A.M. Best Company has reaffirmed the financial strength rating of A+ (Superior) and issuer credit ratings of "aa-" for Euler Hermes North America Insurance Company. The outlook for both ratings is stable.
“A.M. Best’s confirmation of our A+ rating supports our market leading position and the fact that we are well-equipped to meet the needs of our customers and partners,” said Jochen Duemler, CEO of Euler Hermes North America. “As the world’s largest provider of trade credit insurance, Euler Hermes offers clients deep risk expertise, detailed economic data and global experience needed to safely and strategically develop their businesses.”
According to A.M. Best documentation, the ratings reflect Euler Hermes’ strong risk-adjusted capitalization, position as the largest trade credit insurer in the United States and historically profitable operating performance. The ratings also reflect the support provided by Euler Hermes North America’s intermediate parent, Euler Hermes and the organization's ultimate parent, Allianz SE (Germany). This support includes reinsurance protection, infrastructure integration, enhanced marketing capabilities, and financial flexibility.
Standard & Poor’s (S&P) and Dagong Europe have also rated Euler Hermes a solid AA- based on its market leading position, strong operating performance and capitalization.
A.M. Best is the world's oldest insurance rating and information source.
Euler Hermes provides services to help companies of all sizes outsource their debt collection, risk management and credit management information needs. The company offers services for both domestic and export business trade transactions, protecting clients against commercial and political risk by monitoring and rating 245 countries and territories worldwide. Customers can leverage Euler Hermes’ global database of buyers and local underwriting presence in 50 countries.