15:45:00 +0100

Economic conditions continued to deteriorate throughout the second quarter of 2009. Many companies’ sales contracted and their cash positions worsened, resulting in a significant increase in the number of corporate failures since the beginning of the year. [more]

Euler Hermes Begins Operations in Chile

Thu, 22 Jul 2010 09:00:00 +0100

Euler Hermes, the worldwide leader in trade credit insurance, has announced the opening of its newest Latin American subsidiary in Chile [more]

U.S. Has Entered Economic Recovery Period

Tue, 21 Jul 2009 15:30:00 +0100

Following nearly 18 months of recession, the U.S. economy has entered its initial recovery period; however, as expected, the economic improvement is coming “in fits and starts” according to the Chief Economist for Euler Hermes in the Americas [more]

Catherine Zeller joins Euler Hermes as Head of Group Legal and as Corporate Secretary

Mon, 19 Jul 2010 09:00:00 +0100

On July 19, Catherine Zeller joined leading global credit insurer, Euler Hermes, as Head of Group Legal and as Corporate Secretary [more]

Euler Hermes Wins “Best Export Credit Agency” Award for the 6th Time

Thu, 15 Jul 2010 15:30:00 +0100

Euler Hermes, the worldwide leader in credit insurance, has again been rewarded “Best Export Credit Agency Europe 2010” by the British Trade Finance Magazine based on an annual survey among 15,000 readers. [more]

Euler Hermes enhances its political and trade risk cover

Tue, 06 Jul 2010 15:45:00 +0100

Euler Hermes enhances its political and trade risk cover [more]

Global economic recovery is already under pressure

Mon, 28 Jun 2010 13:00:00 +0100

Global economic recovery is already under pressure [more]

The future of global automobile demand to be shaped by mergers and alliances

Thu, 25 Jun 2009 15:30:00 +0100

A plunge in global demand and massive destocking are such that in future, the industry will need to find ways to share certain costs through tie-ups and alliances [more]

Post-crisis period expected to be marked by the resurgence of “country risk” and lower global economic growth than in the last decade

Fri, 05 Jun 2009 15:30:00 +0100

Number one credit insurer Euler Hermes assesses the impact of globalisation and considers its development post-crisis [more]

A remarkable acceleration in business insolvencies worldwide: +35% in 2009

Thu, 04 Jun 2009 15:30:00 +0100

Number one credit insurer Euler Hermes is forecasting a 35% increase in corporate worldwide insolvencies for 2009, after +27% in 2008. This dramatical rise is the consequence of the financial and economic crisis. [more]

José Maria Cadenas is appointed CEO of Euler Hermes Spain

Thu, 27 May 2010 15:30:00 +0100

José Maria Cadenas will take up the position of Chief Executive Officer of the Spanish subsidiary of global credit insurance leader, Euler Hermes, on June 1, 2010. [more]

New members are appointed to the Supervisory Board of Euler Hermes

Fri, 21 May 2010 15:30:00 +0100

The shareholders of Euler Hermes appointed five new members to the Supervisory Board of the group on 21 May 2010. [more]

Brazil, India and China: the new leaders of the global economy for at least the next five years

Thu, 20 May 2010 09:00:00 +0100

Having displayed extraordinary resilience to the global crisis, China, India and Brazil are about to experience an economic success that is set to last at least five years. According to Wilfried Verstraete [more]

France: Euler Hermes SFAC plays a leading role in the new CAP+ credit insurance top-up scheme and in communication with companies

Thu, 14 May 2009 15:30:00 +0100

French credit insurer Euler Hermes SFAC welcomes the agreement reached following the meeting with French prime minister François Fillon on 12 May 2009 [more]

Euler Hermes confirms its presence in Portugal

Thu, 14 May 2009 15:30:00 +0100

Euler Hermes took note of the Portuguese Prime minister’s statement regarding his government’s wish to make an offer to acquire Cosec [more]

Euler Hermes results for the first quarter of 2010

Fri, 07 May 2010 15:30:00 +0100

Despite the fragile economic recovery Euler Hermes posted a quarter on quarter increase in turnover of 3.5% compared to the fourth quarter of 2009. The group achieved a positive net income development of €47.6 million versus €16.5 million for the first quarter of 2009 [more]

Euler Hermes first quarter 2009 results: turnover up 4.1%, technical result negative by €11.1 million, net income of €16.5 million

Wed, 06 May 2009 15:45:00 +0100

The economic climate remained unfavourable in the first quarter of 2009. Therefore the number of claims was high and continued to depress group profitability, leading to a negative technical result of €11.1 million. However, solid financial income enabled Euler Hermes to record a net income of €16.5 million for the first quarter of 2009 [more]

Jules Kappeler is appointed Managing Director of Euler Hermes Switzerland

Wed, 05 May 2010 08:00:00 +0100

Jules Kappeler has taken up the position of Managing Director of the Swiss subsidiary of global credit insurance leader, Euler Hermes, on May 1, 2010 [more]

World economy: New sources of growth are slow to emerge; risks and uncertainties persist

Thu, 15 Apr 2010 09:00:00 +0100

The global economic rebound since the spring of 2009 has not neutralised the impact of the historic recession suffered by developed countries. In particular, the weight of OECD countries in global industrial output and trade has receded by several percentage points. The present rebound is very uneven and artificially boosted by significant but temporary support factors [more]

HSBC and Euler Hermes join forces to support UK exporters

Mon, 12 Apr 2010 08:10:00 +0100

HSBC Commercial Banking and Euler Hermes, the world’s leading credit insurer, have announced that they will begin working together from 1 April 2010 to support HSBC Invoice Finance’s service to UK exporters. [more]

Euler Hermes’ 2008 results: turnover grows by 3.2%, net income of €83.6 million

Tue, 17 Feb 2009 16:45:00 +0100

The severe economic crisis we are currently experiencing has resulted in a rise in payment defaults and corporate failures, resulting in an increase in the number and amounts of claims paid by Euler Hermes to its policyholders. [more]

Euler Hermes annual financial results 2009

Wed, 17 Feb 2010 16:30:00 +0100

In a still-difficult economic environment, in 2009 Euler Hermes achieved turnover of €2,085.7 million, down 3.7% from 2008. The end of the downturn combined with the effectiveness of the actions carried out enabled the group to achieve net income of €19.0 million, down 77.3% [more]

Appointments at Euler Hermes

Mon, 18 Jan 2010 16:30:00 +0100

As part of its new integrated organisation, Euler Hermes has set up a Market Management, Marketing, Commercial & Distribution division overseen by Michel Mollard, member of the Euler Hermes Group Management Board. Three Executive Directors have been appointed [more]