Euler Hermes, the world leader in trade credit insurance, becomes Allianz Trade

Mihai-Alexandru Cristea 28/03/2022 | 16:51

Euler Hermes, the world leader in trade credit insurance, opens a new chapter in the history of insurance, becoming today, Allianz Trade. Since 2018, the company has been part of the Allianz Group, so the new identity highlights the group’s performance and is a major advantage in supporting the strategic plan for the next three years, consolidating its position as a global player.

 

The rebranding reiterates the Group’s ambition to expand in all areas of business and geographical areas in which it operates, based on three important pillars: extend core business, growth engines and preparation for a new world.

“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.

Pursuing the expansion of competitive advantage by providing the highest level of services in all market segments and relying on risk insurance instruments, acquired skills and developed infrastructure, Allianz Trade will continue to develop the strategy, in line with the Group’s objectives. Another objective of Allianz Trade is the expansion of growth engines, through the development of guarantee and specialized solutions (Transactional Cover Unit & Excess of loss) as well as through new investments aimed at rapidly increasing market shares. The long-term vision is to prepare for a new world of commerce, so that the company remains at the forefront of the game as it moves B2B commerce online.

“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.

Confidently stepping into tomorrow, staying true to who we are

For over 100 years, we have been providing companies of all sizes with powerful tools to expand their business and protect their assets with trade credit insurance and surety bonds. Our goal has always been to anticipate and mitigate risks through business intelligence to help firms trade with confidence. Our in-depth knowledge of markets and economic cycles, combined with our predictive analytics applied to the largest set of company data, allow us to position our clients one step ahead.

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.”

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