Our Company

Customer obsession is what leads us. We focus on understanding your needs, your markets, your challenges and your expectations for tomorrow.
Our goal is to support your short and long term goals in order to help you make better informed decisions.
 
Our values:
RESPONSIVENESS
PRECISION
INNOVATION
HELPFUNESS
As the industry leader, we want to move our industry forward to provide a new experience of credit insurance. We have the responsibility to define new standards and to bring confidence in tomorrow. An example is how we designed our customer platform MyEH to help you manage your credit insurance seamlessly.

We’ve thrived for generations as the market leader and have continuously learned to serve our customers' needs.

We have deep roots that sustain us, even in tough economic times.

globe
1883
Creation of ACI (USA)

1917
Creation of Hermes (Germany)

1918
Creation of Trade Indemnity (UK)

1927
Creation of SFAC (France) and SIAC (Italy)

1929
Creation of COBAC (Belgium)
coworkers
1993
SFAC acquires COBAC.

1996
SFAC acquires Trade Indemnity and becomes the world leader in trade credit insurance.

1998
SFAC acquires ACI (USA) and SIAC (Italy).
Allianz buys AGF, shareholder of SFAC.
SFAC becomes Euler-SFAC.
postitimage

2000
Euler is listed on the Paris Stock Exchange.

2002
Euler acquires Hermes, the world’s fourth trade credit insurer.

2003
The Group and all subsidiaries adopt the name Euler Hermes.

2004-2009
International expansion in Asia Pacific, Middle East (Emirates, Kuwait, Sultanat of Oman, Quatar) and Latin America.
Creation of World Agency.

2007
Euler Hermes raises stake to COSEC (market leader in Portugal) to 50%.

One Euler Hermes: simplification of the Group's structures and clarification of its governance.

New products: Trade Finance Insurance and Political Risk, Excess of Loss (XoL).

Excellence: increase in productivity and flexibility of the cost base through worldwide streamlining of operations.
Solunion: a joint venture created in Spain and LatAm by Euler Hermes and MAPFRE, Operations expanded to Chile, Columbia, Mexico.

ICIC: interest equity in ICIC (the Israeli credit insurance specialist) increased to 50%.

Distribution: innovative global distribution partnership in credit insurance with HSBC and Bpi, BNP Paribas for France.

New products: EH Smartview online risk monitoring "Simplicity", trade credit insurance solution for small businesses.

2015

- LatAm expansion continued in Panama, Peru and Uruguay through its joint venture Solunion.
- Digital Agency, internal innovation "laboratory" launched.
- New products: "EH Fraud Cover" (France), company fraud risk protection; "Euler Hermes Energy", energy industry credit support & risk management solutions.
- New offices: Bulgaria, South Africa.

2016

- Accelerate, a three-year company-wide business transformation program launched.
- Accelerate, a three-year company-wide business transformation program launched.New partnership created with Moody's to provide tailored rating service to European SMEs. In Italy, distribution partnership with Unicredit to provide TCi products for Italian SMEs.
- Accelerate, a three-year company-wide business transformation program launched.Distribution joint venture: China Pacific Property Insurance Company (CPPIC).
- Accelerate, a three-year company-wide business transformation program launched.Euler Hermes SA's internal model approved by the Belgian regulator Solvency II. 

2020

2018

Allianz Group successfully completed the acquisition of Euler Hermes’s outstanding shares. Euler Hermes Group is now fully owned by the Allianz Group.
Launch of the new strategic plan 2019-2021: “Confidence in tomorrow”.

There is always a concern when taking the first steps into a new market, or making the first contact with a new organisation that could become a major customer, supplier or business partner. That is when the value of detailed insight and guidance about risk is most valuable.  At Euler Hermes we understand the anxieties faced by businesses and the questions they ask, which drives our commitment to insurance innovation. Our aim is to provide considered advice based on objective facts alongside a friendly response that will give confidence. At the same time we offer tried and tested products, guarantees and bonds that put practical arrangements in place to protect cash flow and secure agreements. If the worst happens and an invoice is not paid, our debt collection services can step in to take action for recovery of the monies owed.