Euler Hermes became Allianz Trade aiming to better benefit from the reputation and strength of the Allianz Group

7 April 2022 — Daniela GHETU
On 29 March Euler Hermes, the world leader in trade credit insurance, operating in 52 countries, became Allianz Trade - a natural move as it has been fully part of the Allianz Group since 2018. The company will benefit even more from the reputation and strength of the Allianz Group

For over 100 years, Euler Hermes has been providing companies of all sizes with powerful tools to expand their business and protect their assets withtrade credit insurance and surety bonds. Our in-depth knowledge of markets and economic cycles, combined with its predictive analytics applied to the largest set of company data, allowed Euler Hermes to position its clients one step ahead.

"We are now Allianz Trade. What does it mean for our company, for our clients and for our employees? In one word: more. More global expertise and knowledge inspiring more local solutions. More confidence in tomorrow with more opportunities to help businesses grow. More foresight and customized service. More ability to keep up even better with technological transformations. More visibility to attract new talents, and more career opportunities for our employees. There is a lot to be excited about, and we have only just begun to explore the possibilities", says Clarisse Kopff, CEO of Allianz Trade.

Chris Townsend, member of the Board of Management of Allianz SE, adds: "We are excited to see Euler Hermes become Allianz Trade and are convinced that the change will bring about many benefits in terms of awareness, business development, growth and innovation. Allianz Trade is a unique, data driven and tech-enabled business, of which we are extremely proud."

The new brand name will directly support the implementation of the company's 2025 strategic plan, underlining its strong ambition for growth across all lines of business and geographies. "Growth is at the heart of our new strategy. We strive to find solutions for customers active in national and global economies, because trade credit ensures the legitimacy and successful execution of business transactions. We remain strongly committed to our mission of timely, accurate information and prudent, stable, experienced-based services. We are entering a new, exciting phase for our company, and I am thrilled to begin this journey by becoming Allianz Trade", says Clarisse Kopff.

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